(EnergyAsia, February 1 2012, Wednesday) — Australia’s Hunter Ports has begun work on building a state-of-the-art terminal that could double the capacity of the world’s biggest coal export port in Newcastle by 2015. Controlled by mining entrepreneur Nathan Tinkler, Hunter Ports said it will A$2.5 billion in the new facility on the south bank of (more…)
(EnergyAsia, February 1 2012, Wednesday) — The Singapore and Chinese governments have criticised the US for its decision to impose trade sanctions against two of their oil companies for trading with Iran. The Singapore Foreign Ministry said the actions are “unilateral” and “above and beyond” the curbs issued by the UN Security Council. China has...
(EnergyAsia, February 1 2012, Wednesday) — India’s Tata Power has started up the first 800MW unit of its 4,000MW super-critical power plant at Mundra in Gujarat state. When completed later this decade, the 170 billion-rupee coal-fired plant will supply electricity to the states of Gujarat, Maharashtra, Punjab, Haryana and Rajasthan in northern India. (US$1=51 rupees)....
(EnergyAsia, February 1 2012, Wednesday) — Singapore sovereign wealth fund GIC has joined three companies to invest a total of C$500 million in Canada’s Osum Oil Sands Corp to help develop two projects in Alberta province. (US$1=C$1.01). Through a private placement, GIC, Warburg Pincus, Blackstone Capital Partners and KERN Partners, a Calgary-based private equity firm, (more…)
(EnergyAsia, February 1 2012, Wednesday) — Australia’s Universal Coal plc said it expects it expects to be strengthened by recent developments at its coking coal projects in northern South Africa. At a recent media briefing in Johannesburg, chairman Tony Harwood said its two early-stage coking coal exploration projects in Limpopo province will be a major (more…)