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Friday, 02 April 10
XSTRATA RAISES BENCHMARK COAL PRICE AS MUCH AS 40% - BLOOMBERG
Bloomberg reported that, Xstrata Plc, the world’s largest exporter of coal used for power, raised benchmark prices for the fuel to an unidentified Japanese utility as much as 40 percent as a recovery in economic growth in Asia spurs demand.
Zug, Switzerland-based Xstrata agreed to contract prices for the next 12 months at $98 a metric ton, it said in a statement. The figure compares with the $70-$72 a ton for the previous year, cited in the company’s annual report.
“It’s a good price,” John Meyer, an analyst at Fairfax IS in London, said by phone today. “It reflects the increasing demand for thermal coal for electrical generation around Asia. It should be directly correlated with expectations for economic growth in the region and reflects the increasing cost of coal mining in Australia.”
China’s coal imports more than doubled to 13.1 million metric tons in February, underpinned by power demand, according to customs data. The country paid about $92 a ton for coal in the month. Thermal coal prices to China on delivered terms rose to as high as $120 a metric ton in January from less than $90 a year earlier, Macquarie Group Ltd. said in a report this month.
Contract negotiations with Japanese customers will continue next week, Xstrata said in today’s statement.
Source: Bloomberg ( By: Firat Kayakiran & Simon Casey)
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Friday, 23 April 10
KPCL EYES MINE IN INDONESIA - BUSINESS STANDARD
Business-Standard reported that, Karnataka Power Corporation Ltd (KPCL), the state-owned power generator, is exploring the possibility of acquiring ...
Thursday, 22 April 10
INDONESIAN COAL PRICE REFERENCE FOR MARCH 2010 - US$ 86.64/T
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has begun publishing a monthly coal price reference (HBA) to be use ...
Thursday, 22 April 10
NEED TO IMPORT 82 MT COAL IN FISCAL - INDIA COAL MIN
Indian Express reported that, anxious to bridge the ever-widening gap between the rising demand for coal and its inadequate supply, the Coal Ministr ...
Thursday, 22 April 10
DRY CARGO DEMAND EXPECTED TO INCREASE, FAVORING HIGHER FREIGHT RATES
Increased dry bulk cargo demand is expected to become the norm in the coming weeks and months, according to analysts, which in turn should sustain f ...
Thursday, 22 April 10
INDIA'S BORL SEEKS TO BUY INDONESIAS LOW - SULFUR COAL
COALspot.com: Bharat Oman Refineries Ltd, a joint venture company (promoted by Bharat Petroleum Corporation Ltd, India and Oman Oil Company Lt ...
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- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Planning Commission, India
- Medco Energi Mining Internasional
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Minerals Council of Australia
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Aditya Birla Group - India
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
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