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Monday, 19 October 09
COAL PRICE UP AGAIN - RICHARDS BAY TERMINAL
Export prices rose 45 cents, or 0.7%, to an average of 64.05 a metric ton in the week ended Oct. 16, according to McCloskey Group.
The week was “very quiet,” Andrew Wells, an assistant editor at Petersfield, England-based McCloskey, said by phone. He speculated that buyers may be waiting for the Oct. 25-27 Coaltrans coal conference in London to get a better feel for the market.
Prices at Richards Bay, Europe’s main source of coal burned for power, have dropped 39% over the past 12 months as companies cut output and jobs to deal with the worst recession since World War II. The coal-market outlook “should improve significantly,” Sabine Schels, a New York-based analyst with Bank of America Merrill Lynch, wrote in a report dated Oct. 16.
The price of coal delivered to northwest Europe may climb to more than 100 a ton by the middle of next year, Schels wrote. That price rose 1.6% last week to 73.60 a ton, McCloskey data show. It has slid 38% over the past 12 months. India faces a coal shortage and state-owned Coal India Ltd. is seeking to buy overseas mines. China, the world’s most populous nation, uses and produces more coal than any other country.
Richards Bay Coal Terminal shipped 22% less of the fuel in September than a year earlier. Exports decreased to 4.16 million metric tons from 5.32 million tons, the terminal said in an e-mailed response to questions on Oct. 6, without giving reasons for the decline.
At its September shipment rate, the port will export 57.6 million tons of coal this year, compared with capacity of 76 million tons and shipments of 61.79 million tons last year. The terminal, on South Africa’s northeastern coast, is owned by the country’s largest coal exporters, including Anglo American Plc, BHP Billiton Ltd. and Xstrata Plc.
Power-station coal prices at the Australian port of Newcastle, a benchmark for Asia, fell 1.3% to 70.97 a ton in the week to Oct. 16, according to the globalCOAL NEWC Index. While Richards Bay is the world’s biggest coal-export terminal, Newcastle ships more of the fuel from two terminals.
The volume exported from Newcastle in the week ended 7 a.m. local time today dropped to 1.92 million tons from 2.01 million tons a week earlier, Newcastle Port Corp. said on its Web site. Nineteen ships, waiting to load 1.44 million tons of coal, were outside the harbor, down from 25 vessels.
Source: Business Day,UK Reuters,Bloomberg
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Friday, 23 October 09
CIL PRICE HIKE LIKELY TO PUSH POWER RATES UP
Business-Standard reported that, May squeeze cement companies’ margins, but the steel sector is unlikely to be affected much.
The upward re ...
Thursday, 22 October 09
2ND UNITED INDONESIA CABINET UNVEILED
The Jakarta Post reported that, President Susilo Bambang Yudhoyono announced his second United Indonesia Cabinet on Wednesday night, comprising 34 m ...
Thursday, 22 October 09
PEABODY SET TO TAP ASIAN DEMAND FOR COAL
The Australian reported that, US coal giant Peabody Energy plans to double its Queensland and NSW coal exports in the next five years, as it looks t ...
Wednesday, 21 October 09
INDONESIA POWER FIRM SEEKS TO DEFER COAL SUPPLIES
Reuters reported that, Indonesia's state power firm is negotiating with two coal producers, including a unit of PT Bumi Resources Tbk, to defer a c ...
Wednesday, 21 October 09
MINING REGULATION GENERATES CONFUSION IN INDONESIA
The Jakarta Globe reported that, Mining industry representatives said on Friday they were confused by a recently issued regulation restricting the w ...
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- Orica Mining Services - Indonesia
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Bhatia International Limited - India
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- The University of Queensland
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Posco Energy - South Korea
- The Treasury - Australian Government
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