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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, 02 July 18
THIESS SECURES NEW QCOAL NORTHERN HUB $480M CONTRACT
Thiess has been awarded a new A$480 million contract by QCoal to continue operations at the QCoal Northern Hub located in Queensland’s Bowen ...
Friday, 29 June 18
THE LBH GROUP AND RHENUS PLAN TO ESTABLISH A JOINT COMPANY
Press Release: The port services provider, the LBH Group, and the logistics specialist Rhenus, are planning to cooperate closely in the European in ...
Friday, 29 June 18
SUPRAMAX: INDO / CHINA COAL ROUNDS PAYING AROUND USD HIGH 11000 - FEARNLYS
Capesize
Its been an interesting week with a strong demand for ships out of Brazil, making C3 rates remain around USD 19 pmt said Fearnlys in i ...
Friday, 29 June 18
JAPAN'S TOHOKU ELEC, GLENCORE ABANDON APRIL-MARCH COAL CONTRACT TALKS - REUTERS
Japan’s Tohoku Electric Power Co Inc and Glencore Plc have abandoned talks on annual thermal coal supplies after failing to reach an agreemen ...
Wednesday, 27 June 18
SHIPPING MARKET INSIGHT - APOSTOLOS ROMPOPOULOS
After the abolishment of the trade embargo against Iran, there was a lot of optimism from the country’s side, as after quite some time a numb ...
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- Australian Coal Association
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
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