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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 reduces hydropower generation, said Puda Coal Inc. Chief Financial Officer Laby Wu.
“Demand is still strong,” Wu said in a phone interview from Beijing. “Prices will increase from 2009 due to strong demand for electricity generation. The southwest drought will also drive demand for thermal coal.”
China’s thermal coal prices jumped to an average 700 yuan to 800 yuan a metric ton in the fourth quarter from an average 400 yuan to 500 yuan for the year, she said. Benchmark coal prices at Qinhuangdao, China’s largest port handling the fuel, rose for the first time in 10 weeks on March 29 after the drought cut hydropower generation and raised demand from coal- fired plants.
Coal demand won’t be able to meet supply this year given a prediction from China’s top economic planning agency that electricity generation will grow 7 percent in 2010, while raw coal production will only rise 3 percent, Wu said.
China, the world’s biggest user and producer of coal, will remain a net importer of the fuel this year after buying for the first time last year as a nationwide safety crackdown closed about 1,000 small mines, Wu said.
Company Transition
U.S.-traded shares of Puda Coal have rallied 46 percent this year, spurred by the company’s transition into high margin mining production from low margin coal washing.
China’s demand for coal used to make steel is forecast to rise 5.6 percent to 38 million metric tons this year, according to Macquarie Group Ltd. last week.
Puda Coal expects mining of the fuel to comprise $20 million to $40 million in revenue this year and contribute profit of as much as $12 million after a zero input last year, Wu said.
Puda Coal is benefiting from the decision by the provincial government in Shaanxi, where the company is based, to put the company in charge of consolidating the industry including mine closures and mergers, Wu said. She expects the company to complete two mining acquisitions this quarter.
Source: Businessweek (By: Allen Wan. Editors: Richard Frost, Margo Towie)
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Tuesday, 25 May 10
KALIMANTAN COAL RAIL PROJECT RUNS INTO COST DELAY - THE JAKARTA GLOBE
The Jakart globe reported that, A$1.5 billion coal rail and port project planned for Central Kalimantan may be delayed by a year after a review of t ...
Tuesday, 25 May 10
BUMPER YEAR PREDICTED FOR INDONESIAN COAL - THE JAKARTA GLOBE
The Jakarta globe reported that, In The country’s coal output may reach 320 million tons this year, up from 300 million tons in 2009, as produ ...
Tuesday, 25 May 10
CHINA'S COAL SHIPMENTS VIA ITS MAIN PORTS RISE BY 13.1 PERCENT IN APRIL
According to the data issued by China's Ministry of Industry and Information on May 21, in April total coal shipments via China's main ports reach ...
Monday, 24 May 10
SAMTAN TO SELL KIDECO TO INDIKA ENERGY?
Insider Stories reported that, Parent company of Indonesia's coal mining contractor PT Petrosea Tbk (PTRO), PT Indika Energy Tbk (INDY) aims to boo ...
Monday, 24 May 10
INDIA'S ESSAR SHIPPING BEGIN COMMERCIAL OPERATIONS OF BULK TERMINAL AT HAZIRA
COALspot.com: Essar Shipping Ports & Logistics Ltd. commences commercial operations of Essar Bulk Terminal at Hazira, one of India's largest dr ...
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- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- SMC Global Power, Philippines
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
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