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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, 25 April 09
KPC DEVELOPS EAST KALIMANTAN WITH GOVT - THE JAKARTA POST
Kaltim Prima Coal (KPC) focuses on several areas in its CSR projects to help the government increase the welfare of the community living around the ...
Friday, 24 April 09
NAPOCOR TO TENDER FOR 195,000 T COAL - ABS-CBNNEWS.COM
Top Philippine electricity producer National Power Corp. (Napocor) said on Friday it will hold a tender on May 20 to buy 195,000 tons of steam coal ...
Friday, 24 April 09
NTPC TO DELVE INTO CONTRACT MINING - ECONOMICTIMES
NTPC, India’s largest power producer, plans to cash in on its decades-old experience in handling coal mines by spinning off a separate u ...
Wednesday, 22 April 09
PROTECTED FORESTS FACING UNDERGROUND MINING THREAT - THE JAKARTA POST
The government is soon to issue a presidential regulation allowing mining companies to mine underground in protected forest areas, despite a recent ...
Tuesday, 21 April 09
MITRA RAJASA TO ACQUIRE TWO MINING COMPANIES - THE JAKARTA POST
PT Mitra Rajasa Tbk plans to acquire PT Realita Jaya Mandiri and PT Masindo Artha Resources in South Sumatra, which are worth around US$40 million.
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- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Planning Commission, India
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Parliament of New Zealand
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
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