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Tuesday, 22 September 09
PANAMA CANAL EXPANSION MAY AID COLOMBIA COAL TO ASIA
 * Colombia producers hope for growth in Asia shipments
* Panama Canal will allow smaller coal Capesize vessels
* Australia, Indonesia to remain biggest Asia coal suppliers
Reuters reported that, Colombian coal exporters will seek to take advantage of booming demand in Asia when the Panama Canal expansion is completed in 2013, shipping analysts and Colombian coal producers say.
Colombia, the world's fifth-largest exporter of steam coal, has been hit by falling demand in key European and the U.S. markets, and has been the only producing country unable to sell into Asia due to high freight costs
"They (producers) potentially could be shipping out coal from Colombia across the Pacific. Obviously it would depend on the size of ship and how they develop this canal," said Will Fray, shipping analyst with London-based consultants Maritime Strategies International (MSI).
Colombia is expected to export around 61 million tonnes of coal in 2009, roughly on a par with Russia and South Africa but below Indonesia and Australia.
"The big thing about Colombian coal is it was competing in Europe with South African business, which at the moment has been moving eastwards," Fray added.
The Panama Canal Authority will spend $5.25 billion to expand and deepen the Panama Canal enabling larger bulk vessels and oil tankers to move commodities into the Pacific markets
"The expansion will make it more possible in theory for Colombian coal to move to Asia but there are many factors which make it unlikely to be shipped in large quantities," said a major Colombian producer who declined to be named.
"It's far more likely that South African coal will remain cheaper than Colombian for the Asian market outside of India and that production in Australia and Indonesia will grow to meet any increased local demand," the producer said.
The biggest Colombian producers, including Drummond Coal, Cerrejon and Prodeco, do not expect to be making significant inroads into Asia but see some opportunities for spot sales.
Brazilian energy company MPX Energia remains optimistic, however, that it will be able to sell coal into Asia via the expanded Canal
"The expansion will allow coal shippers to use small capesize vessels of 130,000-140,000 tonnes rather than panamaxes of around half that size. There are always savings when using larger ships," said Peter Norfolk, Director of Consultancy & Research at shipbrokers Simon, Spence and Young (SSY).
"But it's unlikely that exports from Colombia into the Pacific will increase significantly because growth in demand there is more likely to be met by production from nearby producers in Australia and Indonesia," he said.
Thermal coal is shipped globally in capesize vessels of 120,000-150,000 tonnes, panamax vessels of around 65,000-75,000 tonnes and handymax vessels of 45,000-50,000 tonnes.
Asian buyers in China, Japan, South Korea and Taiwan who can discharge cheaper capesize vessels will do so. Indian buyers are forced to use mostly handymaxes because there are few ports which can accept panamaxes and only one which can take capes.
Source: Reuters
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Wednesday, 30 September 09
INDIA CEMENTS SET TO PRODUCE POWER; EYES COAL MINE IN INDONESIA
Financial Express reported that, Tamil Nadu-based India Cements Ltd (ICL) has firmed up plans to produce power to meet its current and future requir ...
Wednesday, 30 September 09
COKING COAL PRICES MAY TOUCH $200/TN IN 2010-11
Business Standard reported that, Driven by surge in imports of coking coal by China, growth in Japanese steel output and signs of recovery in the In ...
Wednesday, 30 September 09
PURNOMO BIDS 'GOODBYE' TO ENERGY MINISTRY
The Jakarta globe reported that, In what could be construed as a resignation speech from a government official — but perhaps wasn’t &mda ...
Tuesday, 29 September 09
MINING AND ENERGY DAY 2009
The Minister of Energy and Mineral Resources, Purnomo Yusgiantoro led the ceremony marking 2009 Mining and Energy Day celebrations, held at the Depa ...
Tuesday, 29 September 09
BUKIT ASAM REDUCES ITS SALES TARGET
Tempo Interactive reported that, PT Tambang Batubara Bukit Asam Tbk has decided to reduce its sales target this year from 14.5 million tons of coal ...
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- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- Minerals Council of Australia
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- VISA Power Limited - India
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
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