Maylion acquires further shareholding interest in East Energy Resources
Prior to the transaction, Maylion, an indirect wholly-owned subsidiary of Noble Group, held a 40.9% shareholding in EER, a coal exploration and development company.
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Prior to the transaction, Maylion, an indirect wholly-owned subsidiary of Noble Group, held a 40.9% shareholding in EER, a coal exploration and development company.
The index is designed to comprehensively and accurately reflect the coking coal price level and changes in China's production areas, provide a scientific price reference for domestic coking coal market transactions, and to promote the smooth and orderly operation of the industry.
American Electric Power is seeking spot delivery proposals for up to 225 000 t of coal.
Eskom's proposal to freeze salaries this year triggered industrial action, which interrupted coal deliveries to power plants and resulted in rolling load shedding for the first time since 2015.
“Aurizon must stop playing games with Queensland exports and revert back to normal rail maintenance,” says QCA.
Xcoal exported around 3.5 million tpy from Australia in 2017 and plans to increase this fivefold over the next few years through offtake agreements and investments in smaller mining projects.
BHEL has been awarded emission control equipment orders from Telangana State Power Generation Corporation Ltd., worth Rs 1000 Crore.
The threat of new import tariffs on US coal could see China move towards importing from Australia, Canada and Russia instead.
In the Queensland Resources Council’s latest State of the Sector report, 52% of resources chiefs said they would increase employment over the next quarter with 13% looking to increase employment ‘substantially.’
The contribution from mining royalties to the NSW Budget “highlights the importance of mining and its vital contribution to state and national economies,” says Minister for Resources and Northern Australia.
Hannover Re is the latest reinsurer to restrict investment in companies that derive more than 25% of annual revenues from thermal coal extraction and power generation.
Russian coal exports by rail hit an all time high in May, despite the ongoing rail maintenance that commenced in April.