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Tuesday, 28 April 09
SOUTH AFRICAN EXPORT COAL RETREATS ON WEAKER EUROPEAN DEMAND - BLOOMBERG
Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, fell for a second consecutive week on weaker demand and sufficient stockpiles in Europe.
Export prices at the port, Europe’s biggest single source for coal burned for power, dropped $1.30, or 2.1 percent, to an average of $61.50 a metric ton in the week ended April 24, according to McCloskey Group Ltd. Prices have fallen 45 percent over the past 12 months as demand for power slumped after manufacturers cut output to grapple with the global recession. The world economy will shrink 1.3 percent this year, according to the International Monetary Fund.
“There’s lots of stocks in Europe and not many buyers around,” John Howland, an analyst at Petersfield, England-based McCloskey Group Ltd., said today by telephone. The “coal of choice” at the moment in Europe is Colombian, he said. That may ease demand for South African imports.
Colombian coal supplies may increase after a strike ended this month at Fenoco, a rail company 40 percent-owned by Xstrata Plc. That, plus the end of weather disruption in Australia, will help push prices down to an average $55 a ton in the second and third quarters, Jim Lennon, a Macquarie Group Ltd. analyst in London, wrote in a report dated today. “The market is generally well-supplied,” he said.
The port of Rotterdam, Europe’s biggest, imported 7.7 million tons of coal in the first quarter of this year, up 24 percent from the same period of 2008, the port said in an e-mail on April 9. That may indicate a buildup of stocks.
Power station coal prices at Australia’s Newcastle port, a benchmark for Asia, were almost unchanged in the week to April 24, falling one cent to $63.11 a metric ton, according to the globalCOAL NEWC Index.
Benchmark European coal derivatives fell. Coal for delivery to Amsterdam, Rotterdam or Antwerp with settlement next year retreated $2.50, or 3 percent, to $81 a ton as of 2:49 p.m. in London. The data from ICAP Plc reflect actual trades.
Source: http://www.bloomberg.com/apps/news?pid=20601116&sid=aldXUxVvfVsc&refer=africa
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Sunday, 26 April 09
INDONESIAN GOVT SAYS COAL MINES CAUSE WEEKLONG FLOOD - THE JAKARTA POST
Samarinda administration in East Kalimantan admitted openly Thursday that the weeklong flood that paralyzed the city was caused by unruly management ...
Saturday, 25 April 09
FOREIGN SHARE DIVESTMENT STARTING THE 6TH YEAR OF PRODUCTION - MAJALAH TAMBANG
The government would set a divestment scheme for foreign miners, which would require companies to divest their ownership starting the 6th year of pr ...
Saturday, 25 April 09
INDO TAMBANGRAYA MEGAH ALLOCATED USD 126 MILLION FOR CAPITAL SPENDING - MAJALAH TAMBANG
Somyot Ruchirawat, President Director of PT Indo Tambangraya Megah, Tbk (ITMG), has announced the company's total dividend payment of Rp 1,345 per ...
Saturday, 25 April 09
MINING SECTOR IS STILL ON THE SURPLUS - THE JAKARTA POST
The global financial crisis is apparently also having an impact on the mining sector. People are thinking twice about investing in the mining sector ...
Saturday, 25 April 09
ADARO RUNS CATARACT OPERATION PROGRAM - THE JAKARTA POST
As part of its CSR program, thermal coal producer PT Adaro Indonesia has made cataract operations available to residents of Tandjung district, South ...
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- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
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