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Tuesday, 01 December 09
INDONESIA COAL OUTPUT SEEN LIFTED BY CHINA, INDIA
 Reuters reported that, Indonesia's coal output is expected to grow by as much as 12 percent in 2010, boosted by demand from power hungry China and India as well as from the domestic market, the chairman of the Indonesian Coal Producers Association said on Monday.
Indonesia, the world's biggest exporter of thermal coal, expects to produce 270-280 million tonnes in 2010, up from 250-260 million tonnes this year, Bob Kamandanu told Reuters in an interview.
"We still see good demand from China aside from continuing demand from India. We expect China's demand is not just temporary," Kamandanu said.
China is set to become a net coal importer for the first time this year, as imports soar after a government clampdown on small miners, while robust economic growth is also leading to higher demand for power generation.
Thermal coal imports into China from January to October have jumped 172.43 percent from a year ago, while coking coal imports have surged 401.58 percent.
Indonesian producers may have secured around 10 million tonnes of new coal supply contract with Chinese buyers for 2010, said Kamandanu.
Earlier trade sources said Indnesia's top five coal producers, including Bumi Resources Tbk, PT Adaro Energy and PT Kideco, said the total volume of thermal coal due to be sold to China for 2010 delivery had reached at least 15 million tonnes.
But Kamandanu warned there was still uncertainty over China's policy that could affect the long-term security for producers relying too heavily on supplying the country.
"If suddenly the Chinese government decides to stop coal imports, its coal demand could fall," Kamandanu said.
"China is a good market for growing but for sustainability we still need other portfolios," he said.
Kamandanu said a healthy appetite for imported coal from China and India should help boost Indonesia's coal exports to 220-225 million tonnes in 2010, up from an estimated 215 million tonnes in 2009.
Strong demand from China and India would help support global coal prices at around $80 a tonne for 2010, Kamandanu said.
Australian thermal coal prices, a benchmark for Asia, stood at about $81 a tonne on Friday, having jumped about 40 percent from a near two-year low of around $58 in March.
Source: Reuters
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Monday, 07 December 09
VEDANTA RESOURCES ISSUES TENDER TO IMPORT 2.25 MILLION COAL
COALspot.com (India): Vedanta Resources plc is a London stock exchange listed FTSE 100 diversified metals and mining major with revenues in excess o ...
Monday, 07 December 09
CHINA COKING COAL PRICE MAY RISE 14% ON DEFICIT, CITIGROUP SAYS
Coking coal prices in China, the world’s biggest steel producer, may rise 14 percent next year because of a supply deficit, Citigroup Inc. sai ...
Monday, 07 December 09
JSW STEEL TO SELL MOZAMBIQUE COAL MINE FOR RS 300 CRORE
JSW Steel may sell its coal mine in Mozambique to sister company JSW Energy as the mine has become commercially unviable for the steel producer, a t ...
Monday, 07 December 09
BLACK RIDGE MINING ENTERS AGREEMENT WITH INDONESIAN COAL PRODUCER
Australian-listed Black Ridge Mining has entered into an exclusive dealing and non-circumvention agreement with Indonesian coal producer PT. Inmas A ...
Sunday, 06 December 09
THE ECI / CHINA (S7) ROUTE SOFTENED AND WAS AT US$ 25,275 PER DAY - VISTAAR
COALspot.com (Singapore): "The market was bit soft in the beginning of the week, however towards mid week that market started to pick up and th ...
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- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
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- Planning Commission, India
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- India Bulls Power Limited - India
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- Electricity Generating Authority of Thailand
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- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
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- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
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- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
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- Timah Investasi Mineral - Indoneisa
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- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
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- Mercator Lines Limited - India
- Coal and Oil Company - UAE
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- Petrochimia International Co. Ltd.- Taiwan
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- London Commodity Brokers - England
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- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
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- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
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- Straits Asia Resources Limited - Singapore
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- The Treasury - Australian Government
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- Georgia Ports Authority, United States
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
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- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
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- Metalloyd Limited - United Kingdom
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- Electricity Authority, New Zealand
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- Asmin Koalindo Tuhup - Indonesia
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- Singapore Mercantile Exchange
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- Australian Coal Association
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- Pendopo Energi Batubara - Indonesia
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- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
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- IEA Clean Coal Centre - UK
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- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
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- Minerals Council of Australia
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