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Friday, 02 April 10
XSTRATA RAISES BENCHMARK COAL PRICE AS MUCH AS 40% - BLOOMBERG
Bloomberg reported that, Xstrata Plc, the world’s largest exporter of coal used for power, raised benchmark prices for the fuel to an unidentified Japanese utility as much as 40 percent as a recovery in economic growth in Asia spurs demand.
Zug, Switzerland-based Xstrata agreed to contract prices for the next 12 months at $98 a metric ton, it said in a statement. The figure compares with the $70-$72 a ton for the previous year, cited in the company’s annual report.
“It’s a good price,” John Meyer, an analyst at Fairfax IS in London, said by phone today. “It reflects the increasing demand for thermal coal for electrical generation around Asia. It should be directly correlated with expectations for economic growth in the region and reflects the increasing cost of coal mining in Australia.”
China’s coal imports more than doubled to 13.1 million metric tons in February, underpinned by power demand, according to customs data. The country paid about $92 a ton for coal in the month. Thermal coal prices to China on delivered terms rose to as high as $120 a metric ton in January from less than $90 a year earlier, Macquarie Group Ltd. said in a report this month.
Contract negotiations with Japanese customers will continue next week, Xstrata said in today’s statement.
Source: Bloomberg ( By: Firat Kayakiran & Simon Casey)
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Tuesday, 09 March 10
STRONG REBOUND IN ALL THE DRY BULK SEGMENTS THIS WEEK
There was a strong rebound in all the dry bulk segments this week, leading to an 18% jump in the Baltic Dry Index.
The Cape and Panamax markets s ...
Tuesday, 09 March 10
L&T POWER EYEING COAL MINES IN AUS, INDONESIA
L&T Power Development Company, a part of the Larsen & Tubro Group, plans to acquire coal mines in Australia and Indonesia, a top company off ...
Tuesday, 09 March 10
BHP AGREES SHORTER-TERM COAL DEALS WITH EUROPEAN, ASIAN CUSTOMERS
Diversified miner BHP Billiton on Monday reported that it had reached sales terms for a significant portion of its hard coking coal volumes for 2010 ...
Monday, 08 March 10
KPCL TO IMPORT 0.9 MILLION TON OF 6000 GCV COAL
COALspot.com: India's Karnataka Power Corporation Ltd is seeking to import 0.9 million metric tons of 6000 kcal/kg (adb) Gross Calorific Value stea ...
Monday, 08 March 10
CHINA SHIPPING TO CARRY MORE COAL FOR SHENHUA
Hellenic Shipping News reported that, China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaod ...
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- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- The University of Queensland
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Bhatia International Limited - India
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
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