White Energy Company Limited confirmed that it has successfully produced upgraded coal at its binderless coal briquetting plant at Cessnock, New South Wales. Having completed construction eight weeks ago, key elements of the commissioning phase are now finalised with all relevant certifications for running the Plant being received at the end of last week. At the beginning of this week, the drying furnace...
PT Adaro Indonesia, the country’s number two coal miner, expects its coal production to increase by about 5 percent to 40 million tonnes this year, an Adaro shareholder said on Tuesday. Sandiaga Uno, whose investment fund Saratoga Capital owns 32 percent of the coal mining firm, said that Adaro is “still on track” to raise between $400-500 million in its initial public offering ,...
Scomi Marine Bhd’s increase in coal-carrying capacity by 76% in Indonesia should translate into an equivalent earnings contribution in the coming quarters, barring unforeseen circumstances, said chief financial officer Loong Chun Nee. She was referring to Scomi Marine taking delivery of 13 new vessels that serve its Indonesian operations along the Barito River in Southern Kalimantan. The vessels,...