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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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Saturday, 30 April 11
BUKIT ASAM PROFIT HAS JUMPS 108 PERCENT IN Q1, 2011
The Indonesian state-controlled coal miner PT Bukit Asam Tbk (PTBA) reported a 108.07 percent jump in net profit during the first three months of 20 ...
Saturday, 30 April 11
THE PANAMAX WAS THE BIGGEST GAINER
COALspot.com - The freight market appeared to recover slightly after the Easter holidays. However they market may not move up much and likely to mai ...
Friday, 29 April 11
KOMIPO ISSUES TENDER FOR 710,000 MT OF LCV & HCV COAL
COALspot.com - Korea Midland Power Co. Ltd (KOMIPO) has issued a spot supply tender for supply of total 710,000 MT of thermal coal for delivery betw ...
Friday, 29 April 11
HARUM EYES IDR 2.58 TRILLION COAL TAKEOVER
PT Harum Energy Tbk (HRUM), that is controlled by Indonesian tycoon Kiki Barki, is poised to spend Rp 2.58 trillion (approximately US$ 301.296 mln) ...
Friday, 29 April 11
CHINA'S IMPORTS 27 PERCENT LESS COAL IN Q1 2011 - ICAP SHIPPING
ICAP Shipping reported that, China's coal imports in the first quarter were some 27% down on a year ago at 32.3 Mt (2010: 44.4 Mt). Part of the rea ...
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- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Economic Council, Georgia
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
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