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Monday, 19 April 10
IS CHINA TO SUFFER NEW COAL SUPPLY SHORTAGE IN 2010? - XINHUA
 Is China likely to suffer a new coal supply shortage in 2010? It's a question haunting many Chinese market analysts now. After a string of several coalmine accidents in the past month, China has launched a nationwide check on coalmine safety. Meanwhile, severe drought in southwest China has directly led to a jump in thermal power demand. Theses have aroused a market concern on a possible coal supply shortage in China in 2010.
Henan province, a major coal production base in China, has stated the coal consolidations, and how many small coalmines will be shut down has become a crucial factor determining whether China will suffer a new coal supply shortage in 2010.
-- Safety check to postpone production resumption of small coalmines in Shanxi
Shanxi province has decided to launch a three-month safety check on an internal conference on March 31 in a wake of consecutive coal accidents in March, Official with Shanxi Coal Industry Office said that the safety check in Shanxi province would mainly focus on the legality and safety system of coalmines under construction.
Following that, the State Administration of Work Safety and the State Administration of Coal Mine Safety jointly made an emergency notice on extending the safety check from Shanxi province to nationwide.
Huang Yi, vice director of the State Administration of Work Safety estimated that the check would involve more than 7000 coalmines and 1.5-billion coal production capacity.
The official with Shanxi Coal Industry Office noted that the safety check would postpone the operation of newly built large coalmines and the production resumption of the small coalmines after the coal consolidation in the second largest coal producing province in China, but would not trigger an extensive suspension of production as in 2008, said the official.
Small coalmines in Shanxi were asked to suspend production in all-round way for rectification in 2008 due to a string of coalmine accidents, and before resuming production, they were acquired and merged by large coalmines compulsorily in accordance with Shanxi?s coal consolidation plan launched at the beginning 2009.
Senior manager with sales branch of Shanxi Coking Coal Group said that about 70-million-tonne coal production capacity of small coalmines, which have been acquired by Shanxi Coking Coal Group which produced 80.79 million tonnes of coal in 2009, is scheduled to be released at the end of 2010. But the production resumption is likely to be further postponed on current circumstance.
The senior manager predicted that coal enterprises would not blindly raise coal output and therefore the expected output growth may lower.
According analyst Liu Fei with Guodu Securities, there are about 400 million tonnes/year of coal production capacity under construction in Shanxi province.
In the first two month of 2010, nearly 10 million tonnes of newly added coal output capacity has gone into operation, but the recent coal accidents would delay the operation of other newly added output capacity.
The State Council has claimed that the safety check would involve all sectors in China. The Ministry of Railways has initiated a two-month safety check since Apr. 5, and Datong-Qinhuangdao Railway, a key coal transportation channel, has also entered a one-month maintenance, which is enormously affecting the coal supply.
Although the safety check will affect the coal output in Shanxi in short term, the province still seems quite confident in fulfilling its target of producing 670-700 million tonnes of coal in 2010 and has shown no intention to revise the target.
In 2009, coal output in Shanxi province amounted to about 620 million tonnes on shutdown of small coalmines, down 30 million tonnes on year. However, the coal consolidations in Shanxi has come to an end, which would great enhance Shanxi's output capacity, and a large amount of newly formed production capacity would enter into operation this year in spite of the three-month safety check. Therefore, coal supply from Shanxi province would remain stable or even rise in 2010.
-- Southwest drought calls for greater thermal power demand
In March, power supply shortage in Yunnan, Guizhou and Guangxi provinces exceeded 5 million kilowatts, which would have to be fed by thermal power generation.
The lasting severe drought in southwest China since the Chinese Lunar New Year in February has led to a dramatic decline in hydropower generation, which only took up 12 percent of national power supply in the first two months of 2010, down 9 percentage points on year.
Many southern China provinces with hydraulic power as main power source are facing electricity supply shortage.
According to Guizhou provincial government, Guizhou province has an electricity shortage of 3 million kilowatt hours. Water storage of reservoir in Guizhou has declined to the bottom level in history, down by 30 percent on year, which decreased the daily hydropower generation from 90 million kilowatt hours to 60 million kilowatt hours.
The situation in Yunnan province is even worse, with the electricity shortage topping 4 billion kilowatt hours. Since water resource plunged by 30-40 percent on year, less than 30 percent of total installed capacity of major hydropower stations is operational. Affected by the electricity shortage, upstream sectors like ferrous metals industry in Yunnan and Guangxi have fully or partly suspended production.
About 17.6 percent industrial enterprises in Yunnan province have been severely affected.
GF Securities forecast that the power supply shortage may push up the demand for power coal by at least 4-5 percent for the whole year of 2010.
According to statistics released by China Electricity Council (CEC) in February, power coal consumption stood at 1.56 billion tonnes in 2009, and CEC predicted that China's power coal demand would remain high in 2010 at about 1.66 billion tonnes
Chen Liang, analyst with GF Securities holds China may face a new coal supply shortage in 2010 on similar condition in 2008.
But some other experts are not as pessimistic as Chen Liang, and they believe overall coal supply would keep balance in 2010 despite of regional tight supply in the peak seasons in summer and winter. Now Henan province, one of China?s major coal production bases, becomes the biggest variable affecting the balance between coal supply and demand in China.
-- Small coalmine M&A in Henan to affect national coal supply in 2010
Henan Province announced a plan on coal enterprises merger, acquisition and reorganization in March. According to a document issued by the provincial government, major coal enterprises are expected to hold over 85 percent of total coal resources in the province at the end of 2010, but it remain unclear that how many small coalmines will be shut down.
Henan planned to control its coal output at 150 million tonnes in 2010, down 80 million tonnes from 230 million tonnes in 2009.
Under such a circumstance of tight balance, a reduction of 80 million tonnes in coal output would give a heavy blow to the marketm said Chen Liang, the GF Securities analyst.
However, market observers generally doubted about the production reduction target and they hoped that the target is a upper limit.
Chen Dangyi, vice director with Department of Industry and Information Technology of Henan province, said that although the Henan has carried out guiding opinion on the coal consolidation, but detailed plan is still being formulated. It's unpredictable how much Henan's coal output would be affected by the coal consolidation.
Small coalmines, which account for nearly one third of national coal output, are blamed for about 70 percent coal accidents in China. Therefore, China will have to make greater effort in consolidating small coalmine in a bid to reduce accidents.
Source: Xinhua
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Wednesday, 21 April 10
INDONESIA SHIPPED 13.24 PERCENT MORE COAL IN MARCH THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 27,615,191 MT of coal in March 2010, compare to 24.38 million tons in January and ...
Tuesday, 20 April 10
INDO HARUM ENERGY WINS US$200MN LOAN PLEDGE FROM BANK SYNDICATE
Indonesian coal producer PT Harum Energy has secured a loan commitment of US$200 million from a syndicate of six banks.
Bank of Tokyo Mitsubishi ...
Tuesday, 20 April 10
PACIFIC SUPRA MARKET WAS STILL SOFTENING - BRS
A modest increase in dry bulk rates this week with activity picking up in the middle of the week. Panamax rates remain above the Capes, and there wa ...
Monday, 19 April 10
WHITE ENERGY BUYS SA COAL - ABC NET
ABC Net reported that, South Australian Coal Limited is being bought by the New South Wales company White Energy.
Shareholders will get a combine ...
Monday, 19 April 10
PLN TO OPERATE COAL MINES IN BID TO FUEL POWER PLANTS
The Jakarta Globe reported that, state electricity utility PT Perusahaan Listrik Negara said on Sunday that it aimed to take over operation of small ...
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- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
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