Indonesia denies reports of possible coal export quotas

Indonesia has denied that it will set a quota for coal exports as it wants to reserve the coal for future use. The reports had prompted rising interest in the country’s natural resources from energy-hungry China and India. The reports were baseless and the new mining law likely to be passed by Parliament by June would in fact provide more certainty for mining companies, said Simon Sembiring,... 

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BHP Billiton to spend 1.85 bln dlrs to expand iron ore capacity

Resources giant BHP Billiton Friday said it will invest 1.85 billion US dollars to expand capacity at its western Australian iron ore operations amid increasing demand from China. ADVERTISEMENT The investment will allow the company, the world’s largest diversified miner, to increase production to 155 million tonnes per annum from 2010. The group has already completed two earlier expansion projects... 

Sumitomo, Sojitz May Join Project to Develop Siberia Coal Field

Sumitomo Corp., Japan’s third-largest trading company, is considering teaming up with a Russian partner to develop a coal field in Siberia that could help to meet growing demand for the fuel from Japanese steelmakers. Russian companies will take the lead in developing the Elga deposit in Russia’s Republic of Sakha (Yakutia), Sumitomo Managing Executive Officer Michihisa Shinagawa said on... 

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