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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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Tuesday, 13 October 09
JSW ENERGY SCOUTING FOR PARTNERS, ACQUISITIONS
Business-Standard reported that, JSW Energy is planning to become an integrated power company by bringing in a partner for its transmission business ...
Tuesday, 13 October 09
INDIA INTERESTED IN AMERICAN COAL
UPI reported that, Coal India Ltd. in its global expansion efforts is now interested in coal properties in the United States.
The Business Standard ...
Tuesday, 13 October 09
RIVERSDALE MAY USE ZAMBEZI RIVER TO TRANSPORT MOZAMBIQUE COAL
Mining Weekly reported that, ASX-listed coal-miner Riversdale Mining would submit a feasibility study and an environmental-impact study (EIS) for it ...
Monday, 12 October 09
INDONESIAN COAL MINER SAYS PLANS IPO IN 2010
Reuters reported that, Indonesian coal miner PT Bhakti Energi Persada plans an initial public offering in the first quarter of 2010 to develop coal ...
Monday, 12 October 09
BISICHI MINING FINALIZES COAL SUPPLY CONTRACT FOR 2010-2012
Small Cap News reported that, Bisichi, the South Africa based coal mining group, has agreed a three year coal supply contract between its principal ...
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- Savvy Resources Ltd - HongKong
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- Altura Mining Limited, Indonesia
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- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
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- Mjunction Services Limited - India
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- Indonesian Coal Mining Association
- The University of Queensland
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- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
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- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
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- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
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- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
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- Ministry of Transport, Egypt
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- Africa Commodities Group - South Africa
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- Indian Energy Exchange, India
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- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
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- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
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- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Central Java Power - Indonesia
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- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
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- Central Electricity Authority - India
- Australian Commodity Traders Exchange
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- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
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- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
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- Bukit Asam (Persero) Tbk - Indonesia
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- Energy Link Ltd, New Zealand
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- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- White Energy Company Limited
- Chamber of Mines of South Africa
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- Videocon Industries ltd - India
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