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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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Tuesday, 08 April 14
PORT OF NEWCASTLE SHIPPED 2.90 MMT OF POWER PLANT AND SEMI-SOFT COKING COAL IN A WEEK
COALspot.com: In the week ended 07:00 hours 7 April 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensla ...
Tuesday, 08 April 14
RBCT SHIPPED 53.79% MORE COAL IN MARCH 2014
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the single largest export coal terminal in the world, shipped 6.90 million to ...
Tuesday, 08 April 14
APRIL 2014 INDONESIAN COAL PRICE REFERENCE DROPS TO LOWEST SINCE JANUARY 2010
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has revised down again the coal bench mark price by US$ 2.20 / MT to ...
Tuesday, 08 April 14
TALKING ABOUT A ONE-HORSE RACE - GEORGE LAZARIDIS
Ever since the onslaught of the financial crisis, China along with the other BRIICs, have played a pivotal role in supporting global economic gr ...
Monday, 07 April 14
WEEKLY SUB-BIT FOB INDONESIA COAL SWAP CLAIMS EDGE FALL; TREND NEGATIVE
COALspot.com: Indonesian coal swaps for average Q4’ 2014 lost on month, day and on week according to AsiaClear OTC coal swap's reports ...
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- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- The University of Queensland
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- VISA Power Limited - India
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
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