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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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Saturday, 25 April 09
KPC DEVELOPS EAST KALIMANTAN WITH GOVT - THE JAKARTA POST
Kaltim Prima Coal (KPC) focuses on several areas in its CSR projects to help the government increase the welfare of the community living around the ...
Friday, 24 April 09
NAPOCOR TO TENDER FOR 195,000 T COAL - ABS-CBNNEWS.COM
Top Philippine electricity producer National Power Corp. (Napocor) said on Friday it will hold a tender on May 20 to buy 195,000 tons of steam coal ...
Friday, 24 April 09
NTPC TO DELVE INTO CONTRACT MINING - ECONOMICTIMES
NTPC, India’s largest power producer, plans to cash in on its decades-old experience in handling coal mines by spinning off a separate u ...
Wednesday, 22 April 09
PROTECTED FORESTS FACING UNDERGROUND MINING THREAT - THE JAKARTA POST
The government is soon to issue a presidential regulation allowing mining companies to mine underground in protected forest areas, despite a recent ...
Tuesday, 21 April 09
MITRA RAJASA TO ACQUIRE TWO MINING COMPANIES - THE JAKARTA POST
PT Mitra Rajasa Tbk plans to acquire PT Realita Jaya Mandiri and PT Masindo Artha Resources in South Sumatra, which are worth around US$40 million.
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- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- The University of Queensland
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Planning Commission, India
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Minerals Council of Australia
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