|
|
|
Peabody Energy Approves Wilpinjong Expansion in Australia |
 |
 |
 |
|
Thursday, 26 August 2010 15:30 |
|
Peabody Energy has approved expansion of the Wilpinjong thermal coal mine in New South Wales, which is expected to increase production by 2 to 3 million tons annually beginning in 2012. Capital investment for the project is expected to total approximately $90 million, which includes approximately $20 million targeted for 2010. Expanded production from Wilpinjong, which is among the lowest cost mines in the country, will serve export markets using new port capacity from the recently commissioned Newcastle Coal Infrastructure Group (NCIG) terminal. In 2009, Wilpinjong shipped 8.3 million tons and is among a portfolio of Peabody operations in Queensland and New South Wales that is targeted to ship 27 to 29 million tons this year.
|
|
Read more...
|
|
China Shenhua Coal Output Rises |
|
|
|
|
Thursday, 26 August 2010 15:29 |
China Shenhua Energy Co.’s coal production for the first half rose 3.2% year-on-year to 109.2 million metric tons (mt), China Daily reported. China Shenhua’s coal sales for the same period were up 11.6% at 137.4 million mt while exports fell 4.9% to 5.8 million mt. In June, Shenhua said commercial coal production fell 3.3% to 17.7 million mt while sales rose 18.5% to 26.3 million mt.
|
|
|
Leighton to Increase Coal Production in Mongolia |
|
|
|
|
Thursday, 26 August 2010 15:29 |
|
Sydney-based contracting and project development group Leighton Holdings has secured A$700 million contract adjustment to increase production at the Ukhaa Khudag coal mine in southern Mongolia. According to Business Review Australia, Energy Resources LLC has requested Leighton Asia to expand the production capacity at its UHG coal mine in the South Gobi region of Mongolia. The contract adjustment will ramp up production rates from current levels to 15 million metric tons (mt) per year by January 2013. Leighton Asia was awarded the mining contract for the UHG mine in February 2009. Coal production began in April 2009 with total production of 1.8 million mt at the end of 2009. Earlier in July, Leighton Holdings won A$629 million worth of projects in India.
|
|
Read more...
|
|
Mitsui May Take Stake in Russian Coalfield |
|
|
|
|
Thursday, 26 August 2010 15:28 |
Japan’s Mitsui & Co. may buy a large Siberian coal deposit from United Industrial Corp., owned by Russian businessman Sergey Pugachev. According to Dow Jones, a delegation from Tokyo-based trading company Mitsui visited Russia to examine the development of the Yelegestskoye coalfield, which is owned by a United Industrial’s subsidiary EPC. The mine holds 946 million metric tons of coking coal. Pugachev’s United Industrial Corp. is seeking cash to support his banking arm International Industrial Bank. United Industrial, which signed an agreement with Mitsui in 2008 to develop the Yelegestskoye coalfield, said it intends to keep a stake in EPC. United Industrial also said it is in talks to sell a stake in EPC to China’s Shenhua Energy Co.
|
|
|
|
|
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>
|
|
Page 1 of 27 |
