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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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Saturday, 16 May 09
FREIGHT MARKET HAS BEEN EXTREMELY BUOYANT - VISTAAR SINGAPORE
COALspot.com (Singapore): The week saw the BDI rally continuing and the market freight market has been extremely buoyant, VISTAAR Shipping Pte Limit ...
Friday, 15 May 09
INDIKA EXPECTS TO INCREASE COAL PRODUCTION BY 12.68% IN 2010 - THE JAKARTA POST
ENERGY and infrastructure company PT Indika Energy, the parent company of Indonesia's third largest coal producer PT Kideco Jaya Agung, expects its ...
Thursday, 14 May 09
INDONESIA 2009 COAL OUTPUT REVISED DOWN - REUTERS
* Indonesia coal output seen at 240 million tonnes in 2009
* Coal exports down 11.2 pct to 44.79 mln tonnes in Q1 2009
* Production down 1.4 pct t ...
Thursday, 14 May 09
PAKISTAN WILL IMPORT 3.2 MILLION TON OF COAL IN 2009 - SEATRADE
COALspot.com (Pakistan) - SEATRADE Group of pakistan a single largest imported coal supplier in Pakistan, forecasting Pakistan steam coal imports wi ...
Wednesday, 13 May 09
ADARO, ITM EXPECT COAL GROWTH IN 2009
Adaro, which has a market capitalization of $3.64 billion, sells to 48 customers in 18 countries worldwide, including power utilities Thai Power and ...
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- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
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- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
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- Carbofer General Trading SA - India
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- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
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- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
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- The University of Queensland
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- Mercator Lines Limited - India
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- The Treasury - Australian Government
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- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
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- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
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- Trasteel International SA, Italy
- Minerals Council of Australia
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
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- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
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- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Bhatia International Limited - India
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- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
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- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
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- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
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- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
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- Parliament of New Zealand
- Singapore Mercantile Exchange
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