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EGAT Unit Sets Up Coal Mining JV In Indonesia
State-owned Electricity Generating Authority of Thailand, or EGAT, Friday said its unit is entering into a coal mining joint venture in Indonesia.
EGAT’s overseas investment arm EGAT International Ltd. has signed a memorandum of understanding with Inter Mining & Energy Co., a Thai company, and Indonesia’s PT Beringin Coal Prakasa to jointly invest in the coal [...]
OZ Minerals Build Prominent Hill Copper and Gold Mine in South Australia
OZ Minerals new mining exploration, The company is building the A$1.1 billion Prominent Hill copper and gold mine in South Australia state and also seeking to develop mines in Queensland state, Indonesia and Canada as well as fund expansion at its Sepon operation in Laos. It’s studying acquisitions of as much as A$4 billion, Michelmore [...]
Mercator Lines Into The Coal Mining Business
Mercator Lines, which is possibly the only domestic shipping company to foray into the coal mining business, is now planning to acquire a 50 million tonne coal mine in Indonesia. Mercator expects to invest $50-75 million (approximately Rs 200-300 crore) for acquisition, a senior company official said.
He said that the company is evaluating acquisition options, [...]
Indonesian Mine Exploration Regulation Analysist : decentralization hits investment in mining
An ongoing dispute between the central and local governments over the disbursement of authority to manage licenses for mining operations is unlikely to be resolved any time soon.
The country’s mining sector has been plagued by overlapping mining regulations and weak coordination between central and local authorities.
Indonesian Mining Association (IMA) executive director Priyo Pribadi Soemarno told [...]
Oil Mine Exploration in Saudi Arabi, Army of Asian Workers Races to Finish Oil Oasis
Mining Investment and Exploration News, Deep in the Saudi desert, 28,000 Asian workers are racing to get a giant oil processing complex ready to help King Abdullah keep a vow to meet world demand for crude.
In a years time, the Al-Khurais field will be supplying 1.2 million barrels a day of Arab light crude to [...]
Asian Mining Exploration Expand, Tata Power Plan Coal Power Project at Jharkhand
Tata Power is also planning a 500-mw tubed coal power project at Jharkhand with captive coal mines. It has already formed a joint venture with Hindalco and Tubed Coal Mining for coal mining.
The company will also set up a 500 mw capacity captive power plant for Tata Steel in Jharkhand. Another 2,400 mw project will [...]
Sultan in talks with three foreign buyers for coal supply deals
Sultan Mining and Energy Development Corp. is talking to three foreign buyers for possible coal supply contracts as it plans to start exporting its output this year to take advantage of high prices.
At the sidelines of the company’s initial public offering (IPO) roadshow, Sultan chief operating officer Romina Lu said two buyers were from China [...]
Asian stocks close mostly up as China rebounds
Asian stocks closed mostly up Wednesday with Chinese stocks surging amid speculation Beijing will try to boost share prices following a plunge since last year.
The Chinese bourse closed 5.24 percent higher amid market talk that the authorities would step in to shore up share prices with the key Shanghai index languishing below the psychologically significant [...]
Asian Markets Close Higher; Nikkei Up 2.7%
The stock markets across the Asia-Pacific region closed higher on Monday as a stronger dollar buoyed exporters and a pullback in crude oil prices eased inflation fears. Japan’s Nikkei 225 index rose more than 2.7%, extending Friday’s 0.6% gains, while Shanghai closed in positive territory for the first time in eight days. Crude oil has [...]
