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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, 13 March 10
OPTIMUM COAL AIMS TO RAISE R1,6 BILLION IN LISTING
All Africa reported that, COAL mining and exploration company Optimum Coal yesterday announced plans to list on the JSE at the end of the month ...
Thursday, 11 March 10
THE INDIAN MARKET WAS A BIT QUIET BUT STILL FIRM - FEARNLEYS AS
Handy - Atlantic activity has kept its firm tendency throughout the week for handies, with Atlantic RV´s fixed in the USD.16000 region. With s ...
Thursday, 11 March 10
COAL PRICES SET TO RISE AMID CONFUSION OVER QUARTERLY SYSTEM
Trading room reported that, Coal prices are tipped to rise in coming months amid constrained supply and ongoing Chinese demand, and analysts are con ...
Wednesday, 10 March 10
PROTECTED FORESTS NOW UP FOR GRABS FOR MINING
The Jakarta Post reported that, the government has just issued two new regulations on forests, which could allow protected forests to be used for co ...
Tuesday, 09 March 10
REGULATION NO.23 OF 2010 CONCERNING IMPLEMENTATION OF NEW MINING LAW, PROVIDES MORE CLARITY ON OBTAINING A IUP
COALspot.com: Indonesian government has recently issued another regulation related to Law number 4 of 2009 concerning mineral and coal mining. Two r ...
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- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
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