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Friday, 07 August 09
CHINESE DEMAND FOR FOREIGN COAL SOARS
 Mining Weekly reported that, Chinese coal imports rocketed by 126,3%, year-on-year, in the first half of this year, the country’s customs authorities have revealed. In quantitative terms, the first semester’s coal imports amounted to 48,3-million tons, despite the fact that China is the world’s biggest coal producer.
According to a separate report, from Reuters, between 140 000 t and 150 000 t of the coal imported by China came from South Africa. Total South African coal exports to Asia (excluding India and Pakistan) in the six months to June were some 1,4-million tons, which represented a minor increase over 2008 levels. It is, however, forecast that South African coal exports to Asia will amount to about three-million tons for 2009, a significant increase from last year’s figure of around two-million tons.
The Asian market, in general, is reported to be extremely price sensitive, which is why coal from relatively distant South Africa is rarely competitive in the region. On the other hand, South African coal is extremely competi- tive in the nearby Indian market, and exports to that country have shot up. South African coal is increasingly becoming the preferred option in the Indian market.
Indeed, it is believed that price is the driving force behind China’s rapidly increasing coal imports. Many Chinese collieries are high-cost producers, and consumers of the energy mineral are finding it cheaper to import coal from Indonesia, Australia, Vietnam and even Russia, than to buy it locally.
The China Mining Association reports that the Chinese government’s four-trillion-yuan stimulus package started having an impact during the first half of the year. One result is that coal prices in that country are steadily increasing owing to increased demand from the electricity generation, cement, chemicals and steel industries, as well as the market’s inflationary expectations.
China International Capital Corporation has increased its forecast for the growth in Chinese coal consumption this year from 1,3% to 3,7%, and for next year from 3,2% to 5,3%. Despite the increase in imports, analysts at Chinese brokerage Galaxy Securities report that the country’s two top coal-miners, China Shenhua Energy and China Coal Energy, were able to nego- tiate 10% increases in their contract prices for coal, while a third company, Yanzhou Coal Mining, achieved a 4% increase. Galaxy Securities foresees a growth rate of between 4% and 10% in contract coal prices this year.
The China Mining Association reports that, in the first ten days of July, China’s electricity generation amounted to 83,08-billion kilowatt hours, which was almost the same for the corresponding period last year and was a 9,9% increase month-on-month. During the first 15 days of July, the Chinese power sector consumed 30,47-million tons of coal, an almost 17% increase month-on-month.
For the period January to May, Chinese cement production was 570-million tons, a year-on-year increase of 13,3%, with a growth rate of 4,3%. Demand for cement is expected to grow during the next three months, partly thanks to the Chinese government’s stimulus package. The other reason is the fact that this is the traditional peak cement consumption season. In addition, there is some recovery in the property sector.
Recovery in parts of the chemicals sector has been much weaker, and demand in some downstream industries remains weak.
Source: Mining Weekly
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Sunday, 09 August 09
TNEB ENNORE PORT CALLS TO TRIPLE COAL OUTPUT
World Shipping News reported that, the Tamil Nadu Electricity Board (TNEB) has asked Ennore Port Ltd (EPL) to increase the port’s installed ca ...
Saturday, 08 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market tumbled this week and the BDI dropped by almost 17% and closed at 2,772 points.
The cape and panam ...
Saturday, 08 August 09
SULTAN MINING SIGNS P8-BILLION, 10-YEAR COAL-SUPPLY CONTRACT WITH KEPCO POWER CORP.
COAL developer Sultan Mining and Energy Development Corp. (SMEDC) reported on Thursday that its subsidiary MG Mining and Energy Corp. signed an P8-b ...
Friday, 07 August 09
NEED TO HIKE DOMESTIC PRICES - COAL INDIA
WSJ reported that, The chairman of Coal India Ltd., the country's biggest coal producer, Friday said there was a need to hike domestic coal prices ...
Friday, 07 August 09
INDONESIA COAL NEWS UPDATES
PTBA to Produce 13 Million Tons
President Director of Tambang Batubara Bukit Asam (PTBA), Sukrisno has estimated coal production of the company th ...
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- VISA Power Limited - India
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
- Medco Energi Mining Internasional
- Australian Coal Association
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- London Commodity Brokers - England
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
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