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Tuesday, 28 April 09
WORLD THERMAL COAL PRICE EXPECTED TO CRASH - PURCHASING.COM
Macquarie Bank sees 50% drop to $60/ton in 2009
Macquarie Bank today forecast the 2009 average market price for world thermal coal at $60/ton, a 50% decline from $121 in 2008 and even below the $62 thermal coal price average in 2007. Thermal coal is principally used for power generation and also is used as a fuel in the manufacture of cement, bricks and tiles.
Electricity demand worldwide is generally weak and London-based analyst Isaac Feehely says has been bearish on thermal coal for some time. But, prices haven’t slipped below $60, he admits, because of “poor production in Australia, mine constraints in China and labor issues in Colombia.”
He now expects Australian and Colombian supply issues to be resolved soon. And he remains bearish on the outlook for crude oil prices, “which should put some downward pressure on coal prices.” The only other bullish factor in the market might be China but import demand is less than had been forecast.
Coal in general is losing its market value, Feehely says His report point out that Chinese domestic coking coal prices have slipped in April to around $138/ton from an average $158 in the first quarter and export contract prices from Chinese and Australian mines have slipped to $128-$130 this month.
Source: http://www.purchasing.com/article/CA6654540.html?industryid=48401
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Saturday, 09 May 09
CHINA PLANS TO BUILD COAL STOCKPILE BASES IN SHANDONG - BLOOMBERG
China, the world’s largest coal producer and consumer, plans to build stockpiles of the fuel in the eastern province of Shandong to ensure sup ...
Friday, 08 May 09
INDONESIAN STATE AUDIT BOARD COULD ONLY REACHED A SMALL NUMBER OF KP AND PKP2B - MAJALAHTAMBANG
THE LACK of personnel and the very limited time period have been the reasons why the 2nd semester of the special purpose audit for coal mining ...
Friday, 08 May 09
B.C.'S MINING INDUSTRY HIGH COAL PRICES TO RECORD 2008 PROFITS - PAGUNTAKA
AGGREGATE pre-tax earnings rose to $3.2 billion, the highest amount in the 41-year history of a PricewaterhouseCoppers survey.
B.C.’s minin ...
Thursday, 07 May 09
ASIA COAL-PRICES EASE TO NEAR $63 ON DEMAND CONCERNS - REUTERS
AUSTRALIAN thermal coal prices, a benchmark for Asia, edged lower to around $63 a tonne on concerns over demand, after hitting a two-week high of $6 ...
Thursday, 07 May 09
RICHARDS BAY COAL SHIPMENTS FALL MOST IN 9 MONTHS - BLOOMBERG
RICHARDS BAY Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments fell 24 percent last month, the biggest drop in nine mo ...
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- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
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