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Thursday, 03 December 09
JAPAN 2010 COAL IMPORTS SEEN FLAT, INDIA'S ROBUST - INDUSTRY
* Japan's demand seen steady in 2010 at 110 mln tonnes
* India's demand seen as robust, at 70 mln tonnes
Reuters reported that, Thermal coal imports by Japan, the world's largest steam coal buyer, may be flat in 2010 on doubts over a recovery while India's imports are expected to be robust, buyers and analysts said on Thursday.
Masaru Igawa, senior manager, business development group at J-Power, said Japan's thermal coal imports in 2010 would be unchanged from this year's figure, at about 110 million tonnes, compared with about 124 million tonnes in 2008.
"We expect coal imports will be the same (as this year) because there are some factors like economy recovery," Igawa said on the sidelines of McCloskey Asia Pacific Coal Outlook Conference in Bali.
Japanese electricity wholesaler J-Power or Electric Power Development Co is Japan's biggest coal user.
The Australian Bureau for Agriculture and Resource Economics (ABARE) in its September forecast said that Japan's thermal coal imports were estimated to fall 10 percent in 2009 to 115 million tonnes, and to see little growth next year because of the subdued economic environment and possible higher use of nuclear power.
Environmental issues are another factor that may affect Japan's coal imports next year, Igawa said.
Japan's prime minister, Yukio Hatoyama, has pledged to target a 25 percent cut in greenhouse gas emissions from 1990 levels by 2020, despite opposition from industry, which says the goal will hurt the economy.
India's demand also will remain robust next year, with one major buyer forecasting that the country will import about 70 million tonnes of coal in 2010.
"India's coal import volumes have grown as large as China's and are exhibiting higher growth. Lack of infrastructure support this trend," Andreas Bokkenheuser, mining and commodities analyst at UBS, said in a research note.
ABARE has forecast India may import 42 million tonnes of coal this year. Demand from India and China helped spot prices for Australian thermal coal to recover from a near two-year low of $58.25 a tonne in late March to around $80 a tonne.
Source: Reuters
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Wednesday, 04 November 09
BINANI HOPES TO BUY INDONESIAN COAL MINE IN 2-3 MONTHS
"We are still negotiating, but hope to conclude the deal in the next two to three months," Binani Cement Managing Director Vinod Juneja to ...
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 n ...
Monday, 02 November 09
RIO TINTO WARNS ON CHEAP MONGOLIAN COAL
The Age reported that, Mining giant Rio Tinto has warned that cheap coal from Mongolia as well as congestion at the Port of Newcastle in NSW could u ...
Monday, 02 November 09
ESSAR SEEKS COAL ASSETS IN SOUTH AFRICA
Paguntaka reported that, Essar Group plans to acquire coal assets in South Africa to help boost its power business in India. A senior executive of E ...
Sunday, 01 November 09
MINES REGULATION AMENDMENT BILL TO BE TABLED IN PARLIAMENT
Thaindia News reported that, A bill seeking to amend the Mines and Minerals Development Regulation Act, 1957, will be introduced in the winter sessi ...
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- Africa Commodities Group - South Africa
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- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
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- Thai Mozambique Logistica
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- Planning Commission, India
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- Wood Mackenzie - Singapore
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- Minerals Council of Australia
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- The University of Queensland
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- Directorate General of MIneral and Coal - Indonesia
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- Chamber of Mines of South Africa
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- The Treasury - Australian Government
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- Metalloyd Limited - United Kingdom
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- Rashtriya Ispat Nigam Limited - India
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- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
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- New Zealand Coal & Carbon
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- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Australian Coal Association
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- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
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- Intertek Mineral Services - Indonesia
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- Bangladesh Power Developement Board
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- Kumho Petrochemical, South Korea
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- Bhatia International Limited - India
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- ICICI Bank Limited - India
- Economic Council, Georgia
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- Indogreen Group - Indonesia
- Eastern Energy - Thailand
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