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Monday, 10 August 09
VIET NAM COAL EXPORTS HIT 13.5 MILLION TONNES
 VietNamNet Bridge reported that, Viet Nam exported more than 13.5 million tonnes of coal in the first seven months of this year, equal to the same period last year.
Coal for both domestic consumption and export earned Vinacomin more than VND20 trillion.
Buyers were primarily China, Japan, Thailand, India, Malaysia, South Korea and Europe, said Tran Xuan Hoa, general director of the Viet Nam National Coal and Mineral Industries Group (Vinacomin).
Local consumption was 10.98 million tonnes, also equal to the same period last year.
Coal for both domestic consumption and export earned Vinacomin more than VND20 trillion (US$1.1 billion), of which VND12 trillion ($667 million) was from exports, Hoa said.
Vinacomin plans to export 3 million tonnes of coal this year. Despite its estimated 42 billion tonnes of coal reserves, the company is struggling to cater for steeply rising domestic energy demand of 17-20 per cent a year and plans to lower its export target.
Coal for China
Vinacomin was expected to export 10.5 million tonnes of coal to China for the second half of this year and the first quarter of next year, said Pham Minh Chau, head of Vinacomin's export department.
The coal utility would sell 2.5 million tonnes of fine anthracite coal to China through the Van Gia transhipment area in the northeastern province of Quang Ninh by directly signing contracts with Chinese companies. Coal could be exchanged for goods under these contracts, he said.
More than 336,000 tonnes of coal was sold through the Van Gia transhipment area from mid-May to mid-July at a price of $38 per tonne, representing 93.92 per cent of the volume signed with Chinese companies.
Of the figure, Hon Gai fine anthracite coal 11C accounted for 160,000 tonnes, the official added.
The Hon Gai fine anthracite coal 11A sold under contracts signed between the two governments was sold for $46 per tonne last June, Chau said.
Direct coal trading between Vietnamese and Chinese companies resumed last March after it was banned in May 2007 due to rampant coal smuggling in Quang Ninh.
Within a day in May 2007, 104 ships were seized in Van Gia for illegal coal transport because domestic prices were lower than international ones.
Chinese buyers were small companies in Guangxi province's Dongxing, the only port linking China and Viet Nam by both land and water, Chau said.
Now demand for coal is not as high as in early 2008 due to the global economic crisis, Chau said.
China, the world's largest coal producer and consumer, is expected to be a net coal importer for the first time in 20 years, as low prices in the international market and sluggish demand discourage exporters, according to analysts.
Several analysts have forecast that Chinese domestic coal prices, now hovering around $89 a tonne, could rise in the coming months on the back of summer demand and economic growth. China's power output rose on the year in June for the first time since last October, thanks to a pick-up in the economy and rising temperatures.
Supply has also been improving, as some of China's small coal mines are slowly returning to production, months after being shut down for strict safety inspections ordered by the central government.
Source: VietNamNet Bridge
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Tuesday, 25 August 09
COAL OUTPUT TO RISE IN H2 BUT EXPORTS TO GO FLAT
The leading english news paper in Indonesia reported that, It is estimated coal production will rise by 5.7 percent in the second semester from a ye ...
Tuesday, 25 August 09
INDIAN FIRM TO INVEST $44 MN IN INDONESIA
Economic Times - India Times reported that, BEML Limited, India-based second largest heavy equipment producer in Asia, will invest $44 million in In ...
Tuesday, 25 August 09
BHARAT LOOKS TO BULLDOZE RIVALS WITH LOWER PRICES
The Jakarta Globe reported that, The country’s two established heavy equipment suppliers now have a competitor in the form of Indian firm Bhar ...
Tuesday, 25 August 09
PIKE RIVER DELAYS COAL EXPORTS FROM NEW ZEALAND MINE
South African mining Weekly reported that, The first 60,000-t export shipment from ASX-listed Pike River Coal’s new mine has been delayed unti ...
Monday, 24 August 09
INDONESIAN GOVT ASKED TO CONTROL COAL TRADERS, BROKERS
The Jakarta Post, the leading English news paper in Indoneisa reported that, Businesses are urging the government to bring all coal traders and brok ...
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- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
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- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
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- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Planning Commission, India
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Economic Council, Georgia
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- The Treasury - Australian Government
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- SMG Consultants - Indonesia
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- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
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- Price Waterhouse Coopers - Russia
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- Timah Investasi Mineral - Indoneisa
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- Chamber of Mines of South Africa
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- Electricity Authority, New Zealand
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- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- White Energy Company Limited
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- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
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- Heidelberg Cement - Germany
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- Eastern Coal Council - USA
- Singapore Mercantile Exchange
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- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
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- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
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- Ambuja Cements Ltd - India
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- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
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- Mintek Dendrill Indonesia
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- Bangladesh Power Developement Board
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- Renaissance Capital - South Africa
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- Parliament of New Zealand
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
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- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
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- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
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- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
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- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
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- Parry Sugars Refinery, India
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- PNOC Exploration Corporation - Philippines
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- Thai Mozambique Logistica
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- The University of Queensland
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- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
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- SN Aboitiz Power Inc, Philippines
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- Billiton Holdings Pty Ltd - Australia
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- Ministry of Finance - Indonesia
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