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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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Wednesday, 13 May 09
INDONESIA ADARO NET PROFIT, REVENUE TO RISE IN 2009 - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, expects double-digit growth in revenue and net profit this year, an officia ...
Wednesday, 13 May 09
ALPHA TO BUY RIVAL, CREATING NEW US COAL HEAVYWEIGHT - MININGWEEKLY.COM
Alpha Natural Resources, the biggest supplier of metallurgical coal in the US, has agreed to buy Maryland-based rival Foundation Coal for about $1,4 ...
Tuesday, 12 May 09
CHINA MINERS CUT COAL PRICE OFFER TO JAPAN UTILITIES - ALIBABA.COM
* Producers cut offer to $75.50 a tonne from over $80
* Negotiations may conclude soon as price gap narrows
* New offer at discount of about 43 pe ...
Tuesday, 12 May 09
INDO TAMBANGRAYA SEES 2010 COAL OUTPUT UP 25 PCT - REUTERS
Indonesian coal miner, PT Indo Tambangraya Megah (ITMG.JK), expects coal output to increase by up to 25 percent next year as production kicks in at ...
Tuesday, 12 May 09
INDIKA EXPECTS TO INCREASE COAL PRODUCTION BY 12.68% IN 2010 - THE JAKARTA POST
Energy and infrastructure company PT Indika Energy, the parent company of Indonesia's third largest coal producer PT Kideco Jaya Agung, expects its ...
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- LBH Netherlands Bv - Netherlands
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- Price Waterhouse Coopers - Russia
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- Minerals Council of Australia
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- Mercator Lines Limited - India
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- The University of Queensland
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
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- Merrill Lynch Commodities Europe
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- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
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- Australian Commodity Traders Exchange
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- SMG Consultants - Indonesia
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- European Bulk Services B.V. - Netherlands
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- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
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- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
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- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
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- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Planning Commission, India
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- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
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- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
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- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
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- Indogreen Group - Indonesia
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- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
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- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
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- Ministry of Mines - Canada
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- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
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- Mercuria Energy - Indonesia
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- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
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- Salva Resources Pvt Ltd - India
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- PNOC Exploration Corporation - Philippines
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- Singapore Mercantile Exchange
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- Petron Corporation, Philippines
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- MS Steel International - UAE
- The Treasury - Australian Government
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- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
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- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
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- Therma Luzon, Inc, Philippines
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- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
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- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
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- London Commodity Brokers - England
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