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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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Thursday, 04 February 10
INDIA`S APPETITE FOR COAL EXPECTED TO RISE SHARPLY
Coal powers more than half of India's electricity plants and demand for the commodity is expected to rise sharply as the third-largest Asian econom ...
Thursday, 04 February 10
COAL PRODUCTION EXPECTED TO REACH 280 MILLION METRIC TONS - INDONESIA UPDATE
Indonesia`s coal production target for 2010 has been set at 275 million to 280 million metric tons, according to the Association of Indonesian Coal ...
Thursday, 04 February 10
MASSEY CEO 'NOT EXCITED' ABOUT PROSPECT OF QUARTERLY COAL PRICING
US coal producer Massey Energy is not in favour of switching to a quarterly pricing schedule for metallurgical coal, from the current annual price b ...
Thursday, 04 February 10
BUKIT ASAM GOES SHOPPING FOR MORE COAL MINES
State-owned coal miner PT Tambang Batubara Bukit Asam has set aside Rp 1.5 trillion ($162 million) to acquire two coal mines in East Kalimantan, pre ...
Thursday, 04 February 10
PTT EYES OVERSEAS COAL
Revenue could reachUS$600 million a year
PTT Plc, Thailand's largest energy company, aims to raise the annual revenue from its overseas coal bus ...
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Showing 6026 to 6030 news of total 6871 |
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- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- The University of Queensland
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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