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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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Monday, 27 July 09
MIDDLE EAST COAL TO MOVE ON $1B EAST KALIMANTAN PROJECT
The Jakarta globe reported that, Middle East Coal reiterated on Monday that it would push ahead its $1 billion development program for East Kutai Re ...
Monday, 27 July 09
SHORT AND ONE YEAR PERIOD RATES FOR SUPRAMAX WAS FIRM AT AROUND US$ 18, 000 -18,500 PER DAY
COALspot.com (Singapore): The Supramax charter rates up sharply last week (ended 24th July 2009), especially India / Far East region said, Capt ...
Monday, 27 July 09
COKING COAL, IRON-ORE LIKELY TO BENEFIT NON-INTEGRATED STEEL PRODUCERS
Economictimes reported that, The second half of the financial year 2008-09 was one of the toughest periods for steel companies, especially the non-i ...
Monday, 27 July 09
GMR ENERGY BUYS EMCO POWERGEN SUBSIDIARY
DNA India reported that, Thane-based transformer manufacturer Emco Ltd has sold its stake in unlisted power generation subsidiary Emco Energy to Ban ...
Sunday, 26 July 09
CESC PLANS 2000 MW POWER PLANT IN BIHAR
Jai Bihar reported that, RPG flagship company CESC Ltd on Friday unveiled its plan to set up a 2,000 MW power generation plant at Pirpainti near Bha ...
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- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- ICICI Bank Limited - India
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- PTC India Limited - India
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Therma Luzon, Inc, Philippines
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