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Saturday, 10 October 09
COAL PRICES TIPPED TO SURGE BY 40% AS GLOBAL DEMAND RECOVERS NEXT YEAR
 Power-station coal prices may climb by more than 40 percent in 2010 from current levels as a global economic recovery boosts demand from power plants and steel producers, an official from PT Bumi Resources said.
Benchmark thermal coal grades, those burnt by Japanese utilities, may rise to about $100 a metric ton in the fourth quarter of 2010, led by economic growth in Asia and under- investment in coal capacity, said Dileep Srivastava, senior vice president for investor relations at Bumi.
That compares with $69.85 a metric ton in the week ended Oct. 2 at Australia’s Newcastle port, according to globalCOAL NEWC Index data.
“Demand for coal in China, India and Indonesia will be sustained at higher levels, while demand should normalize” in developed countries, Dileep said in Singapore on Thursday.
China imported a record 48 million tons in the first six months, according to customs figures.
Spot prices at Newcastle reached a record $194.79 a ton in July last year, before the global recession cut output and electricity demand.
Futures for coal delivery to Rotterdam with a settlement on Jan. 10 rose to $77 a ton on Friday, according to data compiled by Bloomberg, compared with this year’s low of $51.75 on March 12.
Bumi estimates average prices at $61 to $62 a ton, excluding freight and charges, for coal shipped from its mines this year, compared with $73.30 a ton in 2008, according to a company presentation.
That compares with about $44 a ton in 2007, Dileep said, declining to give a forecast for next year.
UBS AG has raised its 2010 forecast for benchmark coal to $90 a metric ton from $80 a ton in 2010 in a report on July 6.
Market conditions are expected to tighten starting in the fourth quarter of this year, with prices peaking in 2011, UBS said.
Source: The Jakarta Globe / Bloomberg
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Wednesday, 21 October 09
LAW ACCOMMODATES NATIONAL AND INVESTOR INTERESTS
COALspot.com (Indonesia): According to ESDM, the government has issued five Lawson the energy and mineral resources sector. These laws will prioriti ...
Wednesday, 21 October 09
INDONESIA'S BUKIT ASAM GETS COAL RAILWAY APPROVAL
Reuters reported that, Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk said on Wednesday it had been given government approval to sta ...
Wednesday, 21 October 09
COAL DEMAND SOARS AS ASIA ECONOMIES REBOUND - PEABODY
Reuters reported that, Demand for coal to generate electricity and make steel in China and India is expected to grow by 7 percent to 8 percent annua ...
Wednesday, 21 October 09
INDONESIAN SHOCK FOR INDIAN POWER PLANTS
Business-Standard reported that, India’s ambitious plans to generate an additional 180,000 Mw of power in the next seven years will face hurdl ...
Wednesday, 21 October 09
DUTA GRAHA PLANNING TO DELVE INTO MINING SECTOR
The Jakarta Globe reported that, PT Duta Graha, one of the country’s largest private engineering firms, says it intends to diversify into the ...
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- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- The University of Queensland
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- ASAPP Information Group - India
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
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