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Sunday, 07 February 10
AN AUSTRALIAN FIRM HAS SIGNED A $60BN DEAL TO SUPPLY COAL TO CHINESE POWER STATIONS
Clive Palmer, chairman of the company, Resourcehouse, said it was Australia's "biggest ever export contract".
Under the deal, the firm will build a new mining complex to give China Power International Development (CPI) 30m tonnes of coal a year for 20 years. Analysts say it is further evidence of China's strong demand for resources boosting Australia's economy.
Most of China's power stations rely on coal - and demand has risen sharply in recent months after a government stimulus programme re-energised its economy.
Knock-on effects
The plan involves building a huge new mining complex in the Australian state of Queensland, and laying 500km (311 miles) of railway line to move the coal to the coast. Resourcehouse's executive director, Phil McNamara, said the "once-in-a-century project" would include open-cast and underground mines, with construction likely to begin later this year.
| “Most of China's power stations rely on coal - and demand has risen sharply in recent months after a government stimulus programme re-energized its economy” |
The complex in the Galilee basin, to be called China First, is expected to start coal production in 2013 and will churn out some 40 million tonnes a year.
Queensland state premier Anna Bligh anticipates the project will create tens of thousands of jobs and produce multi-million dollar royalty payments for the state government. But the lucrative Sino-Australian deal will almost certainly disappoint some environmental groups, says the BBC's Phil Mercer in Sydney.
They believe Australia's reliance on plentiful reserves of coal, both for domestic electricity generation and for export, should be reduced in favour of renewable sources of energy.
Analysts say the deal signals a thaw between the two nations, following a string of incidents in 2009 that strained relations, from the arrest in Shanghai of an Australian mining executive from Rio Tinto to the high-profile visit to Australia of Uihgur activist leader Rebiya Kadeer.
An attempt by the state-owned resources company, Chinalco, to buy into the Anglo-Australia mining giant, Rio Tinto, also ended in acrimony.
Source: BBC
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Wednesday, 10 February 10
JPMORGAN FORECASTS A 5.7% GROWTH IN SEABORNE IRON ORE SHIPMENTS, 3.8% FOR COAL AND GRAIN THIS YEAR
This year volumes of iron ore transportation by sea may grow to 5.7%, coal and grain up 3.8% over numbers in 2009, Ukrrudprom reports citing analyst ...
Wednesday, 10 February 10
ANGLO AMERICAN TIPS COAL PRICE RISE AFTER RAIN, AUSTRALIAN SAYS
Anglo American Plc expects coking coal contract prices to rise after weeks of heavy rain in Queensland state cut output by as much as 10 million met ...
Wednesday, 10 February 10
KANGAROO RESOURCES COMMENCES MINING AT MAMAHAK COKING COAL PROJECT
International coal producer Kangaroo Resources has kicked off mining at its second Indonesian coal operation, the Mamahak Coking Coal Project in Eas ...
Wednesday, 10 February 10
CHINA DENIES CLIVE PALMER'S COAL DEAL
ONE of China's biggest government-owned companies yesterday repudiated mining billionaire Clive Palmer for overstating what he said was Australia' ...
Tuesday, 09 February 10
INDIANS SAY SEEKING COAL BARGAINS VIA INDEX PRICES
* Indonesian cheaper than S.African - traders
* End-users wait for price falls before tendering
Indian coal traders responsible for the bulk of ...
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- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- The University of Queensland
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Heidelberg Cement - Germany
- MS Steel International - UAE
- Planning Commission, India
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- ASAPP Information Group - India
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
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