Tag Archive | "coal"

India to Import Colombian Coal for First Time (Update1)

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India to Import Colombian Coal for First Time (Update1)
March 22 (Bloomberg) — Adani Enterprises Ltd ., India’s biggest coal importer, agreed to buy thermal coal from Colombia for the first time as surging electricity demand prompted diversification of purchases, an official said.

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Patriot Coal cuts deal to export to Asia

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Patriot Coal cuts deal to export to Asia
Patriot Coal says it’s landed a deal to export 1.5 million tons of metallurgical coal to Asia.

Read more on San Diego Union-Tribune

BHP ships Colombian coal to sate China

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BHP ships Colombian coal to sate China
BHP Billiton, Anglo American and Xstrata are shipping coal 10,000 miles to China from their Cerrejon mine in Colombia for the first time this year because of surging demand and rising prices in Asia.

Read more on The Age

Larsen plans to buy overseas coal mines

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Larsen plans to buy overseas coal mines
Larsen & Toubro Ltd, India’s biggest engineering company, may borrow as much as $4.4 billion to build a power-generation business and is considering buying coal mines in Australia and Indonesia to gain fuel supplies. Larsen’s utility unit may use debt to finance 80 percent of the 250 billion rupees ($5.5 billion) needed to build 5,000- mW of thermal power capacity, Ravi Uppal, managing director …

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