Category Archives: Energy

Mining giant BHP’s first-half profit soars 83 percent

Sydney (AFP) – Global mining giant BHP Billiton said Tuesday first-half net profit soared 83 percent to US$8.1 billion on the back of strong production across its iron ore, coal and petroleum businesses.

The result for the six months to December 31 was above expectations and compared to US$4.2 billion in the previous corresponding period, with revenues climbing 5.9 percent to US$33.95 billion.

Read more at: http://news.yahoo.com/mining-giant-bhp-39-first-half-profit-soars-215628600.html

Indonesia to Limit Coal Production This Year to Support Prices

Indonesia will cap coal output at about 400 million metric tons this year, 5 percent less than 2013’s level, to stem declining prices, the government said.

The country will enforce sanctions against companies that mine more coal that approved, according to Edi Prasodjo, Coal Business Director at the Energy and Mineral Resources Ministry. Penalties include suspensions and cuts in production allocations for the coming year, he said in an interview on Feb. 7.

Read more at: http://www.bloomberg.com/news/2014-02-10/indonesia-to-limit-coal-production-this-year-to-support-prices.html

TAQA GETS INTO WASTE TO ENERGY – STARTING WITH 100 MW ABU DHABI PLANT

The Abu Dhabi National Energy Company, Taqa, is continuing to move forward with its plans to develop a 100 MW, mass burn waste to energy facility near the sea port in Mussaffah and sees potential to grow globally in the sector.

Dr Saif Al Sayari, executive officer and head of TAQA’s Energy Solutions recently elaborated on the company’s plans for the $850m project.

“Our proposed plant would be up and running by 2017, generating enough power for 20,000 households in Abu Dhabi as well as cutting greenhouse gases,” he said.

Read more at: http://www.waste-management-world.com/articles/2014/02/taqa-gets-into-waste-to-energy-starting-with-100-mw-abu-dhabi-plant.html

Tata Power exits Indonesian coal firm Arutmin for USD 500 mln

Tata Power today announced sale of its 30 per cent stake in Indonesian coal company PT Arutmin for USD 500 million (Rs 3,150 crore) to cut its debt.

The development comes in the wake of the company’s Mundra UMPP project facing under recovery challenges.

Read more at: http://www.business-standard.com/article/pti-stories/tata-power-exits-indonesian-coal-firm-arutmin-for-usd-500-mln-114013101403_1.html

Cameroon’s SNH sees crude output up 25% in 2014

Cameroon’s crude oil output is expected to increase by 25% in 2014 compared with the previous year as production from new fields come onstream, State oil company National Hydrocarbons Corporation (SNH) said on Tuesday.

Read more at: http://www.engineeringnews.co.za/article/cameroons-snh-sees-crude-output-up-25-in-2014-2014-01-29/rep_id:3182

China to ship more metal-making coke to Indonesia

HONG KONG/SHANGHAI, Jan 30 (Reuters) – Indonesia’s ban on exports of unprocessed metal ores will boost Chinese shipments of metallurgical coke by as much as 2 million tonnes a year to smelters being built in the Southeast Asian nation.

Read more at: http://www.reuters.com/article/2014/01/30/china-coke-indonesia-idUSL3N0L22DQ20140130

International Mining Expert Required United Nations Development Programme for Burundi

UNDP Burundi is seeking an international Senior Specialist to support Burundi Government in capacity development and to conduct regulatory and institutional reforms in the Mining sector in order to increase private investors in the sector over the medium term.

Read more at: https://jobs.undp.org/cj_view_job.cfm?cur_job_id=43317

Macquarie, Glencore Xstrata join to bid for Shell Australian assets

Jan 22 (Reuters) – Macquarie Group and Glencore Xstrata have joined forces to bid for Royal Dutch Shell’s Australian refining and retail business, the Australian Financial Review (AFR) reported on Wednesday.

Read more at: http://www.reuters.com/article/2014/01/21/australia-shell-tpg-idUSL3N0KV4TE20140121

BHP in line to gain from Australian state’s rising coal exports

Jan 20 (Reuters) – BHP Billiton could show stronger-than-expected quarterly production of Australian coal this week on the back of a trend of rising shipments from a key mining state.

Read more at: http://www.reuters.com/article/2014/01/20/australia-bhp-idUSL3N0KU1A820140120

Colombia coal exports set to drop as loading ban looms

BOGOTA, Jan 13 (Reuters) – Colombia’s coal exports are set to plunge from Tuesday as a ban on ship loading by U.S.-based miner Drummond takes effect, with little immediate hope for a near-term recovery in shipments as a last-ditch workaround was ruled out.

Steam coal shipments are expected to drop by about a third until March after Colombia’s government enforced a law that took effect on Jan. 1 only allowing coal exporters to load ships using enclosed conveyor belts and outlawing the use of cranes and barges. Efforts to find an interim solution have been unsuccessful.

Read more at: http://in.reuters.com/article/2014/01/13/coal-colombia-idINL2N0KN0X820140113

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