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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, 07 February 12
DRY BULK MARKET FINALLY STOPS DECLINE, POSTS FIRST RISE IN MORE THAN A MONTH - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After falling to near record lows, not seen since the mid-80s the dry bulk market has finally stopped its path to "hell", with the industr ...
Saturday, 04 February 12
SUPRAMAX DELIVERY SOUTH CHINA FOR TRIPS VIA INDONESIA WERE REPORTED AROUND $ 6,000 PER DAY - VISTAAR
COALspot.com - The markets continued to soften which dropped by almost 11 pct and BDI closing at 647 points.
The drop in BDI was mainly due to dr ...
Thursday, 02 February 12
NO RELIEF YET FOR DRY BULK SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although at the start of 2012 nobody can claim that the global seaborne trade has suddenly come to a halt, quite the contrary, it seems that the dry ...
Wednesday, 01 February 12
KRISHNAPATNAM PORT - GOING DEEP TO SOAR HIGH
COALspot.com - Krishnapatnam Port now rightfully claims as the deepest draft port in India, as it has started accepting vessels with maximum permiss ...
Wednesday, 01 February 12
IN JAMBI, MOST MINING COMPANIES LACK 'CLEAR-AND-CLEAN' PERMITS - JP
More than three-quarters of the 386 mining companies in Jambi lack “clear-and-clean” certifications from the government, according to an ...
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- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
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