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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 $90 a year earlier, Macquarie Group Ltd. said in a report this month.
Contract negotiations with Japanese customers will continue next week, Xstrata said in today’s statement.
Source: Bloomberg ( By: Firat Kayakiran & Simon Casey)
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Monday, 19 April 10
PLN TO OPERATE COAL MINES IN BID TO FUEL POWER PLANTS
The Jakarta Globe reported that, state electricity utility PT Perusahaan Listrik Negara said on Sunday that it aimed to take over operation of small ...
Sunday, 18 April 10
GOVT FORMS PANEL FOR RS 12,000-CR (US$ 2.711 BILLION) COAL INDIA IPO - ECONOMIC TIMES
Economic Times reported that, the government has formed an inter-ministerial panel to carry forward the proposed Rs 12,000-crore (US$ 2.711 billion) ...
Sunday, 18 April 10
THE FUTURES FOR THREE YEARS (2010-2012) FOR PANAMAX WAS AT AROUND US$ 21500 PER DAY - VISTAAR
COALspot.com: The BDI indices up by 3.30 pct and overall market continued to be firm except for India to Fareast.
“The cape index for the f ...
Saturday, 17 April 10
DRY BULK SHIPPING MARKET ANALYSIS - BIMCO
Strong Chinese steel market is set to cushion the flood of new Capesize vessels entering the dry bulk fleet Demand: The first quarter of 2010 saw up ...
Saturday, 17 April 10
DRY BULK MARKET EDGES HIGHER ON STRONGER DEMAND
The dry bulk market managed to inch higher by the end of the week as brokers indicated that stronger cargo demand pushed freight rates that much hig ...
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- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Videocon Industries ltd - India
- White Energy Company Limited
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
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