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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, 30 June 11
DRY BULK MARKET SHOWS SIGNS OF FURTHER WEAKENING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market seems to be unable to shake off the additional supply of vessels, an oversupply issue of grave concern that would have occured e ...
Wednesday, 29 June 11
ANOTHER STRONG PERFORMANCE BY CAPESIZE - BRS
Another strong performance by the Capesize market this week, bringing the BCI up 8% to 1,974 points. However the Panamax market was penalised, losin ...
Monday, 27 June 11
THE IRON ORE IMPORTS BY CHINA SEEMED TO SLOW DOWN - VISTAAR
COALspot.com - The BDI was holding as previous week and was just up by 1 point and closed at 1424 points end of last week. The biggest gain was ...
Friday, 24 June 11
THE INDONESIAN GOVERNMENT WILL NOT EXTEND ALL EXPIRED MINING CONTRACTS - JAKARTA UPDATES
The Indonesian Government have decided not to extend all mining concessions under the scheme called Contract of Work and instead will take over the ...
Friday, 24 June 11
BERAU EYEING 70 PERCENT GROWTH IN EBITDA
Indonesia's coal producer PT Berau Coal Energy Tbk (BRAU) is eyeing a 60 -70 percent growth in EBITDA to US$ 560 million-US$595 million this year. ...
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- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- PTC India Limited - India
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
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