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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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Wednesday, 17 February 10
JORONG COULD COST BANPU 5%
Banpu Plc, Asean's biggest coal miner, forecasts a 5% drop in revenue if its suspended coal mine in Indonesia is closed for one year, says presiden ...
Wednesday, 17 February 10
RUSSIA KRU JAN COAL EXPORTS DOWN 4 PCT
Kuzbassrazrezugol, Russia's second largest steam coal producer, exported 1.859 million tonnes of coal last month, down 80,000 tonnes or 4 percent f ...
Wednesday, 17 February 10
VEDANTA SET FOR PORTS ENTRY WITH VIZAG TENDER
Vedanta, along with Leighton Contractors India, quoted a revenue share of 38.1% to win the 30-year contract
Mining and metals conglomerate Vedant ...
Tuesday, 16 February 10
TRENDS DRY BULK MARKET ... TRENDS - BRS
The start of the Chinese New Year had an immediate impact on rates and for once all the dry bulk segments lost similar ground.
The BDI fell 5%, a ...
Tuesday, 16 February 10
LAW POSES THREAT TO INDONESIA'S COAL INDUSTRY
A zoning law could cost coal miners billions of dollars this year alone, hurt investment in the industry and disrupt the supply of the fuel to the c ...
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- Videocon Industries ltd - India
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Minerals Council of Australia
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Planning Commission, India
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- PTC India Limited - India
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- The University of Queensland
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