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 [...]

China Coal Energy, the country’s No. 2 coal producer, is exploring investments in Australia and Indonesia while it doubles spending to ramp up production and feed the world’s largest coal market.
China Coal, the country’s largest coal producer after Shenhua Energy, also expected to export about as much of the hydrocarbon this year as it did [...]

China Coal Energy Co , the country’s No. 2 coal producer, plans to more than double capital spending in 2008 as it pushes a rapid production expansion plan.
Executive Director Yang Lieke told reporters on Thursday the firm intends to set aside 16.16 billion yuan to spend on its core coal and coal chemicals businesses this [...]

Coal prices for power generators at Australia’s Newcastle port, a benchmark for Asia, fell to a five-week low of below $125 a tonne, due to tepid spot market demand and increased supplies from China.
Thermal coal prices fell $5.22 from a week earlier to $124.36 a tonne, the globalCOAL’s NEWC weekly index showed in the week [...]

Mongolia’s Cabinet has decided to review a draft agreement on ownership of Tavan Tolgoi, a potentially huge coking coal project in the Gobi Desert that has attracted interest from some of the world’s biggest mining companies.
The decision means the Mongolian government will set up a working group to renegotiate ownership and investment rights for the [...]

China’s strong demand for coal and iron ore is adding to the upward pressure on freight rates, which have risen sharply as the ship line-up builds in Australia after storm disruptions early this month.
Industry officials and traders said there was no sign of a slowdown in Chinese iron ore demand, despite Beijing imposing tax changes [...]

Yanzhou Coal Mining Co. Ltd. , which posted a 17.6 percent fall in 2006 earnings, will cut exports by half in 2007 to 3 million tonnes due to higher domestic prices.
Director Wu Yuxiang said on Monday it aims to sell 8 percent more coal this year, or 37.5 million tonnes, including 3 million for exports, [...]

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 [...]

Listed Chinese coal companies are expected to outperform the broader market as China’s continued demand lifts spot prices in 2007, UBS metals and mining analyst Ghee Peh, said on Wednesday.
The average spot price of coal in China, the world’s largest producer and consumer of the fuel, is likely to rise 5 percent in 2007 compared [...]

Coal producers and power plants agreed to lift coal prices this year by an average of 30 yuan per tonne, or around 10 percent, state media reported, striking a deal for the first time without government intervention.
Shares in listed coal firms soared on Thursday on improved prospects for coal prices. China Shenhua Energy and [...]