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Friday, 07 August 09
COAL-PRICE FORECAST RAISED AT MERRILL ON CHINA, INDIA DEMAND
Bloomberg reported that, Bank of America Corp.’s Merrill Lynch & Co. unit increased its price forecast for Asian power-station coal because of higher demand from India and China, the second-largest energy-consuming nation.
Merrill raised its projection for the benchmark coal burned by Japanese utilities in the year ending March 31, 2011, to $85 a metric ton from $80, analysts wrote in a note to clients dated yesterday. Goldman Sachs JBWere Pty. last month increased its forecast to $80 from $75 for the same period.
“Surprise strong buying by utilities in India and China” is driving thermal coal demand, Merrill analysts led by Sydney- based Stuart Howe said in the note. Prices at Australia’s Newcastle port, an Asian benchmark, have climbed 27 percent since the end of March and were at $76.58 a ton in the week ended July 31, according to the globalCOAL NEWC Index.
Power-station coal prices at Newcastle are rising on expectations that China will import more of the fuel, emerging demand growth in India, and improved economic conditions as credit markets recover, Merrill said.
Australian and Indonesian coal output have the biggest influence over the trade supply outlook, Merrill said. Rising production costs, declining exploration and development success, and rain in Indonesia suggest “supply growth is now limited,” Merrill said.
Source: Bloomberg
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Thursday, 13 August 09
JAYPEE GROUP. L&T INK RS 4,000-CRORE (US$ 824,818,084) DEAL
Second order bagged by L&T in the supercritical segment.
Jaiprakash Power Ventures Ltd (JPVL), promoted by the $7-billion Jaypee group, has s ...
Wednesday, 12 August 09
COAL INDIA TO IMPORT 4 MLN T 2009/10 - MEDIA
State-run Coal India Ltd plans to directly import 4 million tonnes of coal in the current fiscal year to March 2010, Chairman Partha Bhattacharyya s ...
Wednesday, 12 August 09
CHINA'S LARGEST COAL PRODUCER TO SET UP COAL RESERVES
China's National Development and Reform Commission has commissioned China Shenhua Energy Co., the nation's largest coal producer, to build 10 stor ...
Wednesday, 12 August 09
NALCO SMELTER CONSTRUCTION MAY FACE DELAY
The Jakarta Post reported that, India’s state-run National Aluminum Company (Nalco) may postpone the construction of an aluminum smelter in In ...
Wednesday, 12 August 09
COAL MINE PLAN SHOT DOWN OVER GREEN CONCERNS
The Times of India reported that, In a major setback to Adani Powers, the principal chief conservator of forests (PCCF) has rejected its proposal fo ...
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- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- Posco Energy - South Korea
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
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