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Tuesday, 08 September 09
SOUTH AFRICAN COAL FALLS MOST IN 11 WEEKS ON EXCESSIVE PRICES
 Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, slid the most in 11 weeks on speculation global prices were too high.
Export prices at the port fell $2.90, or 4.5 percent, to an average of $61.15 a metric ton in the four days to Sept. 4, according to McCloskey Group Ltd. That was the biggest weekly slide since the week ended June 19 and the lowest price in two months. No prices were collected on Aug. 31, a national holiday in the U.K. Delivered prices to northwest Europe dropped 6.3 percent, McCloskey data show.
“People would argue that prices were too high, considering where demand was against supply,” John Howland, an analyst at Petersfield, England-based McCloskey, said today by telephone. Markets around the world have “softened,” he said.
Demand for coal weakened as the worsening world economy spurred companies to cut output, reducing the need for power. The 16-nation euro-zone economy contracted in each of the three quarters through June from a year earlier. The 27-country European Union, which burns coal for about 30 percent of its energy, usually gets more of the fuel from South Africa than any other source. U.K. generators’ coal stockpiles rose to a second straight monthly record in June, government statistics show.
Indian Customers
Richards Bay exported 5.59 million tons of coal in August, 5.9 percent more than a year earlier, the terminal said in an e- mailed response to questions on Sept. 3. Indian customers have bolstered demand. The country faces a coal shortage while planning to almost double power-generation capacity in the five years to March 2012.
At its current shipment rate, Richards Bay will export 58.5 million tons of coal in 2009, compared with capacity of 76 million tons and shipments of 61.79 million tons last year. The terminal, on South Africa’s northeastern coast, is owned by the country’s largest coal exporters, including Anglo American Plc, BHP Billiton Ltd. and Xstrata Plc.
South Africa may export less than 65 million tons of coal this year, Dirk Fourie, Wood Mackenzie’s vice president of consulting for Africa, told the Coaltrans conference in Johannesburg today. National exports may rise to 100 million tons a year by 2020, Xavier Prevost, an independent coal analyst at XMP Consulting, said today in a speech in Johannesburg.
Indonesia, the biggest exporter of power coal in 2007, may produce 240 million tons this year, and output may increase by 20 million to 30 million tons annually, Purnomo Yusgiantoro, the country’s energy and mineral resources minister, told reporters in New Delhi today. About 60 percent of Indonesia’s coal production may be exported, the minister said.
Power station coal prices at the Australian port of Newcastle, a benchmark for Asia, fell 5.8 percent to $66.30 a ton in the week to Sept. 4, according to the globalCOAL NEWC Index. While Richards Bay is the world’s biggest coal-export terminal, Newcastle ships more of the fuel from two terminals.
Source: Bloomberg
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Saturday, 12 September 09
INDONESIAN CO KEEN ON TRADING COAL FOR EQUITY IN POWER PROJECTS
Though most large power project promoters have their own mines in Indonesia, MEC is confident of convincing Indian companies as its price is quite a ...
Saturday, 12 September 09
$1.5B KALIMANTAN COAL RAIL TENDER EXPECTED BY YEAR-END
The Jakarta Globe reported that, In the second announcement on major coal-railway projects in as many days, Central Kalimantan’s top official ...
Friday, 11 September 09
INDONESIA COAL-PRICES AT $66, SUPPLIERS OFFER AT BARGAIN PRICES
Some Indonesian producers were rushing to sell coal at bargain prices to ease excess stocks and catch shipments before the Muslim Eid Al-Fitr festiv ...
Friday, 11 September 09
ALPHA NATURAL EXPECTS HIGHER MET, STEAM COAL PRICES IN 2010
Mining Weekly reported that, There are encouraging signs that metallurgical coal demand in most key global markets is either returning or poised to ...
Friday, 11 September 09
POWER SECTOR'S DEPENDENCE ON COAL TO CONTINUE
The power sector will continue to be largely dependant on coal-based thermal power plants to meet its energy needs for the next 15-20 years, Power S ...
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- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- PTC India Limited - India
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Minerals Council of Australia
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
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