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Tuesday, 22 September 09
ASIA COAL-PRICES TOPS $70 AS TRADERS SEEK BARGAINS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, rose for the second week to top $70 a tonne this week, clawing back some of the month's earlier losses, amid increased buying.
Industry sources said traders have resurfaced after prices dropped to their weakest level in 3-½ months, and the buyers were likely hoping that the cargoes could be resold at a higher price in the coming months amid stronger winter demand and tight Australian supplies.
Thermal coal prices on the globalCOAL Newcastle weekly index, a benchmark for Asia, rose $3.30 last week to $70.18 a tonne on Tuesday, based on FOB prices at Australia's Newcastle port.
"Traders are hoping some utilities would be caught short over the coming winter months. Supplies could be tight then since most Australian producers have also sold out their coal for the fourth quarter and Indonesia typically enters the rainy season," said an Australia-based trader.
Three parcels of Australian coal for December delivery were traded at between $71.75-$72.25 a tonne FOB last week on electronic platform globalCOAL, while two more parcels for November delivery were traded at $69 and $70 a tonne each on Monday.
Analysts said Asian prices were also being supported by firm thermal coal prices in China, which would encourage Chinese utilities to seek cheaper supplies overseas.
"China domestic coal prices have held up around $85 per tonne for the past three months, suggesting lower prices are unsustainable for local suppliers and have encouraged imports," the Australia & New Zealand Bank said in a note.
China's coal imports fell to 11.774 million tonnes in August, down 15 percent from 13.887 million tonnes in July, the General Administration of Customs said on Tuesday.
Source: Reuters
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Wednesday, 26 August 09
COAL INDIA MAY HIKE COAL PRICES BY UP TO RS 175 (ABOUT US$ 3.60) A TONNE
The Economic Times reported that, state-owned Coal India may hike coal prices by up to Rs 175 (~ US$ 3.60) a tonne to close the gap between domestic ...
Tuesday, 25 August 09
KOREA TO INTRODUCE COAL-MINING ROBOTS TO REDUCE THE RISK OF HUMAN LOSSES FROM CONVENTIONAL MINING
Far East Gizmos reported that, The state-run Korea Coal Corp. (KOCOAL) signed a memorandum of understanding (MOU) on Monday with three Korean engine ...
Tuesday, 25 August 09
INDIA'S GNFC EXTENDED ONLINE BIDDING FOR PURCHASE OF 260,000 T COAL TO 23RD SEPTEMBER 2009
COALspot.com (India): Gujarat Narmada Valley Fertilizers Co. Ltd. (GNFC) invites offers (e-Tender) for supply of 130,000 MT +/- 5% on firm basis and ...
Tuesday, 25 August 09
ANTAM CONSIDERS ACQUIRING BHP
The Jakarta Post reported that, State mining company PT Aneka Tambang (Antam) is contemplating acquiring BHP Billiton's coal concessions in Central ...
Tuesday, 25 August 09
COAL OUTPUT TO RISE IN H2 BUT EXPORTS TO GO FLAT
The leading english news paper in Indonesia reported that, It is estimated coal production will rise by 5.7 percent in the second semester from a ye ...
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- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
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