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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, 21 July 10
CHARTER RATES FOR BIG SHIPS GO INTO FREEFALL
It is reported that concerns over the slowdown in the mainland construction sector posturing over ore price negotiations and a general summer slowdo ...
Wednesday, 21 July 10
FEWER SHIPS SOLD FOR SCRAP IN JUNE, ADDING PRESSURE TO FREIGHT RATES
The easing of vessel tonnage supply should be among the main concerns among ship owners, especially those active in dry bulk shipping. The reason is ...
Wednesday, 21 July 10
BUKIT ASAM SEALS RP900 BIO COAL DEAL
Souce: Insider Stories
Insider Stories reported that, State-Owned coal producer PT Tambang Batubara Bukit Asam Tbk (PTBA) have agreed t ...
Wednesday, 21 July 10
TUAH TURANGGA BUYS ABP US$ 15.9 MIO
Source: Insider Stories
Insider Stories reported that, Komatsu heavy equipment PT United Tractors Tbk (UNTR) through its wh ...
Tuesday, 20 July 10
CHINA'S RELIANCE ON COAL TO DROP 7% BY 2015 - XINHUA NET
Xinhua Net reported that, China's coal consumption is likely to drop to 63 percent of total energy consumption by 2015, down from 70 percent last y ...
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- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
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- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
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- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
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- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
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- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
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- Cement Manufacturers Association - India
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- Indian Oil Corporation Limited
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- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
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- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
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- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
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- Xindia Steels Limited - India
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- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
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- Bangladesh Power Developement Board
- Australian Coal Association
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- Chamber of Mines of South Africa
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- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
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- Medco Energi Mining Internasional
- The University of Queensland
- Standard Chartered Bank - UAE
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- Toyota Tsusho Corporation, Japan
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