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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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Saturday, 12 September 09
$1.5B KALIMANTAN COAL RAIL TENDER EXPECTED BY YEAR-END
The Jakarta Globe reported that, In the second announcement on major coal-railway projects in as many days, Central Kalimantan’s top official ...
Friday, 11 September 09
INDONESIA COAL-PRICES AT $66, SUPPLIERS OFFER AT BARGAIN PRICES
Some Indonesian producers were rushing to sell coal at bargain prices to ease excess stocks and catch shipments before the Muslim Eid Al-Fitr festiv ...
Friday, 11 September 09
ALPHA NATURAL EXPECTS HIGHER MET, STEAM COAL PRICES IN 2010
Mining Weekly reported that, There are encouraging signs that metallurgical coal demand in most key global markets is either returning or poised to ...
Friday, 11 September 09
POWER SECTOR'S DEPENDENCE ON COAL TO CONTINUE
The power sector will continue to be largely dependant on coal-based thermal power plants to meet its energy needs for the next 15-20 years, Power S ...
Friday, 11 September 09
L&T EYES AUSSIE COAL MINE
Commodity Online reported that, Larsen and Toubro is in talks to buy a thermal coal mine in Australia for about $300 million. Thermal coal is used f ...
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- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- GMR Energy Limited - India
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- AsiaOL BioFuels Corp., Philippines
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Minerals Council of Australia
- India Bulls Power Limited - India
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
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