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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, 20 June 09
CHINA'S COAL IMPORTS UP AND EXPORTS DOWN
China’s coal import hit a new monthly high in May, while coal export slumped to a 11-year low, China Securities Journal reported today.
The ...
Friday, 19 June 09
COAL FORUM TO MEET IN BALI NEXT WEEK
Bali will host next week a Southeast Asian forum on coal, involving coal producers, consumers and government representatives.
The Indonesian Ener ...
Friday, 19 June 09
KARNATAKA POWER CORP BEGINS BLENDING INDONESIAN COAL
BL reported that the State Government owned power utility Karnataka Power Corporation Limited has begun blending imported Indonesian coal for its th ...
Thursday, 18 June 09
COAL MINING HALTS AFTER DEADLY BLAST - (UPDATE 2)
All mining activists in Sawahlunto, West Sumatra, are at a standstill after a major underground explosion killed at least 31 miners and buried 12 ot ...
Thursday, 18 June 09
INDIA'S HINDALCO CLOSE TO BUYING AUSTRALIA COAL MINE
India's largest aluminium maker Hindalco Industries is close to acquiring a coal mine in Australia, for about $70-$80 million, The Economic Times r ...
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- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
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- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
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- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Central Java Power - Indonesia
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- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Australian Coal Association
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Agrawal Coal Company - India
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Cement Manufacturers Association - India
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- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
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- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
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- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
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- Kumho Petrochemical, South Korea
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
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- Medco Energi Mining Internasional
- The University of Queensland
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
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- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
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