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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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Monday, 13 September 10
CIL IN TALKS WITH SHIPPING CORP TO FORM JV FOR COAL IMPORTS
Shipping Corporation of India, the largest domestic shipping liner, may form a joint venture with Coal India for coal imports, a top company officia ...
Monday, 13 September 10
FREIGHT MARKETS MAY BE A BIT SOFT THIS WEEK - VISTAAR SINGAPORE
COALspot.com: The freight market continued its upward trend with the BDI almost touching 3000 points. However the uncertainty seems to continue with ...
Friday, 10 September 10
INDONESIAN RAILWAY CONTRACT STILL UP FOR BIDDING - LOGISTICS WEEK
The tender process for a $2.2bn project to build a coal-transporting railway line in Central Kalimantan province, Indonesia, is still underway and n ...
Friday, 10 September 10
WCI INTO CHINA WITH IRON ORE ARE AIMING AROUND $ 20K - FEARNBULK
Handy
The rates are firm in every corner of the world. However it still looks Atlantic/Baltic/Black Sea offer better employment opportunities for ...
Thursday, 09 September 10
INDIANS BALCO TO BUY 50 K OF 3,000 TO 4,500 GAR CALORIFIC VALUE COAL
COALspot.com: Bharat Aluminium Company Limited (BALCO) is a subsidiary of Sterlite Industries (India) Limited and part of Vedanta Resources PLC, a L ...
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- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- VISA Power Limited - India
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- The University of Queensland
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Planning Commission, India
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
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