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Wednesday, 20 May 09
THE WORLD'S TOP COAL TRADING COMPANIES - REUTERS
.jpg) The international physical steam coal market has become increasingly liquid and tradeable during the past five years.
Physical global seaborne coal trade is likely to be over 700 million tonnes in 2009, up from 500 million in 2004, and to keep growing as world demand for coal rises, led by China and India.
End-users still buy the majority of their coal under term contracts but spot trade has boomed and changed in nature during the past two years.
As recently as 2007, most spot trades were simple bilateral deals involving two counterparties. The entry of traders, banks, funds and brokers into the market led to much greater liquidity. Chains of multiple counterparties are becoming the norm.
These new players are also seeking cleared trading of coal swaps and physical cargoes, to introduce some of the tools and methods long-established in the oil market.
Electronic trading platform globalCOAL has over 300 members but there are probably only 25-30 companies actively trading physical coal internationally, traders said.
Swiss-headquartered global commodity giant Glencore has dominated physical trade for over a decade but coal is now attracting other heavyweight oil traders such as Vitol, Trafigura and Mercuria.
Banks have been established players in coal swaps for several years but are becoming more active physical traders.
Morgan Stanley , Merrill Lynch and Macquarie Bank trade in both the Atlantic and Pacific markets. RBS Sempra, the joint trading venture between Royal Bank of Scotland and Sempra Energy were hampered by credit issues earlier this year but have more of a market presence now, traders said.
Since its acquisition of Constellation's coal trading team, Goldman Sachs has expanded its already active coal swaps business into a growing physical coal book.
EDF Trading, the London-headquartered subsidiary of Electricite de France, was the first European utility to develop a substantial coal trading book several years ago.
EDFT is one of the world's largest traders of physical coal and coal swaps, an example being emulated by other utilities which have set up trading arms.
RWE is growing its European coal trading business with a new Singapore office, and has been participating in supply tenders in new areas. RWE won a large chunk of the recent tender awarded by Mexican state utility CFE.
Dusseldorf-based E.ON Trading, a subsidiary of E.ON, the world's largest utility by sales, also aims to branch out from buying coal for its plants' consumption by setting up a separate coal trading book and team to trade physical coal and derivatives.
PHYSICAL COAL TRADING COMPANIES:
GLENCORE is as much a producer as it is a trader of coal through its 35 pct stake in global miner Xstrata Plc, which has coal mining interests in Australia, South Africa, Canada and Colombia. Glencore subsidiaries also own 70 pct of South African miner Shanduka Coal.
CARGILL is a Geneva-headquartered global producer and marketer of food, agricultural, financial and industrial products. Coal is a small part of Cargill's business but the group has been buying stakes in coal mines and developing an Atlantic and Pacific trading book for the past few years.
NOBLE GROUP, headquartered in Hong Kong, trades coal among other commodities. Noble is bidding to buy Australian miner Gloucester Coal Ltd.
VITOL GROUP, one of the world's largest oil traders, began trading coal in 2005 and has become one of the most active players in the Atlantic and Pacific markets. Vitol's turnover was $191.17 billion in 2008.
TRAFIGURA, also one of the world's largest independent oil traders, with turnover of $73 billion in 2008, recently hired two ex-Noble Group coal traders to start a coal book.
MERCURIA ENERGY GROUP LTD, one of the top 5 independent energy traders, already trades coal swaps and is seeking to hire physical coal traders.
LOUIS DREYFUS HIGHBRIDGE ENERGY LLC is headquartered in the U.S. and trades coal among other oil and energy products.
BULK TRADING SA is one of the Lugano-based independent trading companies which have been active players in coal trade globally for many years.
FLAME SA, established in 2003, is another Lugano-based independent energy trader active in Atlantic and Pacific physical coal trade.
PEABODY ENERGY is the world's largest private-sector coal company with 2008 revenues of $6.6 billion. Peabody trades physical coal and swaps from offices in the U.S., UK and in Asia.
UTILITY TRADERS OF PHYSICAL COAL:
EDF TRADING, London-based trading arm of Electricite de France.
RWE Supply & Trading, headquartered in Essen, Germany with offices in the UK and across Europe, acts as the hub of the RWE group's energy trading activities including gas, power and coal.
Dutch utility NUON, although a relatively small European utility compared to E.ON and EDF, became one of the most active traders of coal swaps and physical coal.
Essent, another Dutch utility, has been increasing its physical and swaps coal trade via its Swiss-based trading office.
BANK TRADERS OF PHYSICAL COAL:
MACQUARIE GROUP has been growing its physical and swaps trading business from offices in Australia and the UK.
Others are:
RBS Sempra Energy, Goldman Sachs, Morgan Stanley, Merrill Lynch
Deutsche Bank is due to start a physical coal trading book in June from its London offices.
Source: http://www.reuters.com/article/marketsNews/idUSLI62998020090519?sp=true
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Tuesday, 05 May 09
INDONESIA'S ADARO PAYS $78.6 MLN FOR COAL-BARGING FIRM - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, said late on Monday it paid $78.6 million for a 74 percent stake in Orchard ...
Tuesday, 05 May 09
PHILIPPINES SEMIRARA STILL EXPECTS HIKE IN COAL SALES - BUSINESS MIRROR
DESPITE the anticipated soft demand resulting from the prevailing global financial crisis, the country’s largest coal producer Semirara Mining ...
Monday, 04 May 09
VISTAAR SINGAPORE SAYS, THIS MONTH DRY BULK FREIGHT LIKELY TO COME DOWN
COALspot.com (Singapore) - VISTAAR shipping Services Pte Limited of Singapore, said, the beginning of last week started with bit of weakness an ...
Monday, 04 May 09
PNOC-EC TO GROW COAL OPERATIONS - PHILIPPINE DAILY INQUIRER
LISTED firm Philippine National Oil Co.-Exploration Corp. plans to expand its operations this year to ensure the steady supply of coal and fur ...
Saturday, 02 May 09
BUMI'S FIRST-QUARTER PROFIT RISES 21% ON COAL PRICE - BLOOMBERG
PT BUMI RESOURCES, Asia’s biggest exporter of power-station coal, said first-quarter profit rose 21 percent after it earned higher prices for ...
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- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Planning Commission, India
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- The University of Queensland
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
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