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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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Wednesday, 09 September 09
CHINESE INTEREST IN AUSTRALIA COAL TICKS UP AS PRICES FALL
After a lull of about two months, Australian thermal coal producers are now seeing renewed interest from Chinese buyers for spot cargoes in the four ...
Wednesday, 09 September 09
SALES FORECAST UP ON BETTER DISTRIBUTION
The Jakarta Post reported that, State coal producer PT Tambang Batubara Bukit Asam (PT BA) expects coal sales to rise by 11 percent next year as it ...
Wednesday, 09 September 09
NTPC HIRES MACQUARIE TO ADVISE INDONESIA COAL MINE PURCHASE
Bloomberg reported that, NTPC Ltd., Asia’s biggest power utility by value, has hired Macquarie Group Ltd. to evaluate a proposed coal mine pur ...
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 f ...
Tuesday, 08 September 09
INDIA MAY HAVE A JOINT WORKING GROUP FOR COAL WITH INDONESIA: SRIPRAKASH JAISWAL - PRESS RELEASE
Press Information Bureau of India reported in its web site that, The Coal Ministry has, in principle, agreed to set up a Joint Working Group for coa ...
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- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- The University of Queensland
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Minerals Council of Australia
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
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