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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.
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.
BEIJING (Reuters) - A major drought has squeezed electricity output at big dams across southwest China, highlighting the risks of Beijing's massive hydropower expansion plans on coal and oil markets in a warmer, drier world.
Tenaga Nasional Bhd (TNB) reported a big jump in net profit for the three months ended Nov 30, 2007, thanks to an increase in electricity demand and a stronger ringgit, which helped reduce the cost of its foreign-currency debt.
SAAG Consolidated (M) Bhd yesterday made two significant announcements that are likely to result in a re-rating on the company. The first is on the agreement it entered with Keppel Oil International Ltd Inc to build, own and operate mobile offshore jack-up drilling rigs for US$155mil in Labuan Shipyard.
CANBERRA (Reuters) - Australia needs to urgently ratify the Kyoto Protocol and slash its greenhouse gas emissions by at least 60 percent by 2050 to help fight global warming, British climate economist Nicholas Stern said on Wednesday.