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Mining Companies Agreement, Aviva Corporation Sign Agreement With Canadian Coal Mine Producer
Aviva Corporation Limited announced that it had agreed to a merger with Canadian coal producer Northern Energy & Mining Inc.
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.
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.
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.
International Coal Ventures Talks With New Zealand-based Coal Mining Company for Coal Asset Buyouts
International Coal Ventures (ICVL), a vehicle floated by five public sector companies, is in talks with three New Zealand-based coal
mining firms — Te Kuha, Tatu and Coal Brookdale — and a US-based coal company Tennessee for buyouts worth $450-500 million.
India Central Government fixes 8% export duty on iron ore
The central government on Friday night is understood to have fixed an 8 per cent ad valorem duty on the export of iron ore fines, but Goan mine owners don’t see this as a respite.
Recently the Union government had announced export duty of Rs 200 per tonne of iron ore, while retaining 15 per cent [...]
Karnataka Power Corporation Limited Begins Import Coal-Mine
In a move to ensure sufficient fuel supply for its power generating stations, the State-owned Karnataka Power Corporation Limited (KPCL) has started importing coal from Indonesia.
According to Karnataka Power Corporation Limited sources, coal is being imported for a week now to tide over the sudden coal shortage caused due to heavy rains which disrupted mining [...]
Coal Mining Exploration Company, Semirara Sees Strong Profit Growth
Semirara Mining Corporation, the country’s largest coal producer, expects its net profit to rise more than 20 percent this year and coal revenues to jump as much as 56 percent mainly due to higher coal prices and increased exports, the company’s chief executive said Tuesday.
Semirara hopes to sustain its double-digit profit and coal revenue growth [...]
Mining Technology, Power Plant for Coal Mine Uses MEGTEC Technology
MEGTEC Systems, a unit of Sequa Corporation, announces the first power plant in the world to use MEGTEC’s innovative technology to generate electrical power by using coal mine ventilation air methane (VAM) as primary fuel. The power plant is now in full operation in Australia at the West Cliff Colliery of BHP Billiton, the world’s [...]
