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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, 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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- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Economic Council, Georgia
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- London Commodity Brokers - England
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- The University of Queensland
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
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