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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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Monday, 27 April 09
JSW ENERGY SET TO SNAP UP AFRICAN COAL MINE FOR $70 MN - ECONOMIC TIMES
Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million ...
Monday, 27 April 09
INDONESIA MINING RULES MAY DETER INVESTORS-OFFICIALS - REUTERS
Indonesia's rules on foreign divestment of mining projects must be revised to address issues such as finding buyers if Southeast Asia's biggest ec ...
Monday, 27 April 09
UNDERGROUND MINING IN FOREST AREAS NOT SO SIMPLE - THE JAKARTA POST
The government's plan to issue a presidential decree allowing mining companies to mine underground in protected forest concession areas has resulte ...
Monday, 27 April 09
COAL PRICES ABOVE FUNDAMENTALS - STUFF.CO.NZ
Coal prices have defied the gravity of fundamental factors, supported by stockpiling prompted by cheaper prompt prices rather than a reflextion of a ...
Sunday, 26 April 09
MITRA HOPES TO SECURE DEALS WITH TWO COAL FIRMS BY JUNE - THE JAKARTA POST
An integrated oil and gas services company, publicly listed PT Mitra Rajasa, is expecting to seal acquisition deals with two coal companies in June, ...
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- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- PTC India Limited - India
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
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