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Thursday, 18 February 10
DECOUPLING FROM OIL PRICES ON STRONG GLOBAL ENERGY DEMAND
 A recent coal market conference in Singapore focused on two main issues –— the demand for coal as a source of energy, and coal pricing.
Spokespersons from different countries, including Thailand, South Korea, Mongolia, India and China highlighted their domestic demand for power generation, with coal as their main source of energy, thereby limiting coal exports.
The views were in line with ours that coal demand will remain buoyant in the mid-to-long term since it is a cheaper source of energy relative to oil and gas. Demand for energy will remain strong as about 60 percent of the world’s population has partial or no access to electricity.
Demand for coal as a source of energy is growing faster than for other sources. In 2000-2008, the average annual demand growth rate for coal was 4.7 percent, higher than for gas at 2.7 percent and 1.4 percent for oil.
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“Japan’s coal demand is expected to slow on the back of two factors:
1. the Japanese government policy to reduce carbon dioxide emissions
2. Japan’s new tax law on coal will reduce the cost effectiveness of using it”
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A World Energy Agency analyst says power generation based on all types of energy except oil is projected to grow. With world energy demand to grow at 40 percent between 2007 and 2030 and an estimated 1.3B people or 16 percent of the world’s population still lacking electricity by 2030, long-term demand for coal will rise most in absolute terms.
Speakers from India and China were also very positive on coal demand, given their rising power needs. The Indian government is projected to add 78 gigawatts (GW) of power by 2012, while power demand is expected to rise from 147 GW now to 950 GW by 2030.
China is expecting to double its power needs by 2020. About 60 percent of coal output in 2007-2030 is projected to come from China.
Spokespersons from Thailand and Vietnam highlighted their domestic coal needs for power projects, so reducing coal supply to export markets. Vietnam now supplies about 50 percent or 24 million tons of its coal for exports, but going forward this will fall to 3 million tons, despite production rising from 48 million tons in 2009 to about 105 million tons by 2025. For Thailand, coal consumption is going to increase from 34.5 million tons in 2008 to 48.6 million tons by 2021.
Only the speaker from Mongolia said it’s coal reserves of 162.3 billion tons would enable it to increase supply to the international market.
Separately, Japan’s coal demand is expected to slow on the back of two factors: 1. the Japanese government policy to reduce carbon dioxide emissions and 2. Japan’s new tax law on coal will reduce the cost effectiveness of using it.
Closer to home, 2009 coal output in Indonesia increased to 240 million tons, with exports accounting for 70 percent. This percentage will gradually reduce as domestic coal demand rises with more coal-fired power projects. Indonesia is expected to add 20GW of power by 2015. The electricity sector now absorbs 65 percent of domestic coal consumption with the cement industry as the second largest consumer.
Arpeni Pratama Ocean Line, Indonesia’s leading shipping company, expects coal to account for 33 percent of the country’s total energy mix by 2025, up from 19 percent now.
As energy demand remains strong world wide, coal consumption will continue to increase going forward. Strong coal demand could result in decoupling between oil and coal prices, with continued upward trends in future coal prices.
Source: The Jakarta Post
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Saturday, 13 March 10
OPTIMUM COAL AIMS TO RAISE R1,6 BILLION IN LISTING
All Africa reported that, COAL mining and exploration company Optimum Coal yesterday announced plans to list on the JSE at the end of the month ...
Thursday, 11 March 10
THE INDIAN MARKET WAS A BIT QUIET BUT STILL FIRM - FEARNLEYS AS
Handy - Atlantic activity has kept its firm tendency throughout the week for handies, with Atlantic RV´s fixed in the USD.16000 region. With s ...
Thursday, 11 March 10
COAL PRICES SET TO RISE AMID CONFUSION OVER QUARTERLY SYSTEM
Trading room reported that, Coal prices are tipped to rise in coming months amid constrained supply and ongoing Chinese demand, and analysts are con ...
Wednesday, 10 March 10
PROTECTED FORESTS NOW UP FOR GRABS FOR MINING
The Jakarta Post reported that, the government has just issued two new regulations on forests, which could allow protected forests to be used for co ...
Tuesday, 09 March 10
REGULATION NO.23 OF 2010 CONCERNING IMPLEMENTATION OF NEW MINING LAW, PROVIDES MORE CLARITY ON OBTAINING A IUP
COALspot.com: Indonesian government has recently issued another regulation related to Law number 4 of 2009 concerning mineral and coal mining. Two r ...
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Showing 5946 to 5950 news of total 6871 |
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- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Economic Council, Georgia
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- PTC India Limited - India
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
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