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Wednesday, 27 January 10
ASIA'S 2010 STEAM COAL IMPORTS TO REACH 460 MLN T
* China to import up to 100 mln T of steam coal in 2010
* China, India seen investing in southern Africa assets
Asian imports of steam coal will rise to 460 million tonnes this year from roughly 400 million tonnes in 2009, which will boost prices, a coal consultancy said on Wednesday.
Demand for coal by far outstrips supply in countries like India and China, which are largely reliant on coal to feed their power industries, and heightens their reliance on imports from countries such as South Africa, one of the top producers of the commodity.
Gerard McCloskey, head of the consultancy, told a coal exports conference in Cape Town most South African coal may be going to Asia this year.
"This year the feeling is that 75 percent of South African coal may be going to Asia ... I don't know where the coal is going to come from to satisfy the market," he said.
India was the biggest single buyer of South African coal in 2009, accounting for 22-35 percent of monthly exports throughout the year, and is hungry for more to feed its burgeoning power needs.
South Africa shipped just 61 million tonnes of coal last year, despite an export terminal capacity of 76 million tonnes, because of a lack of adequate railway infrastructure to transport the resource to the port.
There are already enquiries from India and China for far more coal than is available for the first quarter of the year, making a scramble among buyers and an increase in prices inevitable, producers say.
| "China will continue to dominate... understanding China will help us understand what is happening to the market," - Gerard McCloskey |
McCloskey said China alone, which produced nearly 2.9 billion tonnes of coal in 2009, will need as much as 5-7 billion tonnes in the 2020s to feed its rising demand.
China is the world's largest coal producer but became a net importer last year when the price of domestic coal outstripped that of imported coal.
China is expected to import up to 100 million tonnes of steam coal in 2010 and up to 70 million tonnes of coking coal, he said.
"China will continue to dominate... understanding China will help us understand what is happening to the market," he said.
McCloskey said India and China would also seek to invest in coal assets in various regions, including southern Africa.
Source: Reuters
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Wednesday, 03 February 10
INDONESIA BUKIT ASAM SEES DOUBLE DIGIT 2010 REV GROWTH
* 2009 net profit rose an estimated 50 pct
* Sees opportunities for overseas acquisitions
Indonesian state-owned coal miner Bukit Asam saw 2009 ...
Wednesday, 03 February 10
RECOVERY IN INDONESIAN MINING SECTOR EXPECTED TO BOOST SALES, UNITED TRACTORS SAYS
PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year ...
Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive i ...
Monday, 01 February 10
CIL PLANS TO INVEST IN OVERSEAS COAL MINES
Over the next 10 years, CIL expects to import from these mines at least 500 million tonnes of thermal coal, a variety used by power plants
The bo ...
Sunday, 31 January 10
AUSTRALIA NEWCASTLE THERMAL COAL FALLS 0.7 PERCENT TO $ 98.53
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 0.7 percent, falling for the first time in four weeks. ...
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- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
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- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
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- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
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- ASAPP Information Group - India
- Australian Commodity Traders Exchange
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- London Commodity Brokers - England
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- Straits Asia Resources Limited - Singapore
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- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
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- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
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- Trasteel International SA, Italy
- Ministry of Transport, Egypt
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- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
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- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
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- Wilmar Investment Holdings
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Planning Commission, India
- Merrill Lynch Commodities Europe
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- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
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- Petron Corporation, Philippines
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- Ministry of Finance - Indonesia
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- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- The University of Queensland
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- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
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- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
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- Tamil Nadu electricity Board
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- PTC India Limited - India
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- OPG Power Generation Pvt Ltd - India
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- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
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- ICICI Bank Limited - India
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- CIMB Investment Bank - Malaysia
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- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
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- Energy Development Corp, Philippines
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- Miang Besar Coal Terminal - Indonesia
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- Independent Power Producers Association of India
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- Commonwealth Bank - Australia
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