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Tuesday, 27 October 09
CHINA'S SEPT. COAL IMPORTS RISE AS ECONOMY RECOVERS
Bloomberg reported that, China, the world’s largest coal user and producer, increased imports of the fuel in September to meet rising domestic consumption following an economic recovery.
Purchases rose 7 percent to 12.55 million metric tons last month from August and were more than triple what the country imported a year earlier, according to data from the customs office in Beijing today.
“The economy is improving, electricity demand is improving and so domestic demand for coal is bouncing back,” said Li Dagang, a coal analyst at Essence Securities Co. in Shanghai.
China’s demand for coal, used to generate 80 percent of the nation’s power, is rising amid government stimulus spending that drove third-quarter gross domestic product growth to its fastest pace in a year.
Net coal imports rose 7 percent to 10.53 million tons in September from a month earlier as exports reached 2.02 million tons, according to today’s data. Imports had declined in July from a month earlier after the country re-opened small mines to meet rising demand spurred by the economic recovery.
Net exports of diesel fell to 168,386 tons last month from 215,000 tons in August, according to the customs data. China has been a net exporter of diesel since December after a slower economy curbed consumption. Exports declined 26 percent to 293,759 tons from a month earlier while imports dropped 30 percent to 125,373 tons.
China’s gasoline exports fell to 505,505 tons from 518,538 tons in August. The nation didn’t import the motor fuel last month.
Record LNG
Liquefied natural gas imports climbed to a record 788,514 tons last month. Imports of the fuel, used mainly to generate electricity, more than doubled from a year earlier, today’s customs data showed.
China bought 495,243 tons of LNG from Australia, 126,679 tons from Indonesia, 104,396 tons from Malaysia and 62,197 tons from Nigeria. Imports had reached 668,232 tons in July, when demand rose during the summer consumption.
Crude oil imports fell to 17.2 million tons from August’s 18.47 million tons, confirming preliminary data released on Oct. 14. Net crude oil imports last month fell to 16.81 million tons, according to the data.
Source: Bloomberg
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Wednesday, 28 October 09
MIDDLE EAST COAL EYEING INDIAN POWER PLANTS IN EXCHANGE FOR LONG TERM COAL SUPPLY
Reuters reported that UAE's Middle East Coal is in talks to buy equity stakes in India's power plants in exchange for long term coal supply.
ME ...
Wednesday, 28 October 09
INVESTMENT IN MINING SECTOR HAMPERED BY LATE REGULATIONS
The Jakarta Post reported that, Indonesia may have to wait for a potential massive inflow of new investment into the mining sector due to delays in ...
Monday, 26 October 09
DARWIN EYES PRIVATE INVESTMENT
The Jakarta Post reported that, the new energy and ministerial resources minister, Darwin Zahedy Saleh, has set his sights on accelerating the reali ...
Sunday, 25 October 09
THE FUTURE FREIGHT MARKET IS EXPECTED TO HAVE POSITIVE DIRECTION - VISTAAR
COALspot.com (Singapore): According to Vistaar Shipping an experienced ship operator in Singapore, the BDI shot up this week (19-24 October) by abou ...
Saturday, 24 October 09
NTPC SEEKS ALTERNATE COAL SUPPLY FOR KAHALGAON
State-run NTPC is looking at alternate sources of coal to fire its Kahalgaon (Bihar) and Farakka (West Bengal) and power stations, which are facing ...
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- New Zealand Coal & Carbon
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- Global Business Power Corporation, Philippines
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- Economic Council, Georgia
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- Oldendorff Carriers - Singapore
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- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
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- European Bulk Services B.V. - Netherlands
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- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
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- White Energy Company Limited
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- The Treasury - Australian Government
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- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
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- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
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- Star Paper Mills Limited - India
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
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- Maharashtra Electricity Regulatory Commission - India
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- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
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- Independent Power Producers Association of India
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- Alfred C Toepfer International GmbH - Germany
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- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- The University of Queensland
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- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
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- IEA Clean Coal Centre - UK
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- Thiess Contractors Indonesia
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- Neyveli Lignite Corporation Ltd, - India
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- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Planning Commission, India
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- Riau Bara Harum - Indonesia
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- Indian Oil Corporation Limited
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