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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, 17 August 11
TAVESCO KILLARA ENERGY TO ACQUIRE COAL CONCESSIONS IN EAST KALIMANTAN
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...
Wednesday, 17 August 11
BUMI'S H1 UNDERLYING OPERATING PROFIT $62 MILLION
COALspot.com - Bumi PLC , posted underlying first-half operating profit of $62 million and production at PT Bumi Resources and PT Berau increased to ...
Wednesday, 17 August 11
SHIP OWNERS COULD FACE PAIN ON THE BACK OF GLOOMY ECONOMYS PREDICTIONS - HELLENIC SHIPPING
The latest market turmoil, coupled with the renewed risk of a global recession could very well signal more troubled times for ship owners of all shi ...
Tuesday, 16 August 11
CHALLENGER ENTERED INTO CSPA WITH PELANGI KERTANEGARA TO ACQUIRE 100% STAKE
COALspot.com - Challenger Deep Resources Corp., through its wholly owned subsidiary, P.T. Bestindo Energy, has exercised its option to purchase an a ...
Monday, 15 August 11
ADARO ENERGYS NET INCOME MORE THAN DOUBLES IN FIRST HALF 2011
COALspot.com - Indonesian’s second largest coal producer, Adaro Energy, booked net profit US$ 268 million in the first half 2011, rose two-fol ...
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- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
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- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Planning Commission, India
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- Singapore Mercantile Exchange
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- Metalloyd Limited - United Kingdom
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- Commonwealth Bank - Australia
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- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
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- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
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- Power Finance Corporation Ltd., India
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- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
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- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
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- Ministry of Finance - Indonesia
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- Global Coal Blending Company Limited - Australia
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- CNBM International Corporation - China
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- Sarangani Energy Corporation, Philippines
- The University of Queensland
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- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- AsiaOL BioFuels Corp., Philippines
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- Kumho Petrochemical, South Korea
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- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
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- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
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- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
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- Heidelberg Cement - Germany
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- Thiess Contractors Indonesia
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- Kideco Jaya Agung - Indonesia
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- Chamber of Mines of South Africa
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- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
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- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
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- Directorate Of Revenue Intelligence - India
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- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
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