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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, 11 August 10
CAPESIZE MARKET ON RECOVERY MODE
The dry bulk market, usually dormant in August, has returned on a high note this week, after last week’s gains. Monday proved to be rather buo ...
Wednesday, 11 August 10
BANPU SECURES TAKEOVER LOAN - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, has secured loans worth US$2 billion from Thai and foreign banks to proceed with ...
Tuesday, 10 August 10
KOREA'S EWP TO BUY 4 MILLION TON OF 3700 AND 4600 NAR COAL AT FIXED PRICE
COALspot.com: Korean utility East-West Power out with the tender to buy 0.670 million tons with a minimum calorific value of 4600 NAR and 0.350 mill ...
Tuesday, 10 August 10
COAL CONSTRAINS CORE SECTOR GROWTH IN JUNE 2010
Growth in the six key infrastructure sectors decelerated for the third month in June. This is primarily due to last year’s high base effect. D ...
Sunday, 08 August 10
SOUTH AFRICA INCREASES COAL EXPORTS TO INDIA BY 74% IN JULY, TRADER SAYS
South Africa’s Richards Bay, the continent’s largest coal terminal, increased sales to India by 74 percent in July from June, according ...
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- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
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