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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, 14 September 09
INDONESIAN GOVT UPBEAT ABOUT $1.5B, 185-KM COAL RAILWAY PROJECT
In addition to a 30-year concession right, the government will also award a competitive pricing scheme as an incentive to lure investors in a US$1.5 ...
Monday, 14 September 09
BOOM FORECAST FOR COAL OUTPUT
SMH.com reported that, A COAL investment boom is driving Australian production to new peaks even as our biggest export markets shift towards cleaner ...
Sunday, 13 September 09
COAL INDIA MAY ACQUIRE ASSETS OF RIO TINTO
Coal India’s plan to acquire overseas mining assets is gathering steam. After a breakthrough in Mozambique, the coal behemoth has received&nbs ...
Saturday, 12 September 09
THE INDIA / FAR EAST SEEMS WILL CONTINUE TO BE SOFT UNTIL THE IRON ORE MOVEMENTS PICKS UP - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market continued to be stable at almost as same levels as last week and the BDI was at 2,468 points.
...
Saturday, 12 September 09
GOVT REQUESTS MORE TIME TO ACQUIRE 21% SHARES IN NNT
The Jakarta Post reported that, the government plans to request a postponement for the acquisition of 21 percent shares in PT Newmont Nusa Tenggara ...
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- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- The University of Queensland
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Australian Coal Association
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