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Tuesday, 02 June 09
CHINA OVERSEAS COAL DEMAND TO STAY BUOYANT-MINERS (REUTERS)
 China's demand for overseas coal is expected to stay strong in the second half as long as prices of imported coal maintain a discount to domestic prices, two key Indonesian producers said on Tuesday.
The Indonesian unit of Thai Banpu said China's appetite for coal was still robust, while Indonesia's No. 2 coal miner PT Adaro also said Chinese demand for imported material was expected to stay robust.
There have been growing concerns among some producers and traders that China's recent hunger for overseas coal could soon fade following spikes in Asian thermal coal and freight prices in recent weeks, which are fast eroding the price advantage for southern Chinese utilities of purchasing the fuel.
Australian coal prices on the globalCOAL Newcastle index, a benchmark for Asia, jumped by nearly $3 from Friday and struck the psychologically important level of $70 a tonne on Monday, while port coal prices at China's top coal port Qinhuangdao were hovering at around $92 a tonne.
Some industry participants also said that utilities in southern China might buy less coal in the second half as many would have already contracted large volumes earlier this year to meet part of their full-year requirements.
Banpu's unit in Indonesia, PT Indo Tambangraya Megah, which also has stakes in power plants in China, said some utilities in southern China have been increasing their coal purchases since April as they step up power production.
"As long as there is a difference between domestic and import prices, China will still be buying coal from overseas," Apimuk Taifayongvichit, chief marketing and logistics planner at Indo Tambangraya Megah, said at the Coaltrans conference in Bali.
"And we do not expect domestic prices to tumble."
Apimuk also said the firm was looking to acquire coal mines in Indonesia to increase the company's production.
Indonesia's Adaro also said China's demand for overseas coal was expected to stay strong in the second half of this year.
"From the signs we've seen, going forward, we can only say it is still looking strong in the second half," said Alastair Grant, Adaro's marketing director
Grant said Adaro was expecting to increase sales to China to about 3.5 million tonnes in 2009, compared with about 2 million tonnes last year. He added that the bulk of that 3.5 million tonnes volume had already been contracted.
Indonesia's largest coal miner, PT Bumi Resources Tbk , said on Monday it had sold about 8 million tonnes of coal to China for delivery in 2009.
Source: http://www.reuters.com/article/rbssEnergyNews/idUSJAK12258320090602
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Monday, 24 October 11
CAPESIZE RENTAL RATES RISE FOR THIRD DAY AS MORE SHIPS HIRED - HELLENIC SHIPPING
Rates to hire capesize vessels advanced for a third day on signs of increased demand to transport iron ore, used to make steel.Daily rates for the s ...
Sunday, 23 October 11
CHINA LOOKING TO RESELL INDONESIAN COAL CARGOES - BARCLAYS
Commodity Online reported that, Anecdotal evidence has suggested that China is even looking to resell Indonesian cargoes back into the seaborne coal ...
Saturday, 22 October 11
THE SHORT-PERIOD RATES FOR PANAMAX REMAINED FIRM - CAPT. REDDY
COALspot.com - "The market seemed to slow down a bit this week, and all sectors were down by about One to five percent", said Capt. Reddy, ...
Saturday, 22 October 11
WILL THE PROPOSED 26 PERCENT PROFIT SHARING CLAUSE IN THE MINING BILL SPEED UP THE PRODUCTION OR SCARE AWAY INVESTORS? - DIPESH DIPU
A draft law has been approved by a ministerial panel headed by Finance Minister Pranab Mukherjee of India which, if passed by the Cabinet, will make ...
Saturday, 22 October 11
INDONESIA'S GOLDEN ENERGY SLASHES ITS IPO PRICE - THE JAKARTA GLOBE
The Jakarta Globe reported that, Golden Energy Mines, a coal mining company affiliated with Sinar Mas Group, lowered its target in an initial public ...
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- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Australian Coal Association
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
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