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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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Thursday, 08 October 09
MINING TO ATTRACT $6B: BKPM
The Jakarta Post reported that, Indonesia’s mining sector could expect investment of up to US$6 billion in the 2010-2012 period, in part becau ...
Thursday, 08 October 09
INDIA DEMAND TO HELP DIRE COAL OUTLOOK - MACQUARIE
Reuters reported that, Macquarie Securities said on Wednesday its bearish short-term outlook on thermal coal may begin improving in a year's time o ...
Thursday, 08 October 09
ESSAR UNIT WINS INR 479 CR (US$ 103,272,401) ORISSA PROJECT
The firm will develop and operate the terminal at Paradip port; the contract will stretch up to 30 years
Live Mint reported that, Essar Shipping ...
Wednesday, 07 October 09
ESSAR, JINDAL IN TAKEOVER TUSSLE FOR AUSTRALIAN COAL MINER
Reuters reported that, Privately owned Essar Group has launched a surprise A$144.2 million ($128.1 million) bid for Australian coal minnow Rocklands ...
Wednesday, 07 October 09
ADARO SECURES $500 M LOAN
The Jakarta Post reported that, The country's second largest coal producer, PT Adaro Energy announced on Wednesday that it has secured US$500 milli ...
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- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- The University of Queensland
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- Bhatia International Limited - India
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Planning Commission, India
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
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