Erdenes Tavan Tolgoi LLC will begin this year to mine Mongolia’s West Tsankhi coal area as part of the debt-laden company’s plan to ramp up output and pay off money owed to Aluminum Corp. of China Ltd.
Shenhua Group Corp. , China’s sole producer of fuels from coal, may more than quadruple output to 3 million metric tons annually by 2015 compared with this year to help meet demand from the world’s fastest-growing major economy.
Honghua Group Ltd., China’s biggest oil-drilling equipment exporter, is seeking to expand exploration services with U.S. partner Baker Hughes Inc. and acquire a shale gas asset in China, Chairman Zhang Mi said.
Shenhua Group Corp. , China Huaneng Group and TruEnergy Pty, a unit of CLP Holdings Ltd. , are among potential bidders for New South Wales’ A$8 billion ($7.2 billion) electricity privatization, the Australian Financial Review said.
Hydro Tasmania is considering developing Australian renewable energy projects outside the nation’s island state as the company looks at expanding a partnership with a unit of China’s Shenhua Group Corp.