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Coal Market News

BHP Group Scraps Planned $4.7 Billion Bid for Queensland Coal Rail Network

BHP Billiton Ltd. and a group of mining companies in Australia scrapped a proposed A$5.1 billion ($4.7 billion) offer for a state coal freight network, which the Queensland government plans to sell to the public this year. ... Click here for the full article

Source: Bloomberg
09 September 2010


NTPC Awards a Two-Year Coal-Purchase Contract to State Trading of India

NTPC Ltd., Asia’s second-largest power producer by market value, awarded a contract to import coal in the next two years to State Trading Corp. of India Ltd., a company official said. ... Click here for the full article

Source: Bloomberg
03 September 2010


Coal Vessel Queue at Newcastle Port `Unacceptably Long,' Adding to Costs

Port Waratah Coal Services Ltd., operator of two export terminals at Newcastle in Australia, said queues of ships waiting to load the commodity at the harbor are “unacceptably long,” causing higher costs for the industry... Click here for the full article

Source: Bloomberg
03 September 2010


China’s monster traffic jam: what it tells us about coal

China’s monster traffic jam tells us something clear about transport: Chinese people are buying lots of cars and the roads aren’t ready for them. In August alone the Chinese snapped up over 1.2m new vehicles.But the jam also tells another story - of China’s growing appetite for coal, specifically... Click here for the full article

Source: Financial Times
03 September 2010


Kangaroo Resources Says Essar Makes Bid for Indonesian Energy Coal Mine

Essar Group, controlled by Indian billionaire brothers Shashi and Ravi Ruia, is among the bidders for a coal mine in Indonesia, said Kangaroo Resources Ltd. ... Click here for the full article

Source: Bloomberg
02 September 2010


Coal India May Set Up Power Plants Because of Shortfall in Rolling Stock

Coal India Ltd., the world’s largest producer of the fuel, said it may be forced to set up power plants to use coal that’s piling up because there aren’t enough railway wagons to carry supplies to utilities. ... Click here for the full article

Source: Bloomberg
31 August 2010


Newcastle Coal Exports Fall; Ship Queue Lengthens

Aug. 31 (Bloomberg) -- Coal shipments from Australia’s Newcastle, the world’s biggest export port for the power-station fuel, fell by 11.5 percent last week while the queue of vessels waiting to load lengthened.... Click here for the full article

Source: Bloomberg
31 August 2010


Australian Current-Account Deficit Narrows as Iron Ore, Coal Exports Surge

Australia’s current-account deficit narrowed in the three months through June as exports of iron ore and coal surged. ... Click here for the full article

Source: Bloomberg
31 August 2010


China Shenhua to capitalise on strong spot coal prices

HONG KONG, Aug 30 (Reuters) - China Shenhua Energy Co Ltd (1088.HK: Quote), the world's most valuable coal producer, said it expects to raise the proportion of its sales from spot coal in the second half to take advantage of higher prices. ... Click here for the full article

Source: Reuters
31 August 2010


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