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Friday, 18 September 09
PEABODY ENERGY ESTABLISHES ASIAN COAL TRADING HUB IN SINGAPORE
Peabody Energy announced it has opened an office in Singapore that will serve as the new hub for Peabody COALTRADE International activities in Southeast Asia, further expanding the company's access to high-growth seaborne coal markets.
"Singapore provides a central location to continue growing our leading coal trading and brokerage platform with prime access to the world's fastest-growing markets," said Peabody Chairman and Chief Executive Officer Gregory H. Boyce. "Our presence in Singapore will expand our sourcing and shipping capabilities to China, India, Indonesia and other key Asian markets. The expectation is that these markets will continue to expand at a 5 to 10 percent compound annual growth rate, and Peabody is best positioned to capitalize on that growth."
Pacific seaborne coal demand is very strong as Asian nations lead the world out of recession and drive sustained growth in coal consumption. China is the fastest-growing coal market in the world, and net coal imports are up nearly 150 percent in 2009. India is the fastest-growing coal importer and expects to be short by as much as 200 million tons of coal per year within five years. Australia and Indonesia are the top global coal exporters in the world and are expected to have the largest increases in exports in coming years.
Peabody's Singapore office will be headed by Phillip V. Smith, who has been named Managing Director of Asian Trading, overseeing international trading activities in Singapore and China. Smith has more than 30 years of experience in sales, marketing and trading, and previously served as Director of Trading for Peabody in China. He continues to report to President of Peabody COALTRADE International Paul T. Demzik.
Peabody serves nearly 330 customers in 21 nations on six continents. Peabody has trading offices in China, Australia, the United Kingdom, Venezuela and the United States.
Last year, Peabody nearly doubled its EBITDA contributions from global trading and brokerage activities.
Peabody Energy is the world's largest private-sector coal company, with 2008 sales of 256 million tons and $6.6 billion in revenues. Its coal products fuel 10 percent of all U.S. electricity generation and 2 percent of worldwide electricity.
CONTACT: Beth Sutton (928) 522-7008
Source: Reuters
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Tuesday, 20 October 09
RECAPITAL SET TO BUY INDONESIA'S BERAU COAL - SOURCES
* COULD PAY AT LEAST $1.3 BLN FOR BERAU - SOURCES
* RECAPITAL CONFIRMS IT HAS BID FOR BERAU
* BAKRIE GROUP LIKELY TO BACK BID – SOURCES
...
Tuesday, 20 October 09
COAL PRICES TO SURGE IN 2010 DESPITE AMPLE SUPPLY
Commodity Online reported that, Coal prices are indeed destined to go higher as they follow the rise of ‘coal currencies’ such as Austra ...
Tuesday, 20 October 09
INDIA MAY CUT STAKE IN NTPC BY DECEMBER, POWER SECRETARY SAYS
Bloomberg reported that, India’s government may sell a 5 percent stake in NTPC Ltd., the country’s biggest power producer, as early as D ...
Monday, 19 October 09
COAL PRICE UP AGAIN - RICHARDS BAY TERMINAL
Export prices rose 45 cents, or 0.7%, to an average of 64.05 a metric ton in the week ended Oct. 16, according to McCloskey Group.
The week was & ...
Monday, 19 October 09
COAL MINISTRY SEEKS EXPLANATION FROM AP GENCO
The Hindu Business reported that, the Coal Ministry has asked the Power Generation Corporation of Andhra Pradesh (AP Genco) to explain why there was ...
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- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
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- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Australian Coal Association
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
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