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Wednesday, 14 May 14
COAL PRICES IN CHINA HAVE DROPPED TO THEIR LOWEST LEVELS SINCE END-2008
COALspot.com: Coal prices in China have dropped to their lowest levels since end-2008, Fitch says in its latest rating report on one of the coal mining company in China. Fitch expects coal prices to stabilise as customers start re-stocking and more of the smaller miners in China close, market conditions are not likely to improve meaningfully in the next 12 to 24 months.
Fitch also believes cost control is the only lever coal producers in China still have to weather the weak market conditions over the next two to three years, in the absence of any strong policy support to curb cheaper coal imports.
Fitch also expects China's new price-based resource tax on coal mining - instead of a volume-based tax previously - to exert further pressure on Chinese domestic coal producers.
According to Fitch, the new tax, which is likely to be adopted in the near term, will probably, be around 5% of the selling price. That means the tax burden for coal miners could be roughly five times that under the current volume-based tax, although in practice the impact would be tempered by netting off other taxes against the higher resource tax.
"we expect this could accelerate market consolidation by squeezing out smaller, weaker players, which would benefit larger miners in China in the longer term", Fitch concluded.
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Thursday, 15 May 14
USA COAL CONFERENCE
Press Release: IHS Inc. (NYSE: IHS), the leading global source of information and analysis, will host the Coal USA Conference, June 18-20, 2014, ...
Wednesday, 14 May 14
ALMOST THROUGH THE HALF OF THE YEAR, THE DRY BULK INDEX SHOW SIGNS OF WEAKNESS; CREATING TO BOTH EXISTING SHIP OWNERS AND POTENTIAL INVESTORS A LOT OF INSECURITY - PANOS MAKRINOS
Almost through the half of the year, the overall shipping market and more specifically the Dry Bulk Index show signs of weakness, creating to bo ...
Tuesday, 13 May 14
NPC COAL EXPORT VOLUMES PLUNGE TO 2.48 MMT WEEK ON WEEK
COALspot.com: In the week ended 07:00 hours 12 May 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Quee ...
Tuesday, 13 May 14
YET ANOTHER POSIDONIA EXHIBITION IS ON ITS WAY - INTERMODAL
With less than a month to go before another Posidonia exhibition starts and all the parties and celebrations get under way we thought that it wo ...
Monday, 12 May 14
TAIPOWER TO IMPORT AROUND 1 MMT OF SUB-BITUMINOUS COAL DURING AUGUST 2014 THROUGH NOVEMBER 2014
COALspot.com - Taiwan Power Company intends to procure 1.050 million tons of sub-bituminous coal for Taipower thermal power plant through open t ...
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- Xindia Steels Limited - India
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Minerals Council of Australia
- Planning Commission, India
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Malabar Cements Ltd - India
- The University of Queensland
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Posco Energy - South Korea
- Heidelberg Cement - Germany
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