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Monday, 05 October 09
SOUTH AFRICAN COAL RISES ON INDIAN BUYING, DOMESTIC DEMAND
 Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, rose for a second week on Indian buying and as rising domestic need potentially curbed supply.
Export prices at the port gained 60 cents, or 1 percent, to an average of $61.40 a metric ton in the week ended Oct. 2, according to McCloskey Group Ltd. They are 54 percent down for the past 12 months on weaker European power demand as companies cut jobs and output because of a recession. Demand may revive after Germany and France returned to growth. Europe gets more coal from South Africa than any other single source.
“Indians are still willing to buy,” Manqoba Madinane, an analyst at Standard Bank Group Ltd. in Johannesburg, said by phone. “There is also a sense of increased demand within the country, so I would suggest there’s probably less to export.”
South Africa’s electricity demand has returned to a level last seen before the recession, Business Report said today, citing Andrew Etzinger, spokesman for Eskom Holdings Ltd., the state-owned power utility. India, facing a coal shortfall, may increase imports to 60 million tons in the year ending March compared with 57 million tons a year earlier, N.C. Jha, a director at Coal India Ltd., told reporters in New Delhi today.
RBS Global Banking & Markets raised forecasts last week for thermal coal to generate power and coking coal to make steel, citing higher-than-expected production costs.
Thermal Coal
Thermal coal will sell for $75 a ton in the year ending March 31, 2011, up from a previous $70 estimate, Warren Edney, an analyst in Sydney, wrote in a report dated Oct. 1. Coking coal will sell at $150 in the period, 15 percent more than the earlier forecast, he said.
Richards Bay exported 5.59 million tons of coal in August, 5.9 percent more than a year earlier, the terminal said in an e- mailed response to questions on Sept. 3. At its current shipment rate, it will export 58.5 million tons of coal in 2009, compared with capacity of 76 million tons and shipments of 61.79 million tons last year.
The terminal is owned by South Africa’s largest coal exporters, including Anglo American Plc, BHP Billiton Ltd. and Xstrata Plc.
Power-station coal prices at the Australian port of Newcastle, a benchmark for Asia, rose 0.2 percent to $69.85 a ton in the week to Oct. 2, according to the globalCOAL NEWC Index. While Richards Bay is the world’s biggest coal-export terminal, Newcastle ships more of the fuel from two terminals.
Source: Bloomberg
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Monday, 14 September 09
BOOM FORECAST FOR COAL OUTPUT
SMH.com reported that, A COAL investment boom is driving Australian production to new peaks even as our biggest export markets shift towards cleaner ...
Sunday, 13 September 09
COAL INDIA MAY ACQUIRE ASSETS OF RIO TINTO
Coal India’s plan to acquire overseas mining assets is gathering steam. After a breakthrough in Mozambique, the coal behemoth has received&nbs ...
Saturday, 12 September 09
THE INDIA / FAR EAST SEEMS WILL CONTINUE TO BE SOFT UNTIL THE IRON ORE MOVEMENTS PICKS UP - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market continued to be stable at almost as same levels as last week and the BDI was at 2,468 points.
...
Saturday, 12 September 09
GOVT REQUESTS MORE TIME TO ACQUIRE 21% SHARES IN NNT
The Jakarta Post reported that, the government plans to request a postponement for the acquisition of 21 percent shares in PT Newmont Nusa Tenggara ...
Saturday, 12 September 09
INDONESIAN CO KEEN ON TRADING COAL FOR EQUITY IN POWER PROJECTS
Though most large power project promoters have their own mines in Indonesia, MEC is confident of convincing Indian companies as its price is quite a ...
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- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- The University of Queensland
- Siam City Cement - Thailand
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- VISA Power Limited - India
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
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