Coal Demand in India to Grow at a CAGR of 7.58% in the Next Two Years
Research and Markets has announced the addition of the “Indian Coal Industry” report to their offering. India is the third-largest producer and consumer of coal in the world. With proven reserves of 257.38 billion (Bn) tonnes, coal is one of the most abundant sources of energy in the country. In 2007, coal accounted for 51 percent of the primary energy consumed in the country. The coal...
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,...
Xstrata in talks to buy Macarthur Coal
Xstrata has jumped back into the global merger frenzy. It emerged yesterday that the miner is the mystery bidder that forced Macarthur Coal, Australia’s largest independent coal producer, to announce 10 days ago that it had been approached about a possible takeover. Macarthur and its top two shareholders, who it admitted had also been approached, have kept silent about the identity of its suitor...
Indonesia plans to limit mining areas
Indonesia plans to limit the area that metal and coal miners can explore to prevent domination by a few companies, a legislator said on Monday, a move analysts said could hurt already poor levels of investment. Indonesia has some of the world’s largest deposits of coal, copper, tin, nickel and gold, and is keen to earn more from the sector, particularly as strong demand from China and India is...
Red Hill Energy Inc.: NI 43-101 Report and Assays Completed on the Chandgana Khavtgai Project Confirms Large, High Quality Thermal Coal Discovery in Mongolia
March 26, 2008) – Red Hill Energy reported today that further to the December 21, 2007 news release, a National Instrument 43-101 report and assay results have been received by the company on its very significant Chandgana Khavtgai coal project. All three of Red Hill Energy’s coal resources are now National Instrument 43-101 compliant as to tonnage and quality. The National Instrument 43-101...
Coal Surge Seen by Mobius as China’s Imports
Coal is poised to rebound from a two-year slump as China buys more than it exports for the first time in history. Power use in China, the world’s biggest coal producer, is rising 13 percent annually, and utilities are building plants at a record pace. The nation gets 78 percent of its electricity from coal, spurring imports from Australia, Indonesia and Vietnam. “The coal sector in China...
Indonesia Could Become World’s Top Exporter of Coal Used to Generate Electricity This Year
Indonesia has quietly become the world’s second-largest exporter of coal used to generate electricity and could potentially challenge Australia for the top spot this year, analysts and industry officials say. But growing domestic demand for energy in Indonesia and stagnating foreign investment have cast doubt on the country’s ability to take advantage of expanding demand for coal in its...
China Coal up 13 pct in HK debut
Shares of China Coal Energy Co. rose about 13 percent in their Hong Kong debut on Tuesday, underperforming some recent IPOs as investors cooled towards the resources sector. Shares of state-backed China Coal, the industry No. 2, traded at HK$4.56, compared with an IPO price of HK$4.05 after it raised US$1.69 billion from a deal priced at the top of a range. The early performance failed to match that...
China Gathers Key Asian Energy Consumers, Seeking Influence on Pricing and Supplies
Energy ministers from the U.S., China, India, Japan and South Korea are gathering in Beijing Saturday for a meeting aimed at boosting China’s influence over key energy markets while alleviating worries over its huge and growing appetite for oil. The talks, hosted by China’s top economic planner, Ma Kai, are part of a broad diplomatic offensive intended to foster closer cooperation among...
Magnus International Resources Acquiring African Mineral Fields to Explore Mineral Opportunities in Africa
Magnus International Resources, Inc. announced today that it has entered into a letter of intent to acquire African Mineral Fields, a company which holds an exclusive option to acquire 100% interests in four gold projects in Uganda. The acquisition comes as part of Magnus’ decision to expand its mineral portfolio into Africa, which holds 55% of the known global gold resource and is experiencing...
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Philex Gold Receives Interim Order for Transaction With Philex Mining Corporation
Philex Gold Inc. announced that it has obtained an interim order from the Ontario Superior...
American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter...
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