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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, 17 May 10
INDONESIA SHIPPED 15.51 PERCENT LESS COAL IN APRIL THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 23,331,542 MT of coal in April 2010, compare to 27.61 million tons in ...
Monday, 17 May 10
S. AFRICA CUTS EUROPE COAL SUPPLY, ASIA SALES RISE, TRADER SAYS - BLOOMBERG
Bloomberg reported that, South Africa’s Richards Bay Coal Terminal, Europe’s biggest source of the fuel burned for power, cut shipments ...
Monday, 17 May 10
GREEK CRISIS TO SEE FREIGHT RATES FALL BANGKOK POST
The Greek debt crisis will likely cause shipping rates to fall this quarter enabling SET-listed Precious Shipping Plc to buy second-hand vessels at ...
Monday, 17 May 10
NEWCASTLE COAL QUEUES COULD BE HISTORY - THE HERALD
NEWCASTLE'S infamous coal queues could be a thing of the past if a plan to have the ships anchor over the horizon succeeds against the doubts of it ...
Sunday, 16 May 10
THREE FIRMS SHORTLISTED FOR CIL'S $ 2BN OVERSEAS PROJECTS - ECONOMIC TIMES
Economic Times reported that, State-owned Coal India Ltd (CIL) has shortlisted US firms Massey Energy and Peabody Energy, besides Indonesian Novem/S ...
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- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- The University of Queensland
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- PTC India Limited - India
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Thai Mozambique Logistica
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