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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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- Larsen & Toubro Limited - India
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- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
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- ICICI Bank Limited - India
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- Indogreen Group - Indonesia
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- European Bulk Services B.V. - Netherlands
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- Petrochimia International Co. Ltd.- Taiwan
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- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
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- Bulk Trading Sa - Switzerland
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- White Energy Company Limited
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- Thiess Contractors Indonesia
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- Global Coal Blending Company Limited - Australia
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- Samtan Co., Ltd - South Korea
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- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Parliament of New Zealand
- Ministry of Mines - Canada
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- Electricity Authority, New Zealand
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- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
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- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
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- Merrill Lynch Commodities Europe
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- Price Waterhouse Coopers - Russia
- The University of Queensland
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- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
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- Minerals Council of Australia
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- India Bulls Power Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
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- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
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- Singapore Mercantile Exchange
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- Bangladesh Power Developement Board
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- Planning Commission, India
- Mintek Dendrill Indonesia
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- Eastern Coal Council - USA
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- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
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- Georgia Ports Authority, United States
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- Timah Investasi Mineral - Indoneisa
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- Energy Link Ltd, New Zealand
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