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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, 12 May 09
BANPU'S PROFIT DOUBLES TO RECORD AFTER SALES JUMP - BLOOMBERG
BANPU Pcl, Thailand’s biggest coal producer, reported first-quarter profit more than doubled to a record after higher prices for the fuel boos ...
Tuesday, 12 May 09
COAL IN PLACE, GMR PLANS 2,000-MW THERMAL PLANT - BUSINESS-STANDARD
GMR ENERGY, a subsidiary of Bangalore-based infrastructure company GMR Infrastructure Ltd, is planning to set up a 2,000-Mw thermal power plant near ...
Monday, 11 May 09
SOUTH AFRICA PROBLEMS SLOW INDIA COAL BUYING - MINE WEB
Indian imports of South African coal are likely to be close to 12 million tonnes in 2009, up from 10 million last year.
Indian coal buyers were a ...
Saturday, 09 May 09
THE WEEK SAW BIT OF HECTIC ACTIVITY IN THE FREIGHT MARKET - VISTAAR SHIPPING
COALspot.com (Singapore) : VISTAAR Shipping Pte Limited, one of the experienced ship operator in Singapore, said, the week saw bit of hectic ac ...
Saturday, 09 May 09
CHINA PLANS TO BUILD COAL STOCKPILE BASES IN SHANDONG - BLOOMBERG
China, the world’s largest coal producer and consumer, plans to build stockpiles of the fuel in the eastern province of Shandong to ensure sup ...
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- Videocon Industries ltd - India
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- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
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- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
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- Merrill Lynch Commodities Europe
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- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
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- Singapore Mercantile Exchange
- India Bulls Power Limited - India
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- Grasim Industreis Ltd - India
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- Ministry of Mines - Canada
- Parry Sugars Refinery, India
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- Alfred C Toepfer International GmbH - Germany
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- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
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- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
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- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Posco Energy - South Korea
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
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- Globalindo Alam Lestari - Indonesia
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- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
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- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- The University of Queensland
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
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- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
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- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
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- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
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- Altura Mining Limited, Indonesia
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- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
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- Medco Energi Mining Internasional
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- Indian Energy Exchange, India
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- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
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- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
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- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
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- Energy Link Ltd, New Zealand
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- Ministry of Transport, Egypt
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