The cars to be exported to the EU countries this month can travel 594 kilometers on a single charge and has a gasoline mileage equivalent of 27.8 km on a liter of fuel, as checked by the New European Driving Cycle, Hyundai said.
Read more at: http://www.globalpost.com/dispatch/news/yonhap-news-agency/140404/hyundai-motor-picked-supplier-fuel-cell-electric-cars-eu
The Shongololo is part of a 201 billion-rand ($18.8 billion) rail overhaul and expansion plan aimed at boosting exports of coal, manganese and other commodities from Africa’s biggest economy. It’s being rolled out by Transnet SOC Ltd., the state-owned ports and rail operator, tapping the expertise of GE, Bombardier Inc., CSR Zhuzhou Electric Locomotives Co. and China CNR Corp. to manufacture the locomotives locally and increase freight capacity.
Read more at: http://www.bloomberg.com/news/2014-04-05/south-africa-18-billion-rail-plan-lifts-mining-exports.html
Jakarta. Bumi Resources, the coal mining unit of the Bakrie Group, has finally secured shareholder approval for its debt-to-share swap deal with China Investment Company after two previous attempts failed.
Dileep Srivastava, a director at Bumi Resources, told reporters that shareholders representing a 63 percent voting rights had agreed to the three resolutions needed to proceed with the CIC deal, in the third extraordinary shareholder meeting seeking approval for the deal.
He added that a minimum of 40 percent of shareholders’ votes was required for the resolutions.
To pay a portion of its $1.3 billion debt to CIC, Bumi will relinquish a 19 percent stake in the company’s coal miner Kaltim Prima Coal and a 42 percent stake in Bumi Resource Minerals.
Read more at: http://www.thejakartaglobe.com/business/indonesias-bumi-resources-debt-share-swap-given-clear/
MOSCOW, April 3 (RIA Novosti) – The US Department of Energy has suspended cooperation with its Russian counterpart on several experimental projects that focused on the peaceful nuclear energy, a spokesperson with Rosatom nuclear agency told RIA-Novosti Thursday.
“The US side has informed us about a freeze on some joint projects in the sphere of peaceful nuclear energy. We are talking specifically about a series of technical meetings, including scientific ones,” the source with the state-run Rosatom agency confirmed.
The United States cited “Russia’s action in Ukraine” as the reason for its decision to put nuclear cooperation on hold.
Read more at: http://en.ria.ru/world/20140403/189016447/US-Energy-Department-Halts-Cooperation-with-Russiaon-Peaceful.html
Global commodities like iron ore and coal are floundering, shifting big miners like Rio Tinto and BHP Billiton into cost cutting mode. That, in turn, has left mining equipment makers like Caterpillar and Joy Global posting weak sales numbers, and forecasting continued demand shortfalls. But General Electricdoesn’t seem to care; it’s still investing in the space.
What’s the deal?
General Electric just inked a 50/50 joint venture with heavy machinery makerKomatsu to build underground mining equipment. The two have been working together on above ground dump trucks, with GE’s Transportation division lending its expertise in electric drive systems. Now, it will provide that expertise to Komatsu’s underground equipment.
Read more at: http://www.dailyfinance.com/2014/03/24/general-electric-has-new-batteries-to-change-the-m/
The Obama administration will consider the turmoil in Ukraine as it weighs whether to approve additional exports of natural gas to blunt Russia’s dominance as an energy supplier.
Geopolitics and the effect on global markets are issues the department considers in reviewing applications from companies to build natural gas export terminals, Energy Secretary Ernest Moniz said today.
Read more at: http://www.telegram.com/article/20140321/NEWS/303219688/1237
The Indonesian government has postponed plans to raise coal royalties due to strong resistance from small and medium-sized miners saying it was an extra burden while prices were low, a senior government official said Thursday.
Indonesian miners met energy ministry officials this week to state their opposition to the plan to raise coal royalty payments across the board to 13.5% from the current 3-7%, industry sources said.
Read more at: http://www.platts.com/latest-news/coal/manila/indonesia-postpones-coal-royalty-rise-as-miners-26755426
Turkey’s environment ministry is considering a proposal to increase a limit on the volatile content of imported thermal coal, a move that could potentially allow more Colombian producers to sell their products to the country, according to market sources Wednesday.
Cerrejon — a joint venture between Glencore Xstrata, BHP Billiton and Anglo American — is currently the only Colombian producer which can ship coal that satisfies all of Turkey’s imported thermal coal quality restrictions.
Read more at: http://www.platts.com/latest-news/coal/sopot-poland/turkish-coal-import-restriction-change-could-21356533
Jinchuan’s declaration of force majeure is likely to see the smelter reduce copper output by 100,000 tonnes and nickel output by 30,000 tonnes, according to a source doing business with the company.
The equipment failure happened in the furnace at Jinchuan’s Gansu smelter, according to a second source, with knowledge of the situation. The Gansu smelter has a fully-operational copper capacity of about 400,000 tpy and a nickel capacity of about 150,000 tpy.
Electrovaya Inc. a developer and manufacturer of lithium ion battery systems today announced that it will partner with Canadian Solar Inc. for a micro-grid project. Electrovaya plans to provide a 200 kWh energy storage system which will feature its Lithium Ion SuperPolymer 2.0 technology.
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