Shenhua Group News
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OneWind Australia, a venture backed by private equity fund Denham Capital Management LP, expects the first of as much as $2 billion in wind farms it plans in the country to start operating by 2015.
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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.
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Shenhua Group Corp., China’s biggest coal producer, and Hydro Tasmania could jointly invest A$1.6 billion ($1.7 billion) by the end of the decade to build Australian wind farms.
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Shenhua Group Corp. , China’s biggest coal producer, expects profit to exceed 100 billion yuan ($15 billion) by 2013 as the company develops projects in Australia, Indonesia, Mongolia and Russia.
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Shenhua Group Corp., the world’s biggest coal producer, will test energy-storage systems from Altair Nanotechnologies Inc. at a wind farm in China.
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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.
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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.
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A record wave of consolidation in China’s mining industry is creating bigger companies that will have the muscle to compete with the likes of BHP Billiton Ltd. for overseas acquisitions.
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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.
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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.
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