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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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Thursday, 15 April 10
DRY BULK MARKET SLOWLY GAINING GROUND
The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified ...
Tuesday, 13 April 10
CHINA COAL SEEING 'STRONG DEMAND,' PUDA COAL CFO SAYS - BUSINESS WEEK
Business Week reported that, China coal prices will increase this year as the nation’s industry expands and a drought in the southwest region ...
Tuesday, 13 April 10
PEABODY, COAL INDIA CONFIRM 'EARLY STAGE' TALKS - MINING WEEKLY
Mining Weekly reported that, US coal-miner Peabody Energy is holding discussions with Coal India, the company said on Monday, after an Australian ne ...
Tuesday, 13 April 10
ANGLO PREDICTS HIGH COAL PRICES, STEADY SUPPLY
Busrep / Reuters reported that, Coal prices were expected to remain strong this year, while exports would match last year's despite rail cons ...
Tuesday, 13 April 10
THE PANAMAX MARKET CONTINUED TO STRENGTHEN - BRS DRY BULK
Panamax rates continue to beat the market, and the Panamax 4TC is now trading at a 25% premium to the Cape 4TC — the biggest margin since the ...
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- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Romanian Commodities Exchange
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Australian Coal Association
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Planning Commission, India
- Central Electricity Authority - India
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
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