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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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Friday, 25 September 09
INDONESIA STOCK EXCHANGE EXAMINES BUMI DEAL WITH CHINESE SOVEREIGN WEALTH FUND
The Jakarta globe reported that, The Indonesia Stock Exchange is looking into the $1.9 billion financing deal between PT Bumi Resources, the country ...
Friday, 25 September 09
FREIGHT RATE CUTS MAKING SOUTH AFRICAN COAL MORE COMPETITIVE IN ASIAN MARKETS
Mining Weekly reported that, Coaltrans South Africa MD Gerard Strahan highlighted the country’s sudden increase in coal exports to southern Ch ...
Friday, 25 September 09
XSTRATA TO BUILD ITS OWN RAIL CAPACITY TO SHIP AUSTRALIAN COAL
Bloomberg reported that, Xstrata Plc, the world’s largest exporter of coal used by power stations, will establish its own rail haulage capacit ...
Thursday, 24 September 09
INDIA CEMENT CO'S TO AWARD 200,000T COAL TENDER
Reuters reported that, India's biggest cement maker ACC Cement Ltd and Gujarat Ambuja will award on Thursday Sept 25 a tender for 100,000 tonnes ea ...
Thursday, 24 September 09
YUDEAN TO SIGN CO-OPERATION LETTER OF INTENT WITH RUSSIA COAL TRADE COMPANY
In the recent days, Gao Shiqiang, deputy manager of Yudean Group Co., Ltd. went and carried out the friendly talks with SUEK and inked the trade co- ...
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- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
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- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
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- International Coal Ventures Pvt Ltd - India
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- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
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- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
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- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Economic Council, Georgia
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Indika Energy - Indonesia
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