(EnergyAsia, August 3 2011, Wednesday) — China Petroleum & Chemical Corporation (Sinopec) and Syntroleum Corporation, a Tulsa, Oklahoma company said they have started up their jointly-owned 80 b/d demonstration plant in Zhenhai district in China’s Zhejiang province. The plant uses the Syntroleum-Sinopec Fischer Tropsch technology to convert coal, asphalt and petroleum coke into high value (more…)
(EnergyAsia, August 3 2011, Wednesday) — L & L Energy Inc, a US-based company operating coal businesses in China, said its income rose by nearly 20% to US$37 million while its revenue more than doubled to a record US$224 million for the FY2011 which ended on April 30. Fully diluted earnings per share from continued (more…)
(EnergyAsia, August 2 2011, Tuesday) — Sino Clean Energy Inc , a leading producer and distributor of coal-water slurry fuel (CWSF) in China, said it recently signed a non-binding preliminary agreement to fully acquire Crown Energy Limited, a Hong Kong investment company, which holds a 60% stake in Foshan Nan Hai CWSF Co Ltd. If...
(EnergyAsia, August 2 2011, Tuesday) — A consortium comprising Japan’s Marubeni Corporation and Germany’s Siemens Group has received a letter of intent from the Electricity Generating Authority of Thailand (EGAT) to construct two combined cycle power plants with a total capacity of 1,600MW. The Chana Block 2 plant in Songkhla province and Wang Noi Block...
(EnergyAsia, August 2 2011, Tuesday) — Australian mining giant BHP Billiton experienced contrasting fortunes for its metallurgical or met and thermal coal operations for the first half of this year. Its met coal production fell 13% to 32.68 million tonnes compared with the same period last year, while its thermal coal production rose 5% to 69.5...
(EnergyAsia, August 2 2011, Tuesday) — Germany’s Siemens Energy said it recently received separate large orders to deliver coal-to-gas plants and wind turbines to two customers in China, although it did not reveal the value of the contracts. Last month, the company said it secured from CPI Xinjiang Energy Co Ltd a contract to deliver (more…)
(EnergyAsia, August 2 2011, Tuesday) — Australia-listed Hunnu Coal said it is targeting to produce 1.5 million tonnes of coal from the Tsant Uul deposit in Mongolia next year and three million tonnes in 2013. The company said it expects to start production in the last quarter of 2011 after announcing that it had been (more…)
(EnergyAsia, August 1 2011, Monday) — Hong Kong-listed King Stone Energy Group Limited said it has agreed to acquired Inner Mongolia Liaoyuan Coal Mining Company Limited (or Liaoyuan Coal) for RMB500 million in cash. (US$1=RMB6.45). King Stone Energy said it will pay for the stake in three separate instalments entirely from its internal resources by...
(EnergyAsia, August 1 2011, Monday) — Switzerland-based Foster Wheeler AG said a subsidiary of its Global Engineering and Construction Group has signed a memorandum of understanding (MoU) to form a jointly-owned company with The State Oil Company of Azerbaijan Republic (SOCAR) in Azerbaijan. SOCAR is a state-owned company engaged oil and gas exploration, production, transportation...
(EnergyAsia, August 1 2011, Monday) — Making its first foreign investment, Indian Metals and Ferro Alloys (IMFA) said its Singapore-based subsidiary, Indmet Mining Pte Limited, has paid US$8.75 million for a 70% stake in a coal mine in Central Kalimantan, Indonesia. The Orissa state-based company, controlled by the Rajya Sabha family, will invest millions more...
(EnergyAsia, August 1 2011, Monday) — Coal accounted for a third of Mongolia’s US$1.163 billion export earnings in the first four months of 2011. The increased prices and volume of mineral sales boosted export earnings of the landlocked resource-rich country by more than 59.4% over the same period last year. The National Statistics Office said...
(EnergyAsia, August 1 2011, Monday) — Coal Services Pty Ltd said it has reduced workers’ compensation premium rates for the New South Wales coal mining industry by 2.78% for the current financial year 2011/2012, with the target premium rate set at 3.5%. This is the latest in a series of reductions that have seen insurance (more…)