Indonesia actually has the potential to produce 6.7 billion tons of coal annually, but the available coal deposits in the country have not been optimally exploited, Secretary General of the Indonesian Engineers Association (PII) Arudji Phudri said here Monday.
The provision of energy in Indonesia should be oriented to the use of coal as a substitute [...]

China Shenhua Energy Co. Ltd will increase its coal output by 15 million tons annually within the next five years to make the company the world’s biggest coal producer, Shenhua’s top official said here Monday.
“By 2010, the company’s annual coal output is expected to exceed 200 million tons,” said Chen Biting, [...]

Chadian President Idriss Deby on Saturday ordered U.S. energy giant Chevron and Malaysia’s Petronasto leave his country within 24 hours for failing to pay tax as regulated, report reaching here from Chadian capital N’djamena said.
Deby told a government meeting that “the representatives of Chevron and Petronas must leave Chad and close [...]

The Ugandan government has contracted a South African company to carry out an airborne survey to detect the hidden mineral deposits across the east African country.
Fugro Airborne Surveys Ltd, a South Africa based company, has beaten two other bidders GPX Survey of Australia and GTK of Finland to win the contract [...]

A 24-hour deadline by Chad’s government for two major foreign oil companies to leave the country has expired.
President Idriss Deby ordered US firm ChevronTexaco and Malaysia’s Petronas, together responsible for 60% of Chad’s production, to quit the country.
Three government ministers have been sacked and may be prosecuted over the alleged non-payment of taxes by the [...]

Crude futures fell by nearly 2 dollars Monday as Tropical Storm Ernesto weakened and appeared to be tracking a course that would avoid Gulf of Mexico oil installations.
New York’s main contract, light sweet crude for delivery in October, fell 1.90 dollars at 70.61 dollars per barrel.
In London, [...]

U.S. workers’ real wages declined by 0.5 percent over the last year in most manufacturing sectors due to rising energy costs, a new labor report said Monday.
The U.S. economy has been steadily improving since the 2001 recession with a 4 percent annual growth rate during the first half of the year and a record low [...]

Daewoo Securities Co, Ltd from South Korea in cooperation with local company PT Basmal Utama is currently exploting coal reserve in the district of Bungo in the Sumatran province of Jambi with production set to reach 60,000 tons per month.
The company on Saturday launched its first export of coal to South Korea on Saturday, witnessed [...]