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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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Monday, 10 August 09
S.KOREA KOSPO ISSUES SPOT, TERM COAL TENDERS
Korea Southern Power Co Ltd (KOSPO) is seeking 1.5 million tonnes of steam coal per year for delivery from October 2009 through September 2012 via a ...
Monday, 10 August 09
POLICY HURDLES DELAY NALCO'S U$$ 4.166 BILLION OVERSEAS PROJECTS
National Aluminium Company Ltd's (NALCO) greenfield projects in overseas markets like Indonesia and Iran are in limbo because of political
...
Monday, 10 August 09
SAIL, TATA STEEL TO REDUCE COAL IMPORTS BY PARADIP PORT
World Shipping News reported that, Steel Authority of India Ltd (SAIL) and Tata Steel have scaled down coal imports through Paradip Port, hit by pre ...
Monday, 10 August 09
NTPC LIKELY TO SET UP POWER PLANTS IN NIGERIA AND SRILANKA
Economic time reported that, National Thermal Power Corporation Limited (NTPC), country's largest power utility, is likely to set up power plants i ...
Monday, 10 August 09
VINACOMIN TO SELL COAL AT MARKET PRICES TO DOMESTIC USERS
VNBusinessNews.com - Reuters reported that Vietnamese government has agreed to let coal monopoly Vinacomin sell coal at market oriented prices to do ...
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- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Indika Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Economic Council, Georgia
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- The University of Queensland
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
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