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Tuesday, 07 July 09
POWER - STATION COAL MAY RISE ON CHINA DEMAND, SUPPLIES, UBS SAYS
Power-station coal prices in Asia may increase in 2010 because of higher demand from China, the second-largest energy-consuming nation, and supply constraints, UBS AG said.
UBS has raised its 2010 forecast for the benchmark coal grade burned by Japanese utilities to $90 a metric ton from $80 a ton in 2010, analysts from the bank wrote in a report dated yesterday. Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, climbed 6.5 percent to $73.13 a ton in the week ended July 3, according to the globalCOAL NEWC Index.
Bottlenecks at Australian ports, heavy rain in Indonesia and increased imports by China constrained supplies of the fuel to Asian customers in 2007 and drove up prices. Market conditions are expected to tighten starting in the fourth quarter of this year and peak in 2011, UBS said.
“We are once again experiencing an increasingly tighter coal market with a theme developing similar to 2007,” UBS analysts led by Jakarta-based Andreas Bokkenheuser said in the note. China, the biggest producer and consumer of coal, burns the fuel to generate about 80 percent of its electricity.
Power use is increasing in China, as light industries step up production, after heavy industrial growth recovered in June, the UBS analysts said. Australian and Indonesian supply growth remains low and mining shutdowns in China’s Shanxi province have added to regional supply constraints, UBS said.
Price estimates for 2011 to 2013 have been reduced to factor in a possible supply response as coal producers address shortages, the analysts said.
Source: Bloomberg
(http://www.bloomberg.com/apps/news?pid=20601081&sid=aYezGDx3lDu4)
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Tuesday, 07 July 09
TATA POWER AID THE INDONESIAN COAL MINES
BL reported that Mr Prasad Menon MD of TATA Power aid the Indonesian coal mines PT Kaltim Prima Coal and PT Arutmin Indonesia in which TATA Power ha ...
Tuesday, 07 July 09
ECONOMIC SURVEY 2008-09 OPEN UP COAL TO FUEL POWER PLANTS
TOI reported that the coal ministry's efforts at opening doors for full private entry through open bidding in coal mining got a boost, with the Eco ...
Saturday, 04 July 09
FREIGHT FUTURE FOR 3 YEARS UNTIL 2012 WAS FAIRLY SOFT AROUND PANAMAX / US$ 16,000, SUPRAMAX / US$ 13,000 PER DAY
COALspot.com (Singapore): According to Vistaar shipping, an experinced ship operator in Singapore, the freight market was soft with bit nervousness ...
Saturday, 04 July 09
CHINA BUYS 17% OF MINER TECK RESOURCES FOR $1.5 BILLION
* To sell 17.2 percent stake to China Investment Corp
* To raise proceeds of C$1.74 bln
* Shares rise 3.2 percent (Adds details. In U.S. dol ...
Saturday, 04 July 09
MINING CONTRACT SOUGHT FOR COAL AREA IN MASBATE
Because of its coal deposits, a town in Masbate is one of the sites in the country being sought out for exploration and development by mining compan ...
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- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
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