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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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Tuesday, 19 January 10
CESC TO BUY 100,000 MT OF INDONESIAN SUB BITUMINOUS COAL
COALspot.com (India): CESC, India’s one of the largest and oldest private power producer is expected to issue a closed tender any time this we ...
Tuesday, 19 January 10
COAL FOR DOMESTIC USERS
While the government is already almost a year behind schedule in issuing regulations to implement the new mining law, mineral producers have been&nb ...
Tuesday, 19 January 10
RISING DEMAND FROM POWER FIRMS TO PUSH COAL PRICES
The resurgence of the Chinese economy, along with harsh winter conditions across the country, is likely to push coal prices up in the short term. In ...
Tuesday, 19 January 10
ESSAR'S MEGA ACQUISITION PLANS
India’s Essar Group has carved a mega plan that includes a slew of acquisitions and investments in assets across various businesses. CNBC-TV18 ...
Monday, 18 January 10
INDONESIA SHIPPED 15.90 PERCENT OF TOTAL COAL EXPORTS IN 2009 TO INDIA
COALspot.com (Indonesia): Indonesia, the world largest coal exporter, exported 19.07 percent of the total coal export in 2009 to China and 15. ...
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- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Economic Council, Georgia
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
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