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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, 22 July 09
TAIPOWER RECEIVES 37 OFFERS IN TENDERS
State utility Taiwan Power has received offers for 37 panamax cargoes of bituminous and sub-bituminous coal in two tenders involving 12 panamax ship ...
Wednesday, 22 July 09
PRIME MINISTER APPROVAL SOUGHT TO HIKE COAL PRICES IN INDIA
PTI reported that decrying the low prices of the industrial fuel, the coal ministry will approach Dr Manmohan Singh PM of India next month for raisi ...
Tuesday, 21 July 09
BHATIA SAYS GETS ORDER FOR 800,000T COAL FROM KPCL
Reuters reported that, Indian traders Bhatia received on Tuesday a purchase order for 800,000 tonnes thermal coal at $63.00 C&F from Karnataka P ...
Tuesday, 21 July 09
NZ'S PIKE RIVER SAYS SELLS COAL AT $128 PER TONNE
Reuters reported that, New Zealand miner Pike River Coal said on Tuesday it had sold its premium hard coking coal at $128 a tonne for the curr ...
Tuesday, 21 July 09
NEWCASTLE COAL EXPORTS FALL 5%, SHIP QUEUE INCREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 5 per ...
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- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
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- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
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- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
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- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
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- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
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- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
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- Thiess Contractors Indonesia
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Economic Council, Georgia
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
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- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
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- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
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- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- Planning Commission, India
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
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