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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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Thursday, 08 September 11
TRADA MARITIME BUYS GUNUNG BARA UTAMA
Insider Stories reported that, PT Trada Maritime Tbk (TRAM) has purchased convertible bonds issued by PT Awesome Coal from Zakia Limited. The memora ...
Thursday, 08 September 11
PETROSEA ADDS US$730 MIO CONTRACT
Coal mining contractor PT Petrosea Tbk (PTRO), a majority owned subsidiary of energy integrated company PT Indika Energy Tbk (INDY), has secured a U ...
Wednesday, 07 September 11
ANOTHER EXCEPTIONALLY STRONG WEEK FOR THE CAPESIZE MARKET - BRS
The very strong rise in Cape rates pushed through an overall improvement in the BDI this week, although relatively little benefit from the Capes has ...
Wednesday, 07 September 11
INDIA HIT BY INDONESIAS COAL PRICE - TEMPO INTERACTIVE
TEMPO Interactive, an Indonesian online news portal reported that, The Indian government has complained about the price increase of Indonesian coal, ...
Wednesday, 07 September 11
SAMPUR POWER AGREEMENT SIGNED - DAILY NEWS
Daily News, Sri Lank's national news paper reported that, the agreement for the setting up of a 500 MW coal-fired power plant at Sampur, Trincomale ...
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- Romanian Commodities Exchange
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- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
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- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
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- PNOC Exploration Corporation - Philippines
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- Marubeni Corporation - India
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- CNBM International Corporation - China
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- Chamber of Mines of South Africa
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- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
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- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
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- Metalloyd Limited - United Kingdom
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- Interocean Group of Companies - India
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- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
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- Thai Mozambique Logistica
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- Leighton Contractors Pty Ltd - Australia
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- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
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- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Malabar Cements Ltd - India
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- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
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- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
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- Thiess Contractors Indonesia
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- IEA Clean Coal Centre - UK
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- Mintek Dendrill Indonesia
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- Ministry of Mines - Canada
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- Power Finance Corporation Ltd., India
- Minerals Council of Australia
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- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
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