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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, 07 October 09
COAL INDIA, SHIPPING CORP MAY FORM VENTURE TO IMPORT COAL
The venture may be on the lines of the firm that CIL plans with SAIL for coal imports in which both to hold 25%
Live Mint reported that, State-ru ...
Tuesday, 06 October 09
ASIA COAL-PRICE REBOUND TOWARDS $71 ON TENDER ACTIVITY
Reuters reported that, Prices of power-station coal in Australia, a benchmark for Asia, rose 4 percent in the latest week to near $71 a tonne, bolst ...
Tuesday, 06 October 09
BHARATHI CEMENT TO ADD 2.5 MT CAPACITY BY 2010
Business-Standard reported that, Bharathi Cement Corporation (BCC) commenced its commercial operations from its Nallalingayapalli manufacturing plan ...
Tuesday, 06 October 09
MOZAMBIQUE TO BUILD COAL RAILWAY
BBC reported that, Mozambique's government has announced that it has secured $500m (£313m) to build a new railway line. The transport ministe ...
Tuesday, 06 October 09
COAL INDIA AIMS TO BUY MINE ABROAD BY MARCH
*Coal India to issue its first coal import tender by Nov
*ArcelorMittal, 9 others in race to develop abandoned mines
*52 firms keen to partner coa ...
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- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Planning Commission, India
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
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