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48 Posts
Pagina: «« 1 2 3 »» | Laatste | Omlaag ↓
  1. forum rang 6 haas 12 september 2011 23:08
    THAI coalminer Banpu has made a $423 million offer to acquire the remaining shares of locally listed Hunnu Coal that it doesn't already own.

    Banpu will pay $1.80 per share, which is a 30 per cent premium to Hunnu's last traded price of $1.385 on Thursday.

    Banpu owns about 12 per cent of Hunnu, which has several pre-development coal projects in Mongolia.

    Hunnu has 246.1 million outstanding shares and 28.3 million options. The offer values Hunnu's fully diluted equity at $477m, Banpu said in a statement to the Stock Exchange of Thailand.

    Banpu's offer -- "at a significant premium" -- was made largely because of "the strong prospects of Hunnu's coking and thermal coal deposits", Banpu chief executive Chanin Vongkusolkit said.

    A Hunnu Coal spokesman in Sydney said the board had unanimously recommended shareholder acceptance of the offer in the absence of a superior bid.
  2. forum rang 6 haas 16 september 2011 01:54
    goed werk: Elektriciteitscentrale naast steenkolenmijn.......

    VANCOUVER, BRITISH COLUMBIA--(Sept. 15, 2011) - Prophecy Coal Corp. ("Prophecy") (TSX VENTURE:PCY)(OTCQX:PRPCF)(FRANKFURT:1P2) (the "Company") announces today that its Chandgana Power Plant Project ("Project") has been officially endorsed by the Mongolian Ministry of Natural Resources and Energy. The Mongolian Energy Regulatory Authority ("ERA"), in charge of power plant license issuance, has received the endorsement and is expected to issue a final response to Prophecy's license application in Q4, 2011.

    The request for licensing of "Construction of Energy Buildings and Installations", submitted by East Energy Development LLC, a wholly-owned Mongolian subsidiary of Prophecy, in April, 2011, was determined to be in full conformity with Clause 2 of Article 12, Energy Law. The company has undergone a rigorous power plant permitting process, which included Environmental Impact Assessment approval by The Mongolian Ministry of Nature and Environment, and support from the Mongolian Scientific and Technical Council. The power plant will be built right next to Prophecy's permitted Chandgana Tal Coal Project.

    www.vantagewire.com/blasts/20110915pcy/

  3. forum rang 6 haas 20 september 2011 05:38
    India, China acquire coal assets in Queensland
    September 20, 2011 12:00AM

    ALMOST all the coal in Australia's next major coalmining area, the Galilee Basin in central Queensland, has already been sold to Indian or Chinese interests, three years before mining is due to start.

    Hancock Coal has announced it would be selling 79 per cent of its interests in the proposed Alpha coalmine in the Galilee Basin, 100 per cent of another mine, Kevin's Corner, and rail and port infrastructure to Indian company GVK Coal for $1.2 billion.

    Figures obtained by The Australian show that the five major projects proposed for the Galilee Basin have reported resources of 20.5 billion tonnes, of which all but 1.2 billion tonnes has already been contracted to Indian or Chinese companies.

    The GVK Coal purchase consists of three mines with 7.9 billion tonnes, as measured under the industry's Joint Ore Reserve Committee (JORC) standard. This is only slightly more than the Carmichael project bought by India's Adani (7.8 billion tonnes)
  4. forum rang 10 voda 22 september 2011 20:53
    GVK puts USD 10 billion tag on Hancock deal in first phase

    It is reported that phase one development of the suite of Hancock Prospecting coal mines in Queensland will cost an estimated USD 10 billion to develop mines producing up to 35 million tonnes of coal a year.

    Mr Sanjay Reddy chairman of the new Indian owner of the three mines of GVK said with the Indian company to retain majority control external investors were expected to put up as much as 25% to 30% of the total'.

    GVK agreed to pay USD 1.26 billion last week for the three steaming coal deposits owned by Hancock 79% of Alpha and Alpha West along with 100% of Kevin's Corner together with planned rail and port capacity.

    Mr Reddy said phase one is scheduled to commence production in 2014 reaching maximum output by 2017. The environmental impact statement is due to be lodged over the next six months with the mining lease to follow.

    He said coal buyers along with traders and other investors were expected to take direct equity stakes in the project with little difficulty anticipated in raising the debt portion. The equity was expected to be finalized over the next six months.
    He added that ''Once the equity is tied up, the debt will follow.”

    Letters of intent are held with north Asian customers for an estimated 45 million tonnes of coal exports a year, with GVK expected to take a further 20 million tonnes annually for use in its power stations in India.

    (Sourced from www.smh.com.au)
  5. forum rang 10 voda 22 september 2011 20:59
    Patriot Coal Corp share price target cut to USD 16 by analysts at Goldman Sachs

    Patriot Coal Corp logoEquities research analysts at Goldman Sachs lowered their price target on shares of Patriot Coal Corp to USD 16.00 in a research issued note to investors on Tuesday.

    Separately analysts at Deutsche Bank cut their price target on shares of Patriot Coal Corp to USD 21.00 in a research note to investors on Monday. Analysts at BB&T downgraded shares of Patriot Coal Corp from a buy rating to a hold rating in a research note to investors on Friday. Also, analysts at FBR Capital cut their price target on shares of Patriot Coal Corp from USD 25.00 to USD 23.00 in a research note to investors on Friday, September 9th. They now have an outperform rating on the stock.

    Patriot Coal Corporation (Patriot) is a producer of coal in the eastern United States, with operations and coal reserves in Appalachia and the Illinois Basin. It is also a producer of metallurgical coal. The Company’s operations consist of 14 mining complexes which include company operated mines, contractor-operated mines and coal preparation facilities.

    One of its mining complexes is located in northern West Virginia, 12 are located in southern West Virginia and three are located in western Kentucky. Patriot ships coal to electric utilities, industrial users and metallurgical coal customers via various company owned and third-party loading facilities and multiple rail and river transportation routes. In January 2009, the Company closed its Jupiter mining complex.
  6. forum rang 10 voda 22 september 2011 21:12
    Japan LNG and thermal coal imports rise to record in August

    Bloomberg reported that Japan imports of liquefied natural gas and thermal coal rose to a record in August because of low utilization rates at nuclear power plants.

    According to data released today by the Ministry of Finance the nation LNG imports climbed 18.2%YoY to 7.55 million tonnes while thermal-coal imports increased 7.1% to 10 million tonnes.

    According to the federation the operating rate for nuclear power plants fell to 26.4% in August, the Federation of Electric Power Companies announced last week. It was the lowest since the federation started compiling data in April 1977. Power generation at thermal plants rose 8.2% while total electricity output by utilities dropped 12.1% on lower temperatures and efforts to conserve energy.

    (Sourced from Bloomberg)
  7. forum rang 6 haas 28 september 2011 23:07
    CHINA'S Yanzhou Coal Mining will pay $296.8 million for a coal mining business owned by Wesfarmers.

    The Premier Coal business in south-west Australia marks the largest Australian acquisition by Yanzhou since its $3.5 billion takeover of Felix Resources in 2009, and the latest move in a takeover drive ahead of the company's planned re-listing on the Australian market next year.

    Last month, Yancoal spent $222m acquiring privately owned miner Syntech Resources, and earlier this year it paid $US250m ($253.1m) to IMC Resources for a 30 per cent stake in its Ashton coal mine.

    Premier produces about 3.5 million tonnes of coal every year; the majority is sold to government-owned utility Verve Energy and smaller quantities go to industrial companies including mineral sands miner Iluka Resources.
  8. forum rang 6 haas 16 oktober 2011 23:34
    BHP Billiton, the world's biggest mining company, is considering a $US6 billion ($5.86bn) takeover of a US coal producer to support its view that supply of the sought-after commodity will be scarcer than iron ore in the next decade.

    Speculation from London yesterday suggested that the global major, fresh from receiving approval this week for its $30bn Olympic Dam copper and uranium expansion in South Australia, was circling Walter Energy, the world's largest producer of coal used for steelmaking
  9. forum rang 6 haas 24 oktober 2011 09:49
    Queensland's coal mines are still struggling from high water levels, but iron ore and thermal coal production in New South Wales is strong, according to the Treasury.

    In its latest quarterly economic round-up released on Saturday Treasury said QLD's coal operations would continue to be hurt by last summer's weather right through to the end of 2011.

    "General indications are that coal operations in Queensland will continue to be affected throughout the rest of 2011, although this is not expected to affect the broader recovery in the sector," it said.

    According to the report some mine dewatering operations were dragging on "for longer than originally expected".
  10. forum rang 6 haas 5 december 2011 04:29
    COAL miners Whitehaven Coal and Aston Resources are in discussions over a potential $4.65 billion merger, the companies said today.

    Any deal would lift a combined company to the first rank of Australian coal producers.

    Whitehaven plans to be mining 15 million tonnes a year by 2015 while Aston hopes to build up to 12 million tonnes a year by the same date. That would give the two miners combined output comparable to that of Peabody Energy's Australian operations, which accounted for 27 million tonnes in 2010.

    Both companies said the talks to create a "merger of equals" between the miners were "incomplete". In a statement, Whitehaven managing director Tony Haggarty said the discussions are at an early stage and there is no guarantee of success.

    "It is unclear at this stage as to whether the terms of any such potential transaction would be suitable to put to Whitehaven shareholders," he said.
  11. forum rang 6 haas 26 december 2011 09:44
    URUMQI - China has discovered an 89.2-billion-ton coal reserve at Sha'er Lake in northwest Xinjiang Uygur autonomous region, which experts say is the largest of its kind in Asia.
    "We have submitted an exploitation plan for the super-large coal field to the central authorities. Once approved, the exploitation will officially begin," Wei Cheng, deputy director of the Sha'er coal field excavation headquarters, said Thursday.
    Prospecting experts have spent a year calculating the coal field's reserves, Wei said.
    "The coal's quality is fine, with low sulphur, low phosphorus, low ash, high caloricity and relatively fewer harmful elements," he said.
    Reports estimate there are coal reserves of over 2 trillion tonnes in Xinjiang, or about 40 percent of China's total coal reserves.
  12. forum rang 10 voda 11 januari 2012 16:42
    130 billion tonnes of new coal reserves discovered in Xinjiang in 2011

    According to Mr Zeng Xiaogang head of the Bureau of Geology and Mineral Resources in the Chinese autonomous region of Xinjiang, in 2011 a total of 13 new coal deposits were discovered in the region, amounting to an aggregate of 130.7 billion tonnes of new coal reserves.


    The total investment in the relevant coal mining projects has reached CNY 9.266 billion.

    According to Mr Zeng, in 2011 Xinjiang also discovered 11 large and medium-sized iron ore mines, with total new reserves reaching 300 million tonnes.

    (Sourced from SteelOrbis)
    Visit www.steelorbis.com for more
  13. forum rang 10 voda 25 januari 2012 16:52
    Russia could boost coal output 40pct to 430 million tonnes by 2030 - Mr Putin

    Interfax citing Mr Vladimir Putin Prime Minister of Russia as saying that a coal industry development program could enable Russia to boost output of the fuel by 40% to 430 million tonnes by 2030.

    He said that but problems with the shipment of the coal need to be resolved. He added that "The fundamental modernization of existing railway lines is needed."

    Mr Putin said also, a self-regulating organization along the same lines as the power sector's Market Council needs to be set up to coordinate work and achieve a balance of interests between rail freight market participants.

    Mr Putin gave instructions to the Economic Development Ministry, Finance Ministry, Transport Ministry and Health and Social Development Ministry to work on the issue of investing the funded part of pension savings in long-term infrastructure bonds as a standby option to finance railway infrastructure development.

    Mr Sergei Shmatko Russian Energy Minister said during the meeting that production of coking coal should run to 132 million tonnes during the development program and that of concentrate to 84 million tonnes. The Russian market will need 47 million tonnes of concentrate at most.

    He said that Russia domestic coal market amounts to 219 million tonnes. Coal exports eastwards will increase from 32 million to 85 million tonnes under the program.

    (Sourced from Interfax)
  14. forum rang 10 voda 25 januari 2012 16:53
    Euro coal dips as China holiday hits demand

    Reuters quoted traders and utilities said prompt European physical coal prices dipped by around 50 cents on Monday as the absence of Chinese players due to the New Year holiday began to be felt.

    They said minimal European demand and a hiatus in Chinese buying should be strong enough factors to pull DES ARA European prices below the support level of USD 100 a tonne during the next two weeks from USD 105 currently.

    Traders said oil strength is expected to limit coal potential to fall due to weak fundamentals but with key buyers out of the market some further price falls were highly likely in the very near term.

    Firm oil prices mostly due to supply concerns have masked the effect of poor coal fundamentals. Oil retreated on Wednesday as optimism, spurred by talk the IMF may do more to help resolve the European debt crisis, proved shortlived with a gloomy demand outlook pressuring prices.

    The FOB benchmarks for South African and Australian coal have been more robust. South African prompt cargoes have been bid higher by players counting on resumption soon of Chinese buying while Newcastle prices tend to be resilient while annual contracts with end-users are being negotiated.

    Traders said coal API2 and API4 swaps saw the quietest trading day of the year so far.

    One European trader said "Swaps have done almost nothing a lot of people are not around by 0930 GMT only one trade had taken place."

    A utility source said "Today is the first day of the Chinese New Year and the buyers there are totally absent, won't be back for two weeks so that taken some support away from prices."

    He added that "A few aggressive players are bidding up South African prompt cargoes in the hope that Asian buying will return after the New Year but European demand looks appalling."

    (Sourced from Reuters)

  15. forum rang 10 voda 25 januari 2012 16:55
    Guangxi becomes China largest coal importer

    It is reported that ports in China southwestern Guangxi Zhuang autonomous region surpassed their counterparts in neighboring Guangdong province to boast the country largest throughput of coal imports in 2011.

    The customs authority in the regional capital of Nanning said that ports in Guangxi recorded a total throughput of over 27 million tonnes of coal in 2011 up by 61.3%YoY and accounting for 15% of China total.

    Guangxi is not a coal production region. With increasing demand for power from local industrial users, coal imports have grown fast as the draught hit area struggles to meet capacity through hydropower.

    China largest coal producer China Shenhua Group Co Ltd signed an agreement with the Guangxi regional government late last year to build Asia largest thermal power project in Beihai city. It will boast eight power generators with a capacity of one million KW each in five years.

    Mr Zhang Xiwu chairman of Shenhua said Guangxi lacks coal mines but has deep-water ports. To ensure industry's supply of raw materials, Guangxi needs to build four docks with a handling capacity of 100,000 tonnes each to allow Shenhua cargo ships to unload coal sent from the company mines in Indonesia and Australia.

    The customs figures showed that Guangxi coal was mainly imported from Vietnam, Indonesia and Australia last year. The province imports from Vietnam jumped by 42.8% in 2011 to 11.7 million tonnes. Customs officials attributed the rise to the price advantage of Vietnam's coal.

    (Sourced from www.china.org.cn)
  16. forum rang 10 voda 26 januari 2012 16:29
    Mr Putin pledges billions for Russian coal sector boost

    Reuters reported that Mr Vladimir Putin Russian Prime Minister standing for election in a March presidential poll pledged USD 8 billion in development aid for the coal industry during a visit to a major mining region, a hotbed of political protest in the past.

    He said Russia will spend RUB 252 billion on coal industry development by 2030 as part of an overall RUB 3.7 trillion investment program that will be driven by the private sector. He added that "The overall development of the economy, honorable colleagues and the increased effectiveness of the coal sector allows us to draw up such large scale plans."

    The Kuznetsk Basin is Russia largest coal producing region, mining 192 million tonnes in 2011 or 57% of Russia total output of 336 million tonnes. Its miners played an instrumental role in the fall of the Soviet Union two decades ago when then-upstart politician Mr Boris Yeltsin aligned himself with their long running protests over wages and conditions to oppose Mr Mikhail Gorbachev platform.

    Tensions flared in the region as recently as May 2010 after more than 60 miners died in a series of methane gas explosions at coking coal miner Raspadskaya main mine.

    Riot police were deployed that month in the city of Mezhdurechensk, where the mine is located, to quell several days of protest by miners and their families. Mr Putin also paid a quick visit to the region which is tightly controlled by long serving governor and United Russia member Mr Aman Tuleyev.

    During Tuesday trip the prime minister, in power since 2000 and favored to win a six-year presidential term in the March 4 election, met with local officials and executives in Kemerovo, the Kuzbass administrative centre, as part of a three-day trip to Siberia and other provinces.

    He also met with relatives of the deceased from the 2010 accident and pledged to spend about RUB 500 million in federal research and development funds on mine safety this year.

    He said that "The funds will be spent on the development and introduction of modern mine-rescue and individual protection equipment."

    According to Russian industry consultancy Rosinformugol Russian coal mines are among the world most dangerous with a 2011 fatality rate of 0.15 for every million tonne mined. It said by comparison, Ukraine has about 1.0 fatality per million tonne while Australia has just 0.006 deaths.

    (Sourced from Reuters)
  17. forum rang 10 voda 7 februari 2012 17:22
    Glencore Xstrata plan wont hurt China coal market

    China Coal Transport and Distribution Association said that Chinese thermal coal producers are unlikely to oppose Glencore International Plc’s plan to combine with Xstrata Plc because the nation’s supply of the fuel is diverse.

    Mr David Fang a Beijing based director with the association said that “I don’t think there will be much impact on the domestic coal market.”

    Glencore proposed a merger with Xstrata, the world’s biggest thermal coal exporter, the companies said yesterday.

    Rising commodity demand from developing nations and the deteriorating quality of mineral reserves is spurring producers to combine and boost efficiency. Chinese coal customers are buying more coal from Indonesia and Mongolia after floods cut supply from Australia, where Xstrata has mines.

    Mr Fang said that “China’s coal imports are still increasing, but imports from Australia are on a downward trend.”

    Chinese steel mills opposed BHP Billiton Ltd’s failed takeover offer for Rio Tinto Group in 2007 arguing the combined company would have had too much control of the world’s iron ore market.

    (Sourced from Bloomberg)
  18. forum rang 10 voda 24 februari 2012 16:37
    Coal Consumption in China rises at fastest rate since 2005

    EIA figures show the massive boom in China's coal consumption through 2010. Coal use increased another 9.7% in 2011

    Energy consumption figures just released by the Chinese government underscore how quickly coal use is booming in China, a country that is already the world’s largest emitter of greenhouse gases.

    In 2011, China’s coal consumption increased by 9.7%, the most year-over-year growth seen since 2005. The country also saw a substantial increase in natural gas consumption, which climbed by 12% in 2011. The figures, released this week by the National Bureau of Statistics, show just how much work needs to be done in order to de-carbonize China’s rapidly growing energy system.

    There are a few positive trends to report, however. Overall energy consumption per unit of GDP declined another 2% continuing the 19.1% decline in energy intensity since 2005. In addition, solar installations increased by an astonishing 547% and wind installations grew by 48% last year.

    Non fossil fuels solar PV, solar thermal, wind, and hydro now account for 9.4% of China’s primary energy consumption. Officials expect renewables to make up roughly 11.4% of consumption by 2015 and energy intensity to decrease another 16% by 2015. China is also in the process of rolling out provincial greenhouse gas trading programs in an attempt to decrease emissions 45% by 2020 compared to 2005 levels.

    These developments are promising, but they still don’t stop China’s rapid growth in emissions. Assuming a business as usual approach to energy development, the International Energy Agency projects that by the mid 2020s, China’s emissions will double those in the United States.

    (Sourced from thinkprogress.org)

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