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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 supplies and help stabilize prices, the nation’s top economic planner said.
The province will complete the construction of four to six coal stockpile bases within the next three to five years, the National Development and Reform Commission said in a statement on its Web site today. The bases will each have a capacity to store more than 20 million metric tons of coal.
Shandong’s annual coal shortage may rise to more than 190 million tons next year, according to the commission. Coal prices at China’s Qinhuangdao port, a domestic benchmark, soared to a record in July last year and since then have almost halved as the global recession reduced energy demand.
"The province needs to build coal stockpiles and transit bases urgently to cope with potential energy supply disruptions,” the commission said. "Coal resources will become tighter in the long term, and it will be harder to secure resources from the outside market.”
Shandong, the nation’s second-most populous province, produced 135 million tons of coal last year, while provincial demand was 270 million tons, the commission said. By next year, coal consumption may rise to 311 million tons and output may be less than 150 million tons, the economic planner said. China produced 2.6 billion tons of coal in 2008.
Coal Imports
The bases will be stocked with coal from local mines and possibly imports from countries including North Korea, Indonesia and Vietnam, the commission said, without elaborating.
"Shandong needs more coal from the outside market compared with other provinces, so it’s necessary for them to build some stockpiles,” Wang Shuai, a mining analyst at Orient Securities Co., said by telephone in Shanghai. “On a national level, it may not be that urgent to build coal stockpiles now as China is self-sufficient.”
The four bases will be located in Longkou, Laiwu, Zhucheng and Qihe in the first phase and two more will be built in Rizhao and Heze “when the time is ripe,” the commission said.
The base in Longkou city will start operations in October and will eventually have a capacity of 50 million tons, the commission said.
Source: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ashxl8kfqenM
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Friday, 22 May 09
CHURCHILL DOUBLES INDONESIAN COAL PROJECT RESOURCE ESTIMATE - STEEL GURU
Mining Weekly quoted Churchill Mining as saying that the resource at its East Kutai coal project in Indonesia has more than doubled to 3.18 billion ...
Friday, 22 May 09
INDONESIA`S BUKIT ASAM TO HAVE POWER PLANT IN 2011 - ANTARA
The construction of a power plant in South Sumatra by coal mining company PT Tambang Batubara Bukit Asam will be completed in April 2011.
T ...
Friday, 22 May 09
NOBLE WINS CONTROL OF AUSTRALIA'S GLOUCESTER COAL - BLOOMBERG
Noble Group Ltd., a Hong Kong- based commodity supplier, won control of Australia’s Gloucester Coal Ltd. after last week raising its cash bid ...
Thursday, 21 May 09
FBR STARTS COVERAGE OF SHIPPING SECTOR - REUTERS
Friedman Billings Ramsey began coverage of the shipping industry, saying the sector, which is amidst a deep cyclical downturn, is poised for a recov ...
Thursday, 21 May 09
INDONESIAN COAL PRODUCTION IN Q1 BELOW TARGET - STEEL GURU
Mr Bambang Gatot Ariyono director for coal and mineral development at the Energy and Mineral Resources Ministry said that the coal production in the ...
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- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Minerals Council of Australia
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
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