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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, 27 March 12
DRY BULK MARKET KEEP RISING FOLLOWING THE SAME TREND OF LAST WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept its upward momentum this week, on the same reasons of those last week. That is, the smaller ship types are still on the ris ...
Monday, 26 March 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The Baltic Dry Index follows its upward incline for fourth consecutive week by rising to more than 900 points, up by 37% from the bottom low in the ...
Monday, 26 March 12
GOLDEN MINES FY11 REVENUE JUMPS 209% - INSIDER STORIES
Insider Stories reported that, coal miner PT Golden Energy Mines Tbk (GEMS), that is controlled by Sinar Mas Group, recorded a 209% jump in revenue ...
Saturday, 24 March 12
AUSTRALIA'S MINERAL TAX : BENCHMARK FOR OTHER COUNTRIES - SUNIL K KUMBHAT
COALspot.com - Natural resources rich counties like Australia , Indonesia , South Africa , Brazil etc are going through a spectacular resources boom ...
Saturday, 24 March 12
THE AVERAGE CHARTER RATES WAS AT CAPESIZE $ 4,546 PER DAY VS SUPRAMAX / $ 10,819 PER DAY - VISTAAR
COALspot.com - The BDI crossed 900 points this week closing at 908 points up by 3.89 pct. All other sectors were up except for cape index whic ...
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- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- White Energy Company Limited
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- The University of Queensland
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
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