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Monday, 17 August 09
COAL IMPORTS SURGE IN H1
China is one of the world's leading coal producers. But even so, imports of coal have surged in the first half of the year, hitting a record in June. CCTV reporter tells us how this is putting pressure on the domestic industry.
At Guangzhou's port, workers are busy unloading imported coal, while many other ships wait in queue.
Guangzhou Port Worker said "The imported coal comes from Indonesia, Vietnam, and Australia. Imports have increased significantly since April, and have broken records since May."
Other major Chinese ports are also seeing surging coal imports. The coal producing province of Shanxi is seeing its effects.
Qu Sen, GM of Coal Department of Tianjin Jun'an Coal & Coke Chemical Co. said "Shanxi province was always exporting coal through Tianjin's port. But this year, the port is supplying coal to Shanxi. "
Industry insiders say surging imports will add pressure to the domestic coal industry.
Jiang Zhimin, Deputy Chairman of China National Coal Association said "Rising imports will squeeze the domestic market. With increasing output in the domestic coal industry, supply will exceed demand. Domestic coal enterprises will face some operational difficulties. They may suffer losses, lay offs or salary cuts. This will affect employment in the whole industry."
Statistics from the Ministry of Industry and Information Technology show coal net imports reached 36.6 million tons in the first half of the year. Net imports in June set a monthly record of 16 million tons.
Source: CCTV
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Friday, 21 August 09
HUANENG YIMIN TO HIKE COAL OUTPUT
China Daily, the largest English portal in China reported that, China's first large coal-electricity joint project, Huaneng Yimin Coal Electricity ...
Thursday, 20 August 09
INDONESIA'S DELTA DUNIA BUYS COAL FIRM FOR $550 MLN
* Delta Dunia to acquire BUMA for $550 million
* Expect to complete the deal in the fourth quarter of 2009
* Delta Dunia has appointed Barclays Ca ...
Thursday, 20 August 09
MUNDRA PORT BAGS MORMUGAO PORT COAL TERMINAL DEVELOPMENT CONCESSIONS
NDTV reported that, Mundra Port and Special Economic Zone (Mundra Port) the largest private port in India has won the bid for the development of coa ...
Thursday, 20 August 09
INDONESIA'S BUKIT ASAM SET FOR MINE ACQUISITIONS
* Allocates $150 million for coal mine acquisitions
* Expects one deal to be completed by the end of 2009
Reuters world's largest international ...
Thursday, 20 August 09
INDONESIAN COAL EXPORT LESSENS IN FIRST SEMESTER
Domestic coal use has grown by five million tons.
Viva News reported that, Domestic coal export up until the first half of 2009 decreased by four ...
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- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
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- McConnell Dowell - Australia
- Siam City Cement - Thailand
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Australian Coal Association
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- Petron Corporation, Philippines
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- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
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- Siam City Cement PLC, Thailand
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- Bangladesh Power Developement Board
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- Chamber of Mines of South Africa
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- Price Waterhouse Coopers - Russia
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- White Energy Company Limited
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- Economic Council, Georgia
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- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Indonesian Coal Mining Association
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- The University of Queensland
- Altura Mining Limited, Indonesia
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- Latin American Coal - Colombia
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- PetroVietnam Power Coal Import and Supply Company
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- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
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- Minerals Council of Australia
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- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
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- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
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- Indian Energy Exchange, India
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- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
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- Electricity Authority, New Zealand
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- Parry Sugars Refinery, India
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- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
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- Global Coal Blending Company Limited - Australia
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