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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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Monday, 14 September 09
BOOM FORECAST FOR COAL OUTPUT
SMH.com reported that, A COAL investment boom is driving Australian production to new peaks even as our biggest export markets shift towards cleaner ...
Sunday, 13 September 09
COAL INDIA MAY ACQUIRE ASSETS OF RIO TINTO
Coal India’s plan to acquire overseas mining assets is gathering steam. After a breakthrough in Mozambique, the coal behemoth has received&nbs ...
Saturday, 12 September 09
THE INDIA / FAR EAST SEEMS WILL CONTINUE TO BE SOFT UNTIL THE IRON ORE MOVEMENTS PICKS UP - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market continued to be stable at almost as same levels as last week and the BDI was at 2,468 points.
...
Saturday, 12 September 09
GOVT REQUESTS MORE TIME TO ACQUIRE 21% SHARES IN NNT
The Jakarta Post reported that, the government plans to request a postponement for the acquisition of 21 percent shares in PT Newmont Nusa Tenggara ...
Saturday, 12 September 09
INDONESIAN CO KEEN ON TRADING COAL FOR EQUITY IN POWER PROJECTS
Though most large power project promoters have their own mines in Indonesia, MEC is confident of convincing Indian companies as its price is quite a ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
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- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
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- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
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- Global Green Power PLC Corporation, Philippines
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- Billiton Holdings Pty Ltd - Australia
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- Africa Commodities Group - South Africa
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- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
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- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Planning Commission, India
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- Neyveli Lignite Corporation Ltd, - India
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- PTC India Limited - India
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- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
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- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Minerals Council of Australia
- Videocon Industries ltd - India
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- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
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- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
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