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Tuesday, 03 November 09
CHINA TO BE NET COAL IMPORTER IN 2009
China is accelerating its importation of coal to cope with fallen output caused by the consolidation of small coalmines, and is likely to become a net importer in 2009 for the first time, said a JPMorgan report.
Under the circumstance, domestic companies began seeking investment opportunities in the overseas coal market in order to ensure domestic supplies.
On October 27, China Investment Corp. announced it would invest 500 million US dollars in Canada-based SouthGobi Energy Resources through the purchase of its 30-year convertible bonds. If China Investment Corp. were to convert all the bonds, it would acquire 22 percent equity of SouthGobi.
SouthGobi mainly explores for power coal resources in Mongolia and sells to China's Gansu province. The cooperation between China Investment Corp. and SouthGobi conjoins the two Gansu's power coal market.
Similarly, Huaneng Group, one of China's five power giants, also announced this July that it planned to acquire 51 percent equity of PT. Berau Coal, Indonesia's fifth largest coal producer, to guarantee its own coal supply to domestic power plants.
In fact, quite a few domestic power producers have shown overseas acquisition interests. Although overseas acquisitions are difficult, they still provide a way to maintain steady coal imports, noted an insider with Huaneng Group.
Source: China Mining
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Thursday, 29 October 09
PTC INDIA UNIT CHASES 2.5 MTPA INDONESIAN COAL
Reuters reported that, PTC Energy is in talks with an Indonesian firm to source 2.5 million tonnes per annum (MTPA) coal for its 350-400 MW power to ...
Thursday, 29 October 09
CHINA MAY SEEK THERMAL COAL ELSEWHERE IF AUSTRALIAN EXPORT COSTS RISE, SAYS REPORT
The Australian reported that, CHINA is likely to turn to alternative markets for thermal coal if the cost and availability of Australia's exports a ...
Thursday, 29 October 09
CURRENCIES, ASIA DEMAND TO LIFT EUROPE COAL PRICE
Supportive currency movements and strong Asian demand mean the price of coal delivered into Europe is poised to rise more than 30 percent to above $ ...
Wednesday, 28 October 09
AUSTRALIAN POWER STATION COAL PRICE TOPPED USD 73 A TONNE
Reuters reported that prices of power station coal in Australia, a benchmark for Asia, crept up for the fourth week and topped USD 73 a tonne, as a ...
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 ...
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- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Deloitte Consulting - India
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
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