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Saturday, 10 October 09
PT BUMI RESOURCES TO EXPECT 2010 ELECTRIC AND COAL PRICE UP TO US$ 100/T
Indonesia coal producer, PT Bumi Resources recently stated that the revival of the global economy pushes up the demand from power plants and steel manufacturers, the electric and coal price in 2010 may rise by over 40%.
Dileep Srivastava, senior deputy chief executive officer of PT Bumi Resources investors' relationship noted that due to the recovering Asian economy and increasing investment in coal industry, Japan power plants may raise the steam coal price in the fourth quarter of 2010 to around US$100 per ton.
Dileep Srivastava expressed on October 9 in Singapore that the coal demand from China, India and Indonesia will maintain the price higher, however, the demand from the developed countries will continue stay normal.
PT Bumi Resources estimated that the average price of coal mines excluding the freight and other charges is US$61-62 per ton, while the price in 2008 was US$73.30 per ton.
Srivatsava said that the recovering steel demand may tie down the heat energy coal supply and boost the price.
According to the report on October 6, because the global crude steel production in 2010 will climb by 12% to 1.4bln tons setting a record, the hard coking coal price may soar to US$180 per ton from the previous expectation's US$155 per ton.
Srivastava added that PT Bumi Resources plans to increase the coal exports to China and India in 2012 and its production will hike to 100mln tons from last year's 53mln tons, 20% of output to be exported to China and India.
Source: Alibaba
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Wednesday, 14 October 09
INDONESIA MULLS TO LIMIT COAL EXPORT
China View reported that, The Indonesian government planned to limit coal export of up to 150 million tons per year due to the growing coal demand i ...
Wednesday, 14 October 09
SA'S COAL OUTPUT LIKELY TO RISE BY 2011, BOOSTED BY WATERBERG MINES
Mining weekly reported that, South Africa's coal production will struggle to meet demand over the next few years, but coal production could likely ...
Tuesday, 13 October 09
INDONESIA'S BAYAN SEES 2010 COAL OUTPUT UP 42 PCT
Reuters reported that, Indonesian coal miner PT Bayan Resources Tbk (BYAN.JK) said on Tuesday it expects its coal output to increase by 42 percent i ...
Tuesday, 13 October 09
STRAITS ASIA UPBEAT ON MEETING 2009 COAL OUTPUT
Reuters reported that, Singapore-listed coal miner Straits Asia is still optimistic about meeting its coal output target of 9 million tonnes this ye ...
Tuesday, 13 October 09
THERMAL COAL DEMAND IN CHINA DRIVES PRICE INCREASES
Metal Miner reported that, Thermal coal prices have been falling this year; contrary to many other commodities, both metals and energy that hit bott ...
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- Formosa Plastics Group - Taiwan
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- Singapore Mercantile Exchange
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- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
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- Minerals Council of Australia
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- Economic Council, Georgia
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- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Port Waratah Coal Services - Australia
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- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
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- Parliament of New Zealand
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
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- Australian Coal Association
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- The University of Queensland
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- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
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- Sree Jayajothi Cements Limited - India
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- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
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- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
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- Agrawal Coal Company - India
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- Electricity Generating Authority of Thailand
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- The Treasury - Australian Government
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- Grasim Industreis Ltd - India
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- New Zealand Coal & Carbon
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- Georgia Ports Authority, United States
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- Mercuria Energy - Indonesia
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- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
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- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
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- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
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