(EnergyAsia, July 5 2012, Thursday) — State Vietnam Electricity Corporation (EVN) has awarded a contract to China Communications Construction Company (CCCC) to develop a seaport mostly for coal-handling to serve a major planned power complex in southern Tra Vinh province. As part of the US$181 million engineering, procurement and construction (EPC), the Chinese firm will...
INDONESIA: Greenpeace protests construction of region’s largest coal power plant in central Java
Map of Batang in Java, IndonesiaSources: Adaro Energy, J-Power, Itochu Corp (EnergyAsia, July 5 2012, Thursday) — Greenpeace activists staged a march through Jakarta city yesterday in protest against plans by a consortium to build Southeast Asia’s largest coal-fired power plant in the coastal district of Batang on north central Java. Stopping at the Maritime (more…)
SINGAPORE: Good Coal JV licensed to develop and market clean coal technology in Southeast Asia
(EnergyAsia, July 5 2012, Thursday) — Singapore-based Good Coal Pte Ltd has been awarded an exclusive technology licensing agreement to develop, deploy and market a proprietary clean coal technology in Southeast Asia. US-based Clean Coal Technologies Inc which owns a 45% stake in Good Coal said the newly established company will promote its Pristine-M technology. (more…)
PAPUA NEW GUINEA: InterOil to separate chairman, CEO roles and add two directors to board
(EnergyAsia, July 5 2012, Thursday) — NYSE-listed InterOil Corp said it is separating the roles of chairman and chief executive and added two members to its board including a former Prime Minister of Papua New Guinea. The company, which is focused on developing oil and gas projects in Papua New Guinea, said Rabbie Namaliu, who (more…)
MONGOLIA: Canada’s Erdene to separate into two companies focusing on coal and mineral assets
(EnergyAsia, July 4 2012, Wednesday) — Canada’s Erdene Resource Development Corp said it has agreed to separate its domestic and Mongolian mineral and coal assets into two companies. Erdene will sell off its 25% interest in the Donkin coal project in Cape Breton in Canada’s Nova Scotia province to another Canadian firm, Advanced Primary Minerals (more…)
MONGOLIA: Australia’s Aspire Mining, Russian Railways to look into extending rail link to serve Ovoot coal project
(EnergyAsia, July 4 2012, Wednesday) — Aspire Mining Limited said it and rail giant JSC Russian Railways (RZD) are discussing the possibility of extending the Trans-Mongolian Railway across northern Mongolia that would help deliver coking coal from the Australian firm’s Ovoot mine. The discussion is provided for under a non-binding memorandum of understanding (MOU) that (more…)
MARKETS: Brent back up above US$100 on Iran tensions, US weather, Norway strike
(EnergyAsia, July 4 2012, Wednesday) — Brent crude rebounded above US$100 a barrel July 3 for the first time since June 11 on worries that oil supplies could be affected by the growing tensions between Iran and the West, strike action by Norwegian oil workers, and possible work disruption in the Gulf of Mexico with (more…)
CHINA: Oil production and consumption growth slowing down
(EnergyAsia, July 4 2012, Wednesday) — China’s energy use and production growth are showing signs of slowing down. According to the National Bureau of Statistics, the country’s electricity production grew by just 4.7% to just under 3,900 billion watt-hours in the first five months of the year, with thermal power output rising by just 4.1%. (more…)
CHINA: Coal stockpiles at record high levels at three major ports
(EnergyAsia, July 3 2012, Tuesday) — Amid weaker demand brought on by China’s cooling economy and higher hydropower output, traders said coal stockpiles at three major ports in northern Hebei province have reached a combined record high level of 18.3 million tonnes. Traders defaulting on purchase and import agreements have elected to leave their cargoes...
AUSTRALIA: QR National evaluating rail proposal for Galilee Basin coal mine, awards contract for Wiggins project
(EnergyAsia, July 3 2012, Tuesday) — Following on the Queensland state government’s announced support for the expansion of two major coal mining areas, Australia’s QR National said it is evaluating a joint proposal for an integrated rail proposal after awarding a A$76-million contract for a new loop section to the Wiggin Island project. (US$1=A$0.97). Australia’s (more…)
JAPAN: Sojitz to acquire 10% stake in China-based company to access Mongolia’s coal resources, expand sales
(EnergyAsia, July 3 2012, Tuesday) — Japanese trading house Sojitz Corporation said it has agreed to pay RMB30 million for a 10% stake in Inner Mongolia Zhongmeng Coal Co Ltd, a wholly-owned subsidiary of China’s Inner Mongolia Erdos Group, which is involved in Mongolia’s resource business. (US$1=RMB6.36). As Japan’s third largest coal trader, Sojitz, which (more…)
AUSTRALIA: BHP to invest US$845 million in coal mine expansion near Sydney
(EnergyAsia, July 3 2012, Tuesday) — Australia mining giant BHP Billiton said it will invest US$845 million to expand its Appin metallurgical coking coal mine, south-west of Sydney, to replace production from its nearby West Cliff mine. The company expects the new 3.5-million-tonne site to be operational in 2016 in time to maintain its production (more…)
AUSTRALIA: Resources and energy export earnings predicted to rise to record A$209 billion next year
(EnergyAsia, July 2 2012, Monday) — Australia’s resources and energy commodity export earnings are forecast to reach a record A$209 billion in the financial year ending June 30 2013, said the Bureau of Resources and Energy Economics (BREE). The agency did not give an estimate for the country’s export earnings for the last financial year (more…)
AUSTRALIA: International Coal concludes farm-in and JV agreement with Queensland Coal Investments
(EnergyAsia, July 2 2012, Monday) — Australia’s International Coal (ICX) said it has concluded a farm-in and joint venture agreement with Queensland Coal Investments Pty Ltd (QCI), a wholly owned subsidiary of Hancock Prospecting Pty Ltd (HPPL), with respect to various tenements in the Maryborough basin. Located in a well-known and highly prospective hard coking (more…)
MARKETS: Food prices largely tracked oil’s rise between 2004 and 2011, says joint UN-ADB report
(EnergyAsia, July 2 2012, Monday) — Food prices have risen on account of higher oil prices according to a recent joint report by two United Nations agencies and the Asian Development Bank (ADB) which found that a key food index doubled while the Brent crude price tripled between 2004 and 2011. The report by the UN...
INDIA: Suspicion clouds plans for oil product exports to Pakistan
(EnergyAsia, July 2 2012, Monday) — India has surplus oil refining capacity while neighbour Pakistan is desperately short and needs to import fuel for its energy-starved economy. Instead suspicion and bilateral tensions are holding up what should easily have grown into a straightforward trading relationship. Officials from both countries are scheduled to meet in New...