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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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Thursday, 04 February 10
COAL PRODUCTION EXPECTED TO REACH 280 MILLION METRIC TONS - INDONESIA UPDATE
Indonesia`s coal production target for 2010 has been set at 275 million to 280 million metric tons, according to the Association of Indonesian Coal ...
Thursday, 04 February 10
MASSEY CEO 'NOT EXCITED' ABOUT PROSPECT OF QUARTERLY COAL PRICING
US coal producer Massey Energy is not in favour of switching to a quarterly pricing schedule for metallurgical coal, from the current annual price b ...
Thursday, 04 February 10
BUKIT ASAM GOES SHOPPING FOR MORE COAL MINES
State-owned coal miner PT Tambang Batubara Bukit Asam has set aside Rp 1.5 trillion ($162 million) to acquire two coal mines in East Kalimantan, pre ...
Thursday, 04 February 10
PTT EYES OVERSEAS COAL
Revenue could reachUS$600 million a year
PTT Plc, Thailand's largest energy company, aims to raise the annual revenue from its overseas coal bus ...
Thursday, 04 February 10
RI TO GRADUALLY STOP COAL EXPORTS
Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop ...
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Showing 6026 to 6030 news of total 6871 |
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- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Parliament of New Zealand
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
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