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Chinese coke export price may go up

January 9, 2009: The sales price of Chinese coal coke appears to have reached the bottom.

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Coal imports show 17.1% CAGR in 2003-08

January 9, 2009: Coal imports recorded a compounded annual growth rate (CAGR) of 17.1 percent between 2003 and 2008.

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Coal exports through Richards Bay Coal Terminal drops in Dec

January 8, 2009: Coal exports through Richards Bay Coal Terminal (RBCT) in South Africa have declined by more than 9.7 percent in December 2008 as compared to the coal exports made during the same time a year ago revealed data published in the Tex Report.

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Coal shipments through Newcastle Australia 91.436 mt in 2008

January 8, 2009: Port Waratah Coal Services Ltd. (PWCS) which operates coal terminal at Newcastle has informed that shipment of coal through the port have totalled 8,383,000 tons in December revealed data in a Tex Report.

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China allocates 2009 coal coke EL to 37 exporters

January 8, 2009: The Chinese government released the first installment of export licence (EL) for 5,780,000 tons of coal coke in 2009.

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Spot deals of South African thermal coal realised

January 8, 2009: Four spot deals were realized on January 6, 2009 at the South African thermal coal market (physical RB) of globalCOAL.

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Peabody Energy announces production cuts

January 8, 2009: Peabody Energy announced that it is lowering its 2009 targets for Powder River Basin coal and Australian metallurgical coal production, due to the existing global recession.

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MCL targets 41 mt coal in 3 months

January 7, 2009: The targeted production of 104 million tons (mt) for 2008-09 - fixed by the Coal Ministry for Mahanadi Coalfields Ltd (MCL) - can only be achieved if its produces about 41 mt in the remaining three months of this fiscal.

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Thermal coal index prices remain weak in Dec

January 7, 2009: The month of December witnessed an interesting trend in the index prices of thermal coal.

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Coastal power projects may have to import 30% of coal needs

January 7, 2009: It has been suggested that any power project coming up within 150 km of a port be classified a 'coastal power plant.'

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CESC aims for financial closure of Orissa unit by 2010

January 7, 2009: CESC Ltd is targeting the end of 2010 for financial closure of its 1,000-MW, coal-based power plant at Neulapoi in Orissa's Dhenkanal district.

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Physical ARA (DES) deal of ACPRS coal realised

January 7, 2009: A physical deal was realised on January 5, 2009 at the thermal coal market of globalCOAL, ARA (DES) (delivered at Rotterdam) of ACPRS (Australian, Colombian, Polish, Russian and South African) coal for delivery in February 2009 at $85.

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Spot deal of South African thermal coal realised

January 7, 2009: On January 5, 2009 at the South African thermal coal market of globalCOAL (physical RB), a spot deal of 75,000 tons for delivery in March 2009 was realized at $82.00 FOB.

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SCCL in talks with Hindustan Global for JV

January 6, 2009: Public sector coal mining firm Singareni Collieries Company (SCCL) is in advanced talks with Hindustan Global Resources (HGR), an Australian firm owned by a group of non-resident Indians (NRIs) to set up a joint venture to get coal-to-briquette technology into India.

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Karnataka, Bhel speed up three power projects

January 6, 2009: In a bid to speed up the capacity to meet the steep demand for energy, the Karnataka government has advanced the development of three power projects (of 660 MW each) in collaboration with the Bharat Heavy Electricals Ltd (Bhel) during the Eleventh Plan period itself against its original decision to take them up in the Twelfth Plan.

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Annual coal contracts drop at Chinese meet

January 4, 2009: The Annual Coal Ordering Meeting 2009 at Fuzhou, China finished on December 27 after six days of talks with 50 percent less contracts signed.

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Coal mining contracts may change in Indonesia

January 4, 2009: Existing mining contracts are expected to be re-evaluated in Indonesia with respect to royalties and the size of mining areas.

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BPL Power seeks more coal linkage for Andhra unit

January 4, 2009: BPL Power Projects (AP) Pvt has sought additional coal linkage for its 2x300 MW Ramagundam thermal power project (TPP) in Andhra Pradesh.

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Consortium plans 10-mtpa coal terminal near Richards Bay

January 4, 2009: A 10-million tons per annum (mtpa) export terminal will be set up by a consortium adjacent to South Africa's Richards Bay Coal Terminal (RBCT).

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SCCL to set up 600-MW power unit

January 3, 2009 : Singareni Collieries Company Ltd (SCCL) will set up a 600-MW merchant power plant in the Jaipur mandal of Adilabad district at an investment of Rs 3,000 crore.

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