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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 $90 a year earlier, Macquarie Group Ltd. said in a report this month.
Contract negotiations with Japanese customers will continue next week, Xstrata said in today’s statement.
Source: Bloomberg ( By: Firat Kayakiran & Simon Casey)
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Monday, 01 March 10
166 MINING COMPANIES THREATEN ENVIRONMENT
Viva News reported that, the Indonesian Forum for the Environment (Walhi) of East Kalimantan reveals that 166 coal mining companies, which are curre ...
Monday, 01 March 10
IRON ORE PRICE NEGOTIATIONS - 80PCT HIKE SEEN BY CHINESE
China Knowledge quoted an insider from a large Chinese steel company said there will be a significant increase in steel prices in the next few month ...
Sunday, 28 February 10
SUPRAMAX CHARTER RATES FOR ONE YEAR IS AROUND US$ 19,000/20,000 PER DAY - VISTAAR SINGAPORE
COALspot.com : The freight market firmed up by almost 10 pct on Supramax and Handy size and about 7 pct on Panamax.
However it was interesting to ...
Sunday, 28 February 10
MINISTRY SEEKS TWO YEAR DELAY TO IMPLEMENT ENVIRONMENT LAW
The Jakarta Post reported that, The ministry of energy and mineral resources has proposed that the government postpone the implementation of the 200 ...
Sunday, 28 February 10
CONTINENTAL TARGETS COAL SALES FROM S AFRICA MINE IN Q2 - MINING WEEKLY
Mining weekly reported that, Junior coal explorer Continental Coal would start coal sales from its Vlakvarkfontein mine, in South Africa, in the sec ...
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- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- The University of Queensland
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Parliament of New Zealand
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Australian Coal Association
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- White Energy Company Limited
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- VISA Power Limited - India
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
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