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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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Saturday, 10 April 10
VESSELS OPEN N. CHINA WERE SEEN FIXED AT HIGH TEENS FOR TRIP VIA INDONESIA TO INDIA - VISTAAR SINGAPORE
COALspot.com: The BDI indices was almost at same levels was down by only 2.6 pct.
The cape index was down by almost 13 pct, which appears to be s ...
Saturday, 10 April 10
KRISHNAPATNAM PORT GROWS BY ALMOST 100% IN ITS SECOND YEAR OF OPERATIONS
COALspot.com ( Press Release): It has been a year of setting numerous records for Krishnapatnam Port. Krishnapatnam Port is only in its second year ...
Saturday, 10 April 10
TRANS-ASIA SEEKS SEMIRARA, INDO SUPPLIERS FOR COAL POWER PLANT - MANILA STANDARD TODAY
Manila Standard Today reported that, Trans-Asia Oil & Energy Development Corp., a unit of the Phinma Group, will tap Semirara Mining Corp. ...
Thursday, 08 April 10
THE FAR EAST SHIPPING MARKET FIRMING SINCE THE LAST WEEK
Handy
Little fresh interest early this week after the holidays. The BSI saw yest ...
Thursday, 08 April 10
INDONESIAN ENERGY MINISTRY SEEKS LONGER MINING CONTRACTS - THE JAKARTAGLOBE
The Jakarta Globe reported that, Energy Minister Darwin Zahedy Saleh said he would seek to amend the mining law to address investors’ complain ...
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- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Planning Commission, India
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Economic Council, Georgia
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Australian Coal Association
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- VISA Power Limited - India
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- The University of Queensland
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
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