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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, 27 January 10
ASIA'S 2010 STEAM COAL IMPORTS TO REACH 460 MLN T
* China to import up to 100 mln T of steam coal in 2010
* China, India seen investing in southern Africa assets
Asian imports of steam coal will ...
Wednesday, 27 January 10
PEABODY ENERGY EYES 'RED HOT' ASIAN COAL DEMAND
US miner Peabody Energy has seen already-strong Asian markets become “red hot”, as demand for metallurgical and thermal coal strains sup ...
Wednesday, 27 January 10
KOLKOTTA BASED POWER UTILITY CESC LOOKING FOR 100,000 MT OF COAL FOR MAY & JUNE DELIVERY
COALspot.com (India): Kolkotta based power utility CESC, the flagship company of the diversified RPG group of India, has issued a closed tender to b ...
Tuesday, 26 January 10
FREIGHT COST ERODES INDIA CEMENTS NET
"Freight cost increased from an average of around 14% of sales in the previous quarters to around 20% in the third quarter"
The Decembe ...
Tuesday, 26 January 10
VITOL BUYS EXPORT SPACE AT COLOMBIA SANTA MARTA PORT
Global energy trader Vitol has signed a four-year deal to take export capacity at Colombia's 3 million tonnes a year Carbonsan port in Santa Marta, ...
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- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Economic Council, Georgia
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- PTC India Limited - India
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Planning Commission, India
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
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