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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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Friday, 25 April 14
2ND MYANMAR ELECTRIC POWER CONVENTION 2014 IS THE GATEWAY TO MYANMAR POWER INDUSTRY!
Press Release: 2nd Myanmar Electric Power Convention (MEPC) 2014 is scheduled on 21-23 October, 2014 at Traders Hotel in Yangon, Myanmar. MEPC o ...
Friday, 25 April 14
DRY BULK MARKET LOOKING FOR NEW TRACTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market seems to have gained its footing after the past few dissapointing weeks, during which the Baltic Dry Index (BDI) shedded mos ...
Thursday, 24 April 14
HANDY : A FLOW OF FRESH REQUIREMENTS LIFTING THE PACIFIC SLOWLY TO US$ 10-11 K BSS SINGAPORE FOR COAL ROUNDS
Handy
There is still no place to hide in the Atlantic for the smaller but flexible sizes. Slow and weak seems to be the headlines, although th ...
Wednesday, 23 April 14
EUROPE WOULD BE HARD PRESSED TO REPLACE RUSSIAN GAS, FITCH RATINGS SAYS
A ban on Russian gas imports to the EU would cause substantial disruption to Europe's economy and industry, Fitch Ratings says. In the immed ...
Wednesday, 23 April 14
KOMIPO INVITES BIDS FOR LOW VOLATILE BITUMINOUS COAL
COALspot.com : Korea Midland Power Co., Ltd. has invited bids through International open bidding for 90,000 Metric Tons (MT) of low volatile bit ...
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- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Parliament of New Zealand
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- The University of Queensland
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- VISA Power Limited - India
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
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