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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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Thursday, 29 April 10
SOUTH AFRICAN ROUNDS BACK TO INDIA SUPRAS CAN ACHIEVE AROUND MID 20S
Handy
Atlantic markets remain firm. Supramaxes open in USG are now achieving low/mid&n ...
Thursday, 29 April 10
KANGAROO RESOURCES INKS KEY COAL EXPORT CONTRACT WITH YUDEAN FARNON - PROACTIVE INVESTORS
Proactive Investors reprted that, Kangaroo Resources has secured an initial export sales contract for coal from the company’s operating coal p ...
Wednesday, 28 April 10
UNITED TRACTORS FOCUSES ON MINING AS IT SEEKS TO DIVERSIFY REVENUE SOURCES - JG
The Jakarta globe reported that, PT United Tractors, Indonesia’s biggest heavy-equipment distributor and mining contractor, aims to have its m ...
Wednesday, 28 April 10
DRY BULK MARKET
After a prolonged period of anticipation and a stalled dry bulk market in terms of freight rates, the industry’s benchmark, the Baltic Dry Ind ...
Tuesday, 27 April 10
CAPESIZES UP, PANAMAXES DOWN - BRS
It was Capesizes up, Panamaxes down this week as the latter experienced a correction after its recent gains. Period rates for Panamaxes remain firm ...
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- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
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- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- Thiess Contractors Indonesia
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- Medco Energi Mining Internasional
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- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
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