Shenhua Group

5 news results for the tag: Shenhua Group.

Yanzhou Coal sees 2007 exports lower, capex higher

April 23rd, 2007

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, [...]

China Coal to be listed in HK

September 23rd, 2006

China National Coal Group Corp. (China Coal), the country’s second largest coal producer, aims to be listed on the Hong Kong stock exchange in mid-November this year.
China Coal plans to raise 1 billion U.S. dollars through its initial public offering in Hong Kong, according to Friday’s Beijing News.
According to the corporation’s 11th Five-Year (2006-2010) development [...]

China Shenhua aims to become world’s largest coal producer

August 29th, 2006

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, [...]

China reins in fast growth of coal-to-liquid fuel projects

July 30th, 2006

China has raised the capital threshold for projects converting coal to liquid fuel to brake a possible overheating in the coal-chemical industry, as excessive development of the fossil fuel pollutes the environment and strains the water supply.
On July 7, the National Development and Reform Commission (NDRC), China’s industrial watchdog, issued a circular requiring local governments [...]

Xstrata, Japan agree steady Australia coal price

July 8th, 2006

Coal miner Xstrata Plc has agreed with major Japanese utilities to keep its Australian thermal coal prices steady this year at about $52.50 a tonne, setting a likely industry benchmark after drawn-out talks.
The price for supplies in the Japanese fiscal year to March 2007, coming more than three months after it was meant to have [...]


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