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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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Saturday, 20 June 09
MINING LICENSE PROCEDURES `PROPER' - (UPDATE 3)
All 13 coal mining firms operating in Sawahlunto, West Sumatra, complied with procedures in obtaining their licenses, authorities say, as a recent m ...
Saturday, 20 June 09
TECK SEES 2009 COAL SALES AT UPPER-END OF FORECAST
* Sees 2009 coal sales at upper-end it of prior forecast
* Says increased Chinese demand, driving brighter outlook
Teck Resources Ltd said on Fr ...
Saturday, 20 June 09
COAL OUTLOOK DARKENS AS PRODUCERS LOOK FOR PRICING FLEXIBILITY
Russia’s coal output has dropped 17% in the first quarter of the year, with slowing demand and rising tariffs adding gloom to the outlook for ...
Saturday, 20 June 09
AUSTRALIA'S NEWCASTLE THERMAL COAL PRICES FALL 7.7% TO $70.81
Power station coal prices at Australia’s Newcastle port, a benchmark for Asia, fell 7.7 percent, declining for the first time since the week e ...
Saturday, 20 June 09
CHINA'S COAL IMPORTS UP AND EXPORTS DOWN
China’s coal import hit a new monthly high in May, while coal export slumped to a 11-year low, China Securities Journal reported today.
The ...
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- Bhatia International Limited - India
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- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- The University of Queensland
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
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- Indogreen Group - Indonesia
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- Ministry of Transport, Egypt
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- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
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- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
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- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
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- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- Electricity Generating Authority of Thailand
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- Wilmar Investment Holdings
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- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Parliament of New Zealand
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- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
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- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- White Energy Company Limited
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