We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 25 March 10
THE INDIAN MARKET IS STILL FIRM - FEARNLEYS AS
Handy
A sluggish start to the week in the Atlantic with little fresh busin ...
Tuesday, 23 March 10
NINE COMPANIES WIN 20-YEAR COAL CONTRACTS - TEMPO
Tempo Interactive reported that, State Eletricity Company (Perusahaan Listrik Negara) revealed four joint ventures and one company winning coa ...
Monday, 22 March 10
INDONESIA`S MERUKH WINS US$3 BLN SWISS CONTRACT TO SUPPLY COAL - ANTARA
Antara Reported that, Indonesia's PT Merukh Enterprises said it has secured a 30-year contract to supply coal to Swiss buyer Glencore International ...
Monday, 22 March 10
INDIA TO IMPORT COLOMBIAN COAL FOR FIRST TIME AS DEMAND SURGES - BLOOMBERG
Bloomberg reported that, Adani Enterprises Ltd., India’s biggest coal importer, agreed to buy thermal coal from Colombia for the first t ...
Saturday, 20 March 10
NO MAJOR CHANGES ON SUPRAMAX MARKET FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: “The dry bulk freight market continued to be firm on the Panamax and Supramax and Handy size vessels”, said Capt. Reddy MD ...
|
|
|
Showing 5926 to 5930 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Planning Commission, India
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
|
| |
| |
|
