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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.
Coal Shipment From Newcastle Port Decline, Coal Mine Exports Fall 25%
Coal shipments from Australia’s Newcastle, the world’s biggest export harbor for the fuel, fell 25 percent last week while the number of vessels waiting outside the port also declined.
Analysist Mining and Industry Sector : China’s Industry Sector Reopen Coal Mine Import After Deal Coal Prices Contract
A months-long dispute between Chinese coal miners and power generators over annual prices has unexpectedly opened the door to rising imports, despite lacklustre demand and a supply glut.
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.
Mining Company, Xstrata To Accept a Cut in Prices Coal Mine Contract in Japanese Utilities
Xstrata Plc, the world’s biggest exporter of power-station coal, has been forced to accept a cut in prices for annual calendar-year contracts for the fuel with Japanese utilities, Citigroup Inc. and Merrill Lynch & Co. said.
Production and Export of Coal Mine Expected to Increase at Newcastle Port Next Year
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, snapped a four- week losing streak, gaining amid forecasts for demand to continue to rise next year.
Australian Coal Mine Port, Newcastle Plan to Help Triple Coal Exports
Australia’s Newcastle port, the world’s biggest coal-export harbor, will be able to triple shipments from existing levels under a proposal by the state government to end a deadlock on access to port capacity.
Coal Mine Exploration Company, Newcastle Coal Price Drops for a Fourth Week Amid Demand Slump
Power station coal prices at Australia’s Newcastle port, a benchmark for Asia, dropped for a fourth week, declining to the lowest in almost 14 months as demand from utilities weakened.
