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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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Wednesday, 12 August 09
COAL INDIA TO IMPORT 4 MLN T 2009/10 - MEDIA
State-run Coal India Ltd plans to directly import 4 million tonnes of coal in the current fiscal year to March 2010, Chairman Partha Bhattacharyya s ...
Wednesday, 12 August 09
CHINA'S LARGEST COAL PRODUCER TO SET UP COAL RESERVES
China's National Development and Reform Commission has commissioned China Shenhua Energy Co., the nation's largest coal producer, to build 10 stor ...
Wednesday, 12 August 09
NALCO SMELTER CONSTRUCTION MAY FACE DELAY
The Jakarta Post reported that, India’s state-run National Aluminum Company (Nalco) may postpone the construction of an aluminum smelter in In ...
Wednesday, 12 August 09
COAL MINE PLAN SHOT DOWN OVER GREEN CONCERNS
The Times of India reported that, In a major setback to Adani Powers, the principal chief conservator of forests (PCCF) has rejected its proposal fo ...
Tuesday, 11 August 09
INDONESIA'S COAL EXPORTS TO INDIA WILL BE EXEMPTED FROM DUTIES STARTING JANUARY 1, 2013 - BERITA SORE
Berita sore reported that, ASEAN is scheduled to sign a long-awaited Free Trade Agreement (FTA) with India in Bangkok on Thursday aimed at boosting ...
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- Sree Jayajothi Cements Limited - India
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- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
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- GVK Power & Infra Limited - India
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- The State Trading Corporation of India Ltd
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
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- Dalmia Cement Bharat India
- SMC Global Power, Philippines
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- Jaiprakash Power Ventures ltd
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- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
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- Port Waratah Coal Services - Australia
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- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
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- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
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- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
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- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
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- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
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- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
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- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
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- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- The Treasury - Australian Government
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- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
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- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
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- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
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- Antam Resourcindo - Indonesia
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- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
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- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
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- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
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- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
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- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
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- Merrill Lynch Commodities Europe
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- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
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- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
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- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
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- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
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- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- New Zealand Coal & Carbon
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- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
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- Sindya Power Generating Company Private Ltd
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- Sakthi Sugars Limited - India
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- Global Business Power Corporation, Philippines
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