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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 $92 a tonne.
Some industry participants also said that utilities in southern China might buy less coal in the second half as many would have already contracted large volumes earlier this year to meet part of their full-year requirements.
Banpu's unit in Indonesia, PT Indo Tambangraya Megah, which also has stakes in power plants in China, said some utilities in southern China have been increasing their coal purchases since April as they step up power production.
"As long as there is a difference between domestic and import prices, China will still be buying coal from overseas," Apimuk Taifayongvichit, chief marketing and logistics planner at Indo Tambangraya Megah, said at the Coaltrans conference in Bali.
"And we do not expect domestic prices to tumble."
Apimuk also said the firm was looking to acquire coal mines in Indonesia to increase the company's production.
Indonesia's Adaro also said China's demand for overseas coal was expected to stay strong in the second half of this year.
"From the signs we've seen, going forward, we can only say it is still looking strong in the second half," said Alastair Grant, Adaro's marketing director
Grant said Adaro was expecting to increase sales to China to about 3.5 million tonnes in 2009, compared with about 2 million tonnes last year. He added that the bulk of that 3.5 million tonnes volume had already been contracted.
Indonesia's largest coal miner, PT Bumi Resources Tbk , said on Monday it had sold about 8 million tonnes of coal to China for delivery in 2009.
Source: http://www.reuters.com/article/rbssEnergyNews/idUSJAK12258320090602
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Sunday, 18 March 12
BUKIT ASAM'S NET PROFIT IN 2011 ROSE 54% TO US$ 339.56 MILLION
COALspot.com - Company revenue for the period January - December 2011 amounting to Rp 10.6 trillion (approximately US$ 1,164,835,164.84) recorded an ...
Saturday, 17 March 12
THE FREIGHT RATES FOR INDONESIA TO INDIA REMAINED FIRM - VISTAAR SINGAPORE
COALspot.com - The market continued to be firm and all segments were up except for Cape Index which was down by 2.46 pct closing at 1,466 points.
...
Saturday, 17 March 12
INDIAN GOVT FINALIZES DRAFT BILL FOR COAL REGULATOR - PTI
The coal sector would soon get a regulator as the government has finalised a draft bill for the purpose, Coal Minister Sriprakash Jaiswal said Wedne ...
Friday, 16 March 12
THE PACIFIC MARKET IS FIRMING UP - FEARNLEYS AS
Handy
A slightly positive trend was seen last week in the Atlantic. Skaw-Passero deliveries fixed around USD 3k to US Gulf, while US Gulf deliveres ...
Thursday, 15 March 12
RAINS AVERAGE SELLING PRICE OF COAL WENT UP BY 22 % IN 2011
COALspot.com - PT. Resource Alam Indonesia Tbk, an Indonesian CCoW (3rd Generation) holder reported Wednesday a 171 percent increase in net profits ...
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- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- London Commodity Brokers - England
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Aditya Birla Group - India
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- The University of Queensland
- Deloitte Consulting - India
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