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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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- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- White Energy Company Limited
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Ministry of Mines - Canada
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Australian Coal Association
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
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