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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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Thursday, 16 July 09
JAPAN'S J - POWER STARTS OPS AT NEW 600 MW COAL UNIT
Reuters, a worlds leading news agency reported that, Electric Power Development Co (J-Power) said on Thursday it started commercial operations at it ...
Thursday, 16 July 09
DELIVERY OF COAL MINE EXPLORATION THROUGH NEWCASTLE PORT ROSE 11 PERCENT
July 16th, 2009 Newcastle is a port in Australia that provides services in the delivery of coal from Australia to other countries. Newcastle port ha ...
Thursday, 16 July 09
CIL KEEN ON JOINT VENTURES
* Targets to raise production by 10 m tonnes by 2012
* Plans to tap reserves of abandoned mines
The Hindu, an Indian news paper reported that, t ...
Wednesday, 15 July 09
COAL INDIA INVITES EOI FOR COAL MINING IN FOREIGN COUNTRIES
Economict Tmes reported that, Coal India, a leading PSU with a status of Navratna, today, invited Expression of Interest for selection of strategic ...
Wednesday, 15 July 09
BANGLADESH TO IMPORT COAL FROM INDIA FOR 1 MORE YR
Bangladesh has decided to import coal from neighbour India for another year to save foreign exchange and time, a commerce ministry official said on ...
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- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- MS Steel International - UAE
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- The University of Queensland
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- White Energy Company Limited
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
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