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China National Coal Mining Company, Shenhua Enery Co. Plans Purchase Coal Mine From Mongolian
China Shenhua Energy Co Ltd, the nation’s top coal producer, yesterday said it was negotiating with the Mongolian government to purchase a coal mine in the country.
Strait Asia Resources Plans To Increase Coal Mine Production to 20 million tones by 2012
In Reuters news online reported, Singapore listed Straits Asia Resources aims to more than double its annual coal production to 20 million tonnes by 2012 and may acquire two Indonesian coal mines to achieve that target.
Coal Mining Exploration Forecast Probably not so hot anymore
The recent drop in the market price of coal from its record levels earlier this year will adversely impact earnings of Indonesian coal producers. Based on this factor, going forward, we expect weaker coal prices in line with the downtrend in oil prices, while higher supplies are expected on China’s higher exports as domestic consumption [...]
