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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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Wednesday, 05 August 09
PEOPLE'S MINING SHOULD BE REGULATED UNDER RPP MINERBA
The Indonesian Institute of Science (LIPI) has called on the government to include a specific provision for people’s mining in the draft govern ...
Tuesday, 04 August 09
SRI LANKA IS LOOKING FOR 650,000 TON OF COAL NEXT YEAR FOR ITS FIRST 900 MW POWER PLANT.
COALspot.com ( Sri Lanka) : Lanka Coal Company Limited was issued a tender on 23 July 2009 to purchase 650,000 +/- 20% MT Bituminous Coal per a ...
Monday, 03 August 09
ONE YEAR CHARTER RATES FOR SUPRAMAX WAS AT AROUND USD 18,500 - VISTAAR SINGAPORE
COALspot.com (Singapore) : The freight market was flat this week with hardly any change in the BDI.The cape was up by about 4 pct and closed at 5,38 ...
Saturday, 01 August 09
APGENCO SAYS BOUGHT 500,000T MALAYSIAN COAL
The Malaysian Insider reported that, Indian state utility Andhra Pradesh Power Generation Corporation Ltd (Apgenco) has bought 500,000 tonnes of Mal ...
Thursday, 30 July 09
KOMIPO OFFERED 3 MILLION MT IN TENDER, TEN TIMES OVERSUBSCRIBED
Korea Midland has received offers for 3 million mt of bituminous steam coal in its latest tender despite the power utility seeking only 300,000 mt, ...
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- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- The University of Queensland
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
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