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Tuesday, 08 December 09
HIGH GLOBAL COAL PRICES HIT POWER PROJECTS
 Spot prices for the fuel have appreciated almost 10% in November.
After a sedate year, rising coal prices could hit the coffers of import-based domestic power generators in the next year. Spot prices for the fuel at Australia’s Newcastle port, a benchmark for Asia, have appreciated almost 10 per cent in November and rates at China’s Qinhuangdao port, a standard for the world’s largest coal consumer, have also seen a steady increase over the last two months.
Harried by the supply-demand mismatch in Indian coal production, a number of private sector power companies have pegged their port-based projects on overseas coal, with a specific dependence on the Indonesian variety. These include Reliance Power, which intends on using Krishnapatnam port, Essar Power, through Salaya port, and Tata Power as well as Adani Power, both of who will use Mundra Port.
“With Indian coal mining companies being unable to provide service to power producers such as NTPC, there is a huge dependence on the international market which is expected to increase as the volumes required are just not available in the country. Although long-term arrangements are being worked out, substantial amount of coal comes through the import route at present,” an analyst with InfralineEnergy Reseach and Information said.
However, with Indonesia’s thermal coal export growth likely to see a marked slowdown, importing the fuel will become more expensive for Indian firms.
Although Indonesian exports account for over 35 per cent of the global sea-borne coal market, the ability of Indonesian producers to ramp up production for sustaining export growth could be constrained by delay and regulatory uncertainties. Also, rising demand from Indonesian power producers and cautious capex programmes by major miners there, due to the global crisis, could see the prices of Indonesian coal rising in the coming months, according to a research by Citigroup.
Supply tightness is also expected to persist globally as export growth in both Australia and South Africa will be restricted due to port and rail infrastructure development. In the latter market, growing domestic demand, too, is likely to have an impact on thermal coal prices, an analysis by AME Mineral Economics suggested.
Moreover, thermal coal prices will also lent a degree of robustness as China, a study by Barclays Capital says, is likely to remain a major importer next year on the back of mine consolidation, expectation of a strong economic growth and possibility of higher taxes. In recent weeks, an increase in heating demand in China, triggered by the harshest winter in almost six decades, have spiked coal prices at Qinhuangdao port.
“Considering almost half of the coal requirement for the new coastal power projects is to be brought in from abroad, there will definitely be an impact on power companies. Although the cost of generation will increase, passing on the burden to the consumer will be tough and it will have to be absorbed by the generators themselves,” Angel Broking analyst Rupesh Sankhe said.
Although power companies have been allocated coal blocks for captive use, exploration and production from these might not happen immediately. Also, with many firms scouting for coal assets overseas, there is a dependence on spot purchases in the short-term.
“Larger players who have already secured assets abroad are unlikely to be affected and their consumers will not be hit if global coal prices rise. However, those firms who don’t have their own mines and are dependent on the market will have to bear the brunt,” Visa Group Chairman Vishambhar Saran said.
Although India has substantial non-coking coal reserves, in the range of 230 billion tonnes, there has been an increased reliance on imported coal. In 2007-08, the country imported about 28 million tonnes of non-coking coal as compared to 8.69 million tonnes in 2003-04. However, according to Citigroup estimates, India could have a combined import demand for thermal and coking coal to the tune of 140 million tonnes per year by 2013-14.
Source: Business-Standard
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Thursday, 19 November 09
FAST-TRACK FOCUS ON COAL POWER MAY COST INDONESIA BILLIONS
The Jakartaglobe reported that, As it begins to tap its massive coal reserves to generate cheap electricity, Indonesia may face additional costs of ...
Wednesday, 18 November 09
THAI PTT PLANS COAL MINE INVESTMENT IN INDONESIA
* To conclude Indonesian coal mine buy in 6 months
* Sees coal output jumping to 20 mln tonnes in five years
Reuters reported that, PTT , ...
Wednesday, 18 November 09
ASIA-PACIFIC MINISTERIAL CONFERENCE ON PUBLIC-PRIVATE PARTNERSHIPS FOR INFRASTRUCTURE DEVELOPMENT
“Building Asia’s Infrastructure”
COALspot.com (Indonesia) Press Release: Infrastructure Asia 2010 is Asia’s premier infra ...
Wednesday, 18 November 09
AMBUJA COAL TENDER PRICES EQUATE TO $61.50/T FOB
Reuters reported that, coal prices achieved by Indian cement maker Gujarat Ambuja in its early November tender equate to $61.50 a tonne FOB Richards ...
Tuesday, 17 November 09
JSW STEEL MAY SPEND $500 MILLION TO ACQUIRE COAL MINES OVERSEAS
JSW Steel Ltd., India’s third- biggest producer, may spend $500 million buying coal mines overseas, securing supplies for its local expansion. ...
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- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- GMR Energy Limited - India
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
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