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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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Monday, 07 September 09
VALE SPENT $300 MILLION AT MOZAMBIQUE COAL MINE
Bloomberg rported that, Vale SA, the world’s biggest iron- ore producer, has so far spent about $300 million of the $1.3 billion investment in ...
Monday, 07 September 09
INDIA MAY BOOST COAL IMPORTS FROM INDONESIA - PLAN JVS
WSJ reported taht, India agreed to study setting up joint ventures with Indonesian companies to acquire coal assets, and look at other means of impo ...
Monday, 07 September 09
INDIAN COAL MAY NOT POWER NEW UMPPS
The Economic Times reported that, bidders for new ultra mega power projects (UMPP) may not get assured coal supplies from domestic mines. As per the ...
Saturday, 05 September 09
THE ECI / CHINA (S7) ROUTE SOFTENED BY ALMOST 12% AND THE CHARTER HIRE WAS AT US$ 16,346 PER DAY - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI almost same as last week at 2,415 points.The Panamax index went up b ...
Saturday, 05 September 09
SHANXI AIMS TO MAINTAIN 2009 COAL OUTPUT AT LAST YEAR'S LEVEL
Interfax-China reported that, Shanxi Province, the country's second-largest coal producing region, is aiming to keep its annual coal output a ...
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- Vizag Seaport Private Limited - India
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- IEA Clean Coal Centre - UK
- The University of Queensland
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- Eastern Energy - Thailand
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- Billiton Holdings Pty Ltd - Australia
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- London Commodity Brokers - England
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- LBH Netherlands Bv - Netherlands
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- Baramulti Group, Indonesia
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- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
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- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
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- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
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- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
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- Grasim Industreis Ltd - India
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- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
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- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
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- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
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- Meralco Power Generation, Philippines
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- Ministry of Transport, Egypt
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- Jorong Barutama Greston.PT - Indonesia
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- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
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- Standard Chartered Bank - UAE
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- Electricity Generating Authority of Thailand
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- Minerals Council of Australia
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
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- Globalindo Alam Lestari - Indonesia
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- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Deloitte Consulting - India
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