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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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Thursday, 06 August 09
CASES FILED AGAINST ESSAR ALGOMA OVER TERMINATED COAL SHIPMENTS
Steel Guru reported that, It is reported that units of International Coal Group Inc and Arch Coal Inc have filed federal lawsuits in the same court ...
Thursday, 06 August 09
COMPULSORY MINE RECLAMATION PROPOSED FOR A MINING'S LIFETIME
Tambang reported that, A data from the Forestry Ministry showed that almost 65 percent of mining activities operated under contract of work, c ...
Thursday, 06 August 09
MINING PERMITS FOR THOSE COMMITTED TO SMELTER DEVELOPMENT ONLY
Tambang reported tht, Concrete and tangible endeavors are key to guarantee the attainment of added value from mining sector. The Indonesian Ministry ...
Thursday, 06 August 09
PRESS RELEASE - CZECH COAL CONTESTS THE J&T AND IPO MERGER
Prague, 3 August 2009 - The Czech Coal Group filed today objections to the proposed merger of the J&T Group and International Power Opatovice (I ...
Wednesday, 05 August 09
SMALLER DRY BULK CARRIERS TO FARE BETTER UNTIL THE END OF 2009 - SHIPPING
Marcor Shipping reported that, Smaller ship types are expected to outtake larger ones in dry bulk trade for the period until the end of the year. Th ...
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- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- GMR Energy Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
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