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Tata Power Plans To Buy Coal From Coal Mines In Mozambique
Largest electricity supply companies in India Tata Power plans to buy coal from coal mines managed by the Australian mining company Riversdale. Planned purchases of coal from Riversdale to secure the supply of coal as a fuel electricity.
Mining Companies Agreement Coal Mining Exploration in Moatize Coal Mine Review
Mozambican President Armando Guebuza on Friday laid the first stone for the construction of an open cast coal mine in Moatize in the western province of Tete, that will be operated by the Brazilian mining giant, the Companhia Vale do Rio Doce (nowadays known simply as Vale).
Australian Mining Company, Gleneagle Gold Ltd. Plans Major Coal Mining Companies in South African
Australia’s Gleneagle Gold Ltd plans to become a major player in South African coal after acquiring interests in the Waterberg coal field that contains about 50 percent of the country’s known reserves.
China Coal Mining Company, Yanzhou Coal Mining Co. Plans Take Over Felix Resources
Yanzhou Coal Mining Co.’s talks to take over Felix Resources Ltd., whose stock gained 9 percent last year, have stalled after price disagreements, two people with knowledge of the matter said.
Korea Electric Power Corporation Sign Contract Receives Coal Mine Delivery From Australia
Bloomberg reported that Korea Western Power Company one of six generating units of state run Korea Electric Power Corporation agreed to take delivery of some Australian coal under 2009 contracts for USD 80 a metric ton.
Citigold Plans Provide Acces To Gold Reef Mining Areas Significant Increase In Gold Mining Production
Citigold has advised that the advancement of the western decline will provide the planned access to additional gold reef mining areas from the current workings. These reefs are the Imperial reef and the Sons of Freedom reef.
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 [...]
China’s Coal-Fired Power Plants to Lose 70 billion yuan
Shenhua Group, China’s top coal miner, has signed term coal supply contracts for 2009 with three small power firms who will pay a little more than 10 percent above 2008 prices, but the country’s top five power generating groups remained locked in talks with suppliers.
The Biggest Mining Company, Rio Tinto Will Accept License Mine Exploration Free Carbon in 2010
The mining multinational Rio Tinto will be the biggest recipient of public support under the Federal Government’s carbon trading scheme, with $462 million in free carbon permits expected to flow to the company in 2010.
