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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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Friday, 26 June 09
BAYAN TARGETS GROSS PROFIT TO RISE BY 86.2 PERCENT
Local coal producer publicly listed PT Bayan Resources is targeting this year's gross profit to rise by 86.2 percent on the back of higher sales vo ...
Thursday, 25 June 09
INDIA'S ULTRATECH BUYS 500,000T S.AFRICA COAL
Indian cement maker Ultratech has bought 10 handymax cargoes of South African coal at $73.00-$74.00 a tonne CIF for July-September delivery, Indian ...
Wednesday, 24 June 09
NTPC BURNS MORE COAL TO PRODUCE ELECTRICITY
A tonne of coal is the same as another tonne of coal, you might think.
But power major NTPC Ltd is finding that this year’s coal is not yie ...
Wednesday, 24 June 09
NTPC, COAL INDIA TO BUY MINING ASSETS OVERSEAS
State-owned utility National Thermal Power Corporation (NTPC) and the largest coal producer Coal India are in advanced stages of acquiring mining as ...
Tuesday, 23 June 09
NEWCASTLE WEEKLY COAL EXPORTS DECREASE 15%; SHIP QUEUE RISES
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 15 percent last week while the numb ...
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- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- CNBM International Corporation - China
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- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
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- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
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- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Planning Commission, India
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- PTC India Limited - India
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
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- Indian Oil Corporation Limited
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- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
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