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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 to tapgrowing demand from Chinese and Indian steel mills and power stations.
Peabody, based in St Louis andthe world's biggest non-government coalminer, said it was targeting Australian exports of up to 32 million tonnes in 2014,by building a new mine in Queensland and expanding three others.
The company is aiming to produce between 21 and 23 million tonnes of thermal and coking coal from Australia this year, of which about 6 million tonnes will be sold domestically to Macquarie Generation.
"Peabody is very well positioned to access the fastest-growing markets globally where we see shortages of metallurgical coal and growing strength in the Pacific thermal (coal) markets," Peabody president Richard Navarre said.
India and China were driving increased thermal and coking coal demand, the company said.
Peabody will concentrate on growing sales of coking coal, used to make steel, from about 6 million tonnes this year to between 12 and 15 million tonnes in 2014. Exports of thermal coal, used to fuel power stations, could grow from about 10 million tonnes a year to between 15 and 17 million tonnes.
Most of the growth is expected to come from the new Denham open pit mine, near Peabody's existing Eaglefield mine in Queensland. Denham is expected to produce between 3 and 6 million tonnes of hard coking coal a year from 2014.
The plan appears to be a step back from documents submitted to the federal environment department in January that said the company would produce an extra 9 million tonnes of coal from Eaglefield.
On top of Denham, Peabody plans to expand the Burton mine in Queensland to produce an extra 2 to 3 million tonnes of coking a coal a year.
In NSW, Peabody said it was looking at expanding the hard coking coal output of its Metropolitan mine by 1 million tonnes and its Wilpinjong mine by 2 to 3 million tonnes.
Source: The Australian
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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 ...
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 ...
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 ...
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- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- PTC India Limited - India
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
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