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| MALAYSIA: Coal-fired power plant needed to meet Sabah’s energy demand, says executive |
| Tuesday, 31 August 2010 | |
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(EnergyAsia, August 31 2010, Tuesday) --- Sabah Electricity Sdn Bhd (SESB) said it is hoping to start building its proposed 300 megawatt coal-fired power plant project... |
| INDONESIA: Prolonged rains threaten coal output goal this year |
| Tuesday, 31 August 2010 | |
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(EnergyAsia, August 31 2010, Tuesday) --- Indonesia’s coal output this year is likely to be little changed from last year’s level of 300 million metric tons because of prolonged... |
| SINGAPORE: Commodities exchange SMX to start trading on August 31 |
| Monday, 30 August 2010 | |
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(EnergyAsia, August 30 2010, Monday) ---Singapore Mercantile Exchange (SMX), the first pan-Asian multi-product commodity and currency derivatives exchange, said it will begin trading on August 31. Jignesh Shah, SMX’s vice chairman and Group CEO of Financial Technologies Group, said: “SMX’s platform will herald Asia’s first stand-alone and next-generation global derivatives exchange for unrestricted cross-border trading in futures, options and other derivatives across multiple asset classes. We are looking forward to our newest venture to establish a footprint for transparent electronic trading that will manifest itself as a major platform for price discovery for commodities trading in Asia. SMX is well poised to unlock the immense potential of Asia and further position the region as a leading derivatives trading hub.” Thomas J. McMahon, SMX’s CEO, said: “We are witnessing Asia’s expanding influence on the global commodities market. SMX’s launch is a step in the right direction as we leverage off Singapore’s unique position as a premier financial and commercial hub in the region. The launch will provide market players in Asia the flexibility to trade products generic to regional trade flows within the Asian business day.” The Monetary Authority of Singapore (MAS) recently granted SMX ‘Approved Exchange’ status to operate as a regulated and fully licensed exchange. |
| PEOPLE: Hoekstra, President of Asia division, to succeed Broeders as new Royal Vopak chairman |
| Monday, 30 August 2010 | |
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(EnergyAsia, August 30 2010, Monday) --- Dutch oil logistics giant Royal Vopak N.V. said Eelco Hoekstra, president of its Asia division, will be succeeding John Paul Broeders as chairman of its executive board on March 1 2011. Mr Broeders has been appointed chairman of the board of SHV Holdings. The company added that with Mr Hoekstra’s appointment, the commercial, financial and operational domains will be represented in a balanced way in the executive board. The proposal to appoint Eelco Hoekstra will be presented at an extraordinary shareholders meeting to be held soon. Royal Vopak is the world’s largest independent tank storage service provider, specialised in the storage and handling of liquid chemicals, gasses and oil products. The company operates 80 terminals with a combined storage capacity of more than 28 million cubic meters in 31 countries. |
| VIETNAM: State Vinacomin targets to produce 60 million tons of coal by 2015 |
| Monday, 30 August 2010 | |
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(EnergyAsia, August 30 2010, Monday) --- State-owned Vietnam National Coal-Mineral Industries Group (Vinacomin)..... |
| CHINA: July oil demand slipped from June’s record high, says Platts |
| Monday, 30 August 2010 | |
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(EnergyAsia, August 30 2010, Monday) --- China’s oil demand for July dipped to 35.82 million mt or about.... |
| AUSTRALIA: US coal producer Peabody Energy to expand ‘highly productive’ Wilpinjong mine |
| Monday, 30 August 2010 | |
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(EnergyAsia, August 30 2010, Monday) --- The world’s largest private-sector coal company, Peabody Energy,..... |
| AUSTRALIA: Gloucester Coal reports a dip in full year net profits for year ended June 30 |
| Monday, 30 August 2010 | |
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(EnergyAsia, August 30 2010, Monday) --- Citing a sharp downward correction in coal prices, Australia’s..... |
| GHANA: Jubilee field to start up on time despite funding challenge for oil processing vessel |
| Monday, 30 August 2010 | |
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(EnergyAsia, August 30 2010, Monday) --- A consortium of international banks is holding up the proposed...... |
| SINGAPORE: Sembcorp to develop new multi-utilities facility and cogeneration plant on Jurong Island |
| Friday, 27 August 2010 | |
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(EnergyAsia, August 27 2010, Friday) --- Singapore’s Sembcorp said it has signed a 20-year term agreement to supply steam, water and wastewater treatment ... |
