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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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Wednesday, 19 October 11
ADARO ACQUIRES BUKIT ENIM ENERGI - INSIDER STORIES
Insider Stories reported that, Coal miner PT Adaro Energy Tbk, via its subsidiary dubbed PT Alam Tri Abadi, today revealed a 46% stake takeover of a ...
Tuesday, 18 October 11
INDONESIAN PRESIDENT APPOINTS JERO WACIK AS NEW MINISTER OF ENERGY & MINERAL RESOURCES
COALspot.com - Jero Wacik has been appointed as minister of energy and mineral resources of Indonesia replacing Darwin Saleh and Prof. Widjajono Par ...
Tuesday, 18 October 11
DELTA DUNIA MAKMUR HAS PRODUCED 3.0 MILLION TONS OF COAL LAST MONTH
COALspot.com - PT. Delta Dunia Makmur, wholly owned subsidiary, PT Bukit Makmur Mandiri Utama (BUMA), Delta Dunia Makmur has removed 1.4 million bcm ...
Monday, 17 October 11
KOWEPO TO BUY 260,000 MT BITUMINOUS COAL
COALspot.com - KOWEPO has issued a spot tender for 260,000MT of minimum 5,600kcal/kg NAR Bituminous Coal.
The tender document also mentioned tha ...
Monday, 17 October 11
CAPESIZE SHIPPING COSTS CLIMB TO 10-MONTH HIGH ON ORE IMPORTS
The cost to hire capesize vessels climbed to a 10-month high as rising imports of iron ore to China boosted demand for the ships.Monthly iron-ore sh ...
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- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- The University of Queensland
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
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