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Tuesday, 01 December 09
COAL DEMAND REBOUNDING FROM DOWNTURN - U.S. MINING EXECS
The coal industry is slowly rebounding from last year's recession with demand and prices inching upward, although inventories at U.S. power stations are still way higher than normal, U.S. coal mining executives said on Monday.
Demand from steelmakers for metallurgical, or coking coal was rebounding quicker, especially in Asia, but it would probably take another year for thermal, or steam coal used in power generation, to return to the levels before last year's economic downturn, said Kevin Crutchfield, chief executive of Alpha Natural Resources.
"Met markets are moving and we see recovery for thermal in the not too-distant future," he told the Macquarie Group's metals and mining conference.
Talking of the past year in which demand and prices fell, Crutchfield said "there were times when we all wished it would all be over. But now we see things are turning and we are cautiously optimistic."
But he noted electricity generation is down 4 percent so far this year and probably will end the year 10 percent down.
"We appear to be recovering from the recession...but inventories are still too high. Some 100 million tons need to be taken out of the market place to get back to a range of 130 million to 150 million tons."
That is likely to occur "by the back end of 2010," he said in comments to the conference monitored via a webcast.
New coal-fired power plants coming on line should account for another 13 million to 18 million more tons of coal demand.
On the global coal market, Crutchfield said it could be summed up in one word -- China. Asian consumption was expected to increase to 8 billion tons from 6 billion tons in the next 20 years, he said.
China was now a net importer of metallurgical coal for its steel production which is expected to exceed 600 million tons this year -- roughly half the world's total steel manufacture.
Alpha, he said, has capacity to produce 13.5 million tons of met coal per year and planned to export about two-thirds of that production.
Victor Patrick, CEO of another U.S. coal producer, Walter Energy also noted the industry's rebound.
"While we had a period through this year where our ability to sell was constrained by the demand for our product, the customers weren't there, that is not the case anymore.
"We are back where we have historically been, where our ability to sell our product is limited by our ability to get the product out of the mine," he told the Macquarie conference.
"In terms of the supply side, we've also seen this dramatic shift in China's influence in the market, from being a net exporter...to being a net importer of coal.
"And of course, pricing outlook seems to be strengthening because of the supply and the demand factors," Patrick said.
A ton of eastern U.S. coal that sold for $45.13 six months ago, was selling for $48 on Monday, according to the industry newsletter, Coal & Energy Price Report.
Source: Reuters
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Thursday, 03 December 09
COAL INDIA IPO LIKELY TO HIT MARKETS BY NOVEMBER 2010
Soon investors will get to own a slice of India's largest coal mining company. Coal India its initial public offering will hit markets in November ...
Thursday, 03 December 09
PROLONGED COAL MARGIN SQUEEZE AHEAD - WESCOAL
Mining Weekly reported that, Coal junior Wescoal foresees a continued margin squeeze ahead. The JSE AltX-listed company's gross margin was reduced ...
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 ...
Monday, 30 November 09
NTPC SCOUTS FOR MORE COAL BLOCKS IN INDONESIA
State-run National Thermal Power Corporation (NTPC) today said it has identified three more coal blocks in Indonesia for acquisition.
"We ha ...
Monday, 30 November 09
THE FUTURES FOR THREE YEARS (2010-2012) WAS SOFT COMPARED TO LAST WEEK - VISTAAR SINGAPORE
COALspot.com (Singapore): BDI continued to drop this week and touched below 4,000 mark level. The drop in BDI was almost 12 pct and closed at 3,975 ...
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- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- The University of Queensland
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
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