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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 $6.6 billion in revenues. Its coal products fuel 10 percent of all U.S. electricity generation and 2 percent of worldwide electricity.
CONTACT: Beth Sutton (928) 522-7008
Source: Reuters
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Sunday, 04 October 09
GRASIM TO CONSOLIDATE CEMENT BIZ
The Statesman reported that, India's largest cement producer Aditya Birla group today said it would consolidate its cement businesses by merging Gr ...
Sunday, 04 October 09
GOVT THREATENS TO CANCEL COAL BLOCK ALLOTTED TO BINANI CEMENT
Economic Times reported that, The government has threatened to cancel a coal block allocated for captive use to Binani Cement saying the company see ...
Saturday, 03 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The BDI firmed up this week by almost 8 pct to 2,357 points , the main reason being jump in Cape size index by almost 22 p ...
Friday, 02 October 09
C&O SEES INDONESIA COAL PURCHASES UP 20 PCT IN 2010
Reuters reported that, Dubai-based coal trader Coal & Oil (C&0) expects its coal purchases from Indonesia to increase by at least 20 percent ...
Thursday, 01 October 09
MJUNCTION LAUNCHES INDIA'S FIRST COAL SPOT PRICE INDEX
• Named 'MJcomposite, MJsteel, MJcement, MJpower' the value weighted index will benefit Indian coal buyers by minimising risk against pr ...
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- Central Electricity Authority - India
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- The University of Queensland
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Eastern Energy - Thailand
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- Thai Mozambique Logistica
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