An Australian government-owned fund manager company has expressed interest to invest in "infrastructure pieces" of Indian energy giant Adani's $21 billion controversial coal mine project in Queensland.
Chief executive of QIC Damien Frawley said the company, whose major clients include defined benefit superannuation scheme for Queensland public servants, was keen to explore infrastructure opportunities around the state.
Even though theRead more
Coal India Ltd., the world’s biggest miner of the fuel, said it will pay a dividend of Rs1.15 a share, its second payout in less than a month.
The payment will amount to Rs7.13 billion ($109 million), according to Bloomberg calculations based on a stock exchange filing on Sunday. The Kolkata-based company has set March 29 as the record dateRead more
India’s Adani Group plans to begin extracting coal from the $16.5 billion Carmichael project in Australia in 2020 after environmental protests had delayed the first phase of the mine.
The company will begin work on the project three months after it gets final approval from Australia’s federal government, Gautam Adani, billionaire chairman of the Indian group said on Friday. AdaniRead more
Indonesia will exceed its coal production target for another year as miners cash in after prices recovered from a five-year collapse.
The world’s biggest exporter will produce about 489 million metric tonnes this year, 18 per cent above the government-mandated target, according to energy ministry forecasts. That’s up from last year’s output estimated at 434 million tonnes and would beRead more
US President Barack Obama’s administration has launched a new complaint against Chinese aluminum subsidies at the World Trade Organization (WTO), accusing Beijing of artificially expanding its global market share with cheap state-directed loans and subsidized energy.
The complaint, which seeks consultations with Beijing on the matter, is likely to add to rising trade tension between the world’s two largest economiesRead more
Alexandria port received Monday a vessel, coming from Panama, laden with 50,000 tons of coal.
According to Spokesman for Alexandria Port Authority Reda al Ghandour, the ship was unloaded following verification and finalizing customs procedures.Read more
The death toll of a fatal coal mine explosion in northwest China's Ningxia Hui Autonomous Region has risen to 18, local authorities said.
According to an initial investigation, the explosion was caused by "illegal mining", local media reported Wednesday. The explosion occurred Tuesday at a small coal mine, which belongs to Linli Coal Mining Co. Ltd. in Shizuishan City. TwentyRead more
China has plenty of policy tools and space to stabilize rapidly rising coal prices, the country's top economic planner said, as temporarily strained supply has prompted worries about capacity cuts.
"The current rise in coal prices lacks a market foundation and cannot last. China's coal supply will not see big problems," an unnamed official with the National Development and ReformRead more
Inner Mongolia plans to shut down 65 coal mines with a combined capacity of 54.1 million tonnes by 2020, a local official said Tuesday.
Wang Bingjun, head of the regional commission of economy and information technology, said 23 unlicensed coal mines have been ordered to close or stop construction.
Other mines have been ordered to run at 84 percent ofRead more
Zaityat port in Suez received Wednesday a ship coming from the Saudi port of Yanbu carrying 3,500 tons of butane gas, Spokesman of Red Sea Ports Authority Abdel Rahim Mostafa said.
Also, Safaga port received a ship coming from Spain loaded with 25,500 tons of mineral coal, Mostafa said.Read more