INDONESIA: India’s Tata Power, Japan’s Idemitsu acquire stakes in coal miner

(EnergyAsia, November 14 2012, Tuesday) — India’s Tata Power Company and Japan’s Idemitsu Kosan Co have acquired stakes in an Indonesian coal miner in separate deals Tata Power bought a 26% stake in Jakarta-listed PT Baramulti Sukses Sarana Tbk (BSSR) for an undisclosed sum while Idemitsu Kosan said it paid more than one billion yen (more…)

INDIA: Coal India Limited aims to double production by 2017

(EnergyAsia, November 14 2012, Tuesday) — Coal India Limited, the country’s largest coal miner, said it could double production capacity in the central state of Chhattisgarh to 220 million tonnes (MT) by 2017 if it completes three railway lines to the region’s mines. “If rail connectivity is established, production capacity from our subsidiaries would double...

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AUSTRALIA: Modun agrees to lift coal from Tennant’s Nuurst project in Mongolia

(EnergyAsia, November 12 2012, Monday) — Australia-listed Modun Resources said it has signed an agreement for trader Tennant Metals to market the thermal coal produced at its wholly owned Nuurst project in central Mongolia. According to Modun, Tennant will have exclusive rights to purchase all of Nuurst’s thermal coal available for export and at least (more…)

INDIA: Coal India Ltd continues to ward off pressure to reform

(EnergyAsia, November 12 2012, Monday) — Coal India Limited (CIL), the country’s largest coal producer, is continuing to resist calls for reforms despite being the target of mounting investigations into its role in India’s worsening power supply crisis. The Central Bureau of Investigation (CBI) is looking into corrupt practices while the Competition Commission of India...

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INDONESIA: Yinfu Gold Corp acquires interest in Kalimantan coal mine through Singapore firm

(EnergyAsia, November 12 2012, Monday) — US-based Yinfu Gold Corp said it has agreed to acquire a 51% interest in Singapore-based Hitric Resources (S) Pte Ltd which owns 80% rights of a coal mine in Tanah Bumbu in Indonesia’s South Kalimantan province. According to Yinfu, Hitric Resources was granted a seven-year exploration licence over a (more…)

AUSTRALIA: GVK subsidiary awards contract to build 60-million-tonne coal port in Queensland

(EnergyAsia, November 12 2012, Monday) — A joint venture comprising South Korea’s Samsung C&T Corporation and Australia’s Smithbridge Group Pty Ltd has secured a contract to build the T3 terminal port at Abbot Point to export coal from the Alpha project in Australia’s Queensland state. India’s GVK Group said its subsidiary, Hancock Coal Infrastructure Pty...

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SOUTH KOREA: Foster Wheeler to help design supercritical pulverized coal steam generator project

(EnergyAsia, November 9 2012, Friday) — Foster Wheeler AG said a subsidiary of its Global Power Group has been awarded a contract by BHI Co Ltd to collaborate in the design of two supercritical pulverised coal (PC) fired steam generators in South Korea. The client, STX Electric Power Co Ltd (STXEP), is including the generators (more…)

INDONESIA: Association chief predicts coal production to recover in 2013

(EnergyAsia, November 9 2012, Friday) — Indonesia’s coal production will recover next year after suffering an unexpected decline in 2012 as a result of weak demand in Asia and rising operating costs, said the industry’s spokesman. According to Bob Kamandanu, chairman of the Indonesian Coal Mining Association, the country’s coal output will increase to between...

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COMPANY: Hong Kong-listed Sunshine Oilsands obtains conditional approval to list on the Toronto Stock Exchange

(EnergyAsia, November 9 2012, Friday) — Hong Kong-listed Sunshine Oilsands Ltd, which hopes to start oil production in Canada’s Alberta province in late 2013, said it has obtained conditional approval for a secondary listing on the Toronto Stock Exchange (TXS). The company, which intends to maintain its primary listing in Hong Kong, said it will (more…)

MARKETS: Goldman Sachs sees thermal coal price slipping on weak China outlook and cheaper oil

(EnergyAsia, November 9 2012, Friday) — Goldman Sachs expects the price of Australian thermal coal to average around US$105 per tonne over the next two years, and to fall slightly in 2015 and 2016 on weaker Chinese demand and competition from cheaper oil. But high operating costs will support the fuel at US$90 per tonne...

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MONGOLIA: Prophecy Coal appoints chief financial officer and corporate secretary

(EnergyAsia, November 8 2012, Thursday) — Prophecy Coal Corp, a Canadian company which is developing coal and power projects in Mongolia, said it has appointed Jeffrey Mason as chief financial officer and Samir Devendra Patel as corporate secretary. The Vancouver, British Columbia-based company described Mr Mason as a chartered accountant with over 20 years’ experience (more…)

INDONESIA: Marubeni starts up coal-fired power plant on Java Island

(EnergyAsia, November 8 2012, Thursday) — An international consortium led by Japananese trading house Marubeni has started commercial operation of a 660MW Cirebon coal-fired power plant on Indonesia’s Java Island. The US$850-million plant in West Java will supply electricity to Bali and Java for 30 years, said Marubeni, which owns a 32.5% stake in the (more…)

INDIA: Coal India Limited and power companies remain deadlocked over new supply agreement

(EnergyAsia, November 8 2012, Thursday) — Despite the government’s orders and the possibility of further nationwide power blackouts, Coal India Limited (CIL), the world’s largest coal producer, remains deadlocked in negotiations with many of the country’s power companies over a new fuel supply agreement. CIL, which accounts for 80% of India’s domestic coal production, has...

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AUSTRALIA: India worries over Galilee Basin coal propsects

(EnergyAsia, November 8 2012, Thursday) —- Mired in a worsening power crisis blamed largely on coal supply shortages, India may have further cause for worry if the proposed development of the massive Galilee Basin coal deposits in Australia’s Queensland state fails to take off. The barriers to development of the 247,000-sq km area, with an...

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INDIA: New minister faces uphill fight to solve power crisis, coal supply issues

(EnergyAsia, November 7 2012, Wednesday) — India’s newly appointed power minister Jyotiraditya Scindia has promised to untangle the Gordian knot of coal supply and pricing issues that is strangling the nation’s once-booming economy through a largely self-made power supply crisis. Appointed to one of the most troubled portfolios in a Cabinet reshuffle last month, the...

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INDIA: Coal imports surged 18% in April-September period

(EnergyAsia, November 7 2012, Wednesday) — Despite its slowing economy, India’s coal imports surged 18% to nearly 64 million tonnes for the first half of the current financial year from April 1. Industry officials are not surprised by the apparent contradiction between fast-rising coal imports and slowing economic growth as India’s domestic coal supply system...

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INDONESIA: Adaro Energy reports 4% decline in nine-month coal production, 5.8% drop in net revenue

(EnergyAsia, November 7 2012, Wednesday) — Weighed down by slower demand in China, Indonesia’s Adaro Energy said its coal production fell 4% for the first nine months of this year, causing net revenue to fall 5.8%. Indonesia’s second biggest coal miner said it produced 33.9 million tonnes during the period compared to 35.3 million tonnes (more…)

SINGAPORE: Prospects for nuclear energy dim, reliance on natural gas to grow

(EnergyAsia, November 7 2012, Wednesday) — The Singapore government has concluded the country isn’t yet ready to accept nuclear energy, setting the stage for further reliance on natural gas as its main energy source. After an extensive two-year pre-feasibility, the government has concluded the current state of nuclear technology may not be sufficiently safe or...

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VIETNAM: Japan’s MHI receives order to supply equipment for coal-fired power plant

(EnergyAsia, November 6 2012, Tuesday) — Japan’s Mitsubishi Heavy Industries Ltd (MHI) said it has received an order to supply equipment including a steam turbine and boiler to be installed in the 330MW Unit 2 of the O Mon 1 coal-fired thermal power plant now under construction in Vietnam. The equipment is being purchased by (more…)

RUSSIA: Mechel secured 24-billion rubles in credit lines

(EnergyAsia, November 6 2012, Tuesday) — Mechel OAO, one of Russia’s leading mining and metals companies, said it has secured long-term agreements with Russia’s Sberbank to open four credit lines for a total of 24 billion rubles for one of its key subsidiaries. (US$1=32 ruble). The credit lines for Southern Kuzbass Coal Company OAO are (more…)

ASIA: Ministers agree on US$23 billion plan to boost Central Asia links

(EnergyAsia, November 6 2012, Tuesday) — Ministers of the 10 Central Asia Regional Economic Cooperation (CAREC) programme nations have agreed on a plan to implement more than US$23 billion in new regional transport infrastructure projects along with energy and trade initiatives. Meeting in the Chinese city of Wuhan last week, the group will work on (more…)

INDIA: Power companies hobbled by coal delivery delays, but government remains paralysed to act

(EnergyAsia, November 6 2012, Tuesday) — India’s Power Ministry is continuing to press the coal industry to speed up the allocation and delivery of feedstock, warning there could be a repeat of the July 31 world record blackout that affected 650 million people across large parts of the country. Coal accounts for 65% of the...

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AUSTRALIA: Gas growth to slow as coal continues to dominate, predicts RepuTex

(EnergyAsia, November 5 2012, Monday) — The continued operation of Australia’s most polluting coal-fired power plants will slow the take-up of natural gas across the country, predicts carbon analytics firm RepuTex. Coal’s affordability and dominance will result in lower profitability for operators of natural gas-fired power plants, discouraging their transition to the use of the (more…)

INDIA: Electricity authority warns of power crisis again as coal stockpiles plunge to critically low levels

(EnergyAsia, November 5 2012, Monday) — Having suffered the world’s largest power blackout affecting some 650 million people just over three months ago, India could yet be hit with further power supply disruptions as it is running low on coal feedstock. India relies on coal to generate around 60% of its electricity, and now 35...

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SINGAPORE: Solar, renewable energy companies make major announcements at recent SIEW event

(EnergyAsia, November 5 2012, Monday) — At least seven companies involved in the solar and renewable energy sector made major announcements at the Singapore International Energy Week (SIEW) which took place on October 22 to 25. Trina Solar, MEMC, Juwi, ReneSola, Saint-Gobain, GL Hassan and Yingli Solar issued statements related to their plans and operations (more…)