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China Shenhua Energy, the world's biggest coal producer by market value, said yesterday it plans to base its 2008 export prices against the US$125 a tonne set by Australia's Xstrata.
China Coal Energy, the country's No. 2 coal producer, is exploring investments in Australia and Indonesia while it doubles spending to ramp up production and feed the world's largest coal market.
BEIJING (Reuters) - Regions in central and southwest China face increasing power cuts, with some areas rationing electricity after demand jumped in freezing weather that also worsened coal shortfalls, the State Grid Corp of China (SGCC) said on Thursday.