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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, 11 May 10
DRY BULK RATES SHOOT UP ON STRONG CARGO DEMAND
The dry bulk industry’s benchmark, the Baltic Dry Index (BDI) has kept its momentum, as predicted by analysts and shipping experts, managing t ...
Saturday, 08 May 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS AT AROUND PANAMAX / $ 21500 & SUPRAMAX / $ 18500 PER DAY - VISTAAR SHIPPING
COALspot.com: The BDI continued to go up and was up by 7.57 pct even though the stock markets was severely affected with worries on Greek debt crisi ...
Saturday, 08 May 10
MAHAGENCO TO IMPORT 3.35 MILLION TON OF COAL
COALspot.com: Indian utility Maharashtra State Power Generation Co. Ltd. is in market for 3.35 million tones of imported coal. The purchase of coal ...
Saturday, 08 May 10
NAPOCOR BUYS 122,000 TONS COAL - ABC CBN NEWS
ABC - CBN News reported that, State-run National Power Corp. (Napocor) said on Thursday it awarded 2 contracts for the supply of a total 122,000 ton ...
Saturday, 08 May 10
RICHARDS BAY COAL SHIPMENTS FALL TO AN 11-MONTH LOW - BLOOMBERG
Bloomberg reported that, Coal shipments from Richards Bay Coal Terminal, Africa’s biggest export facility for the fuel, fell to an 11-month lo ...
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- Wood Mackenzie - Singapore
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- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Minerals Council of Australia
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- Bangladesh Power Developement Board
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- SMG Consultants - Indonesia
- Posco Energy - South Korea
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- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
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- Aboitiz Power Corporation - Philippines
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- Commonwealth Bank - Australia
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- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
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- Africa Commodities Group - South Africa
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- Global Coal Blending Company Limited - Australia
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- Electricity Generating Authority of Thailand
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- Indika Energy - Indonesia
- Planning Commission, India
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- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
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- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
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- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
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- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Electricity Authority, New Zealand
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- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
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- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
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- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
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- Bukit Baiduri Energy - Indonesia
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- Indonesian Coal Mining Association
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- PTC India Limited - India
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- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Australian Coal Association
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- Intertek Mineral Services - Indonesia
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- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
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- Parliament of New Zealand
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- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
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