Copelouzos Teams Up with Shenhua in Green Energy
Greek energy group Copelouzos signed a deal with China's Shenhua Group to cooperate in green energy and upgrade power units in Greece and other countries, Copelouzos said on Friday. The deal involves total investment of 3 billion euros…
Tightening Supply Supports High Thermal Coal Prices
China's thermal coal prices rose to the highest level since mid November due to tightening supply, shrugging off concerns that prices will fall after policy makers delay introducing radical production controls. Benchmark…
China's Shenhua in Talks with CNNC, CGN on Stakes in Nuclear Projects
China's Shenhua Group is in talks with leading Chinese nuclear developers on taking stakes in domestic nuclear projects, as the country's biggest coal producer diversifies into cleaner forms of energy, Shenhua President Zhang Yuzhuo said on Wednesday.
China Shenhua Energy Net Profits Down in 2015
China Shenhua Energy's net profit fell 56.9 percent to 16.14 billion yuan ($2.47 billion) last year due to lower demand in a slowing economy and the country's efforts to switch to cleaner forms of energy. The listed arm of the Shenhua Group…
China Coal YTD Imports Down 16 pct
Imports inch up from Aug but down 16 percent year on year. China imported 17.77 million tonnes of coal in September, down 16 percent from a year ago, with weak demand and a domestic supply glut continuing to weigh on orders.
China's Shenhua Signs First Coal Trade Deal with Mongolia
China's biggest coal producer, the Shenhua Group, has signed a deal to buy 1.2 million tonnes of high-grade coking coal from Mongolia, a move that could help pave the way for the state-owned firm to invest in one of Mongolia's biggest mines.
China Shenhua and Partners Bid for Giant Mongolian Coal Project
China Shenhua Energy Co Ltd and its partners have submitted a bid to develop the giant Mongolian coal project Tavan Tolgoi, the Chinese coal producer said on Thursday. Shenhua Energy said it had formed a consortium with…
China Ponders Cutting Coal Export Tax
China, the world's top producer and consumer of coal, is considering a proposal to cut coal export taxes to 3 percent from the current 10 percent as part of broader efforts to help local miners, three trade sources said on Friday.
