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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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Saturday, 13 February 10
COAL INDIA 2010/11 COAL IMPORTS TO JUMP - EXEC
Coal imports by state-run Coal India Ltd are likely to soar to 6-10 million tonnes in fiscal 2010/11 from an expected 1.5-1.7 million tonnes in the ...
Saturday, 13 February 10
RULES MAY FREE $10B OF MINING PROJECTS IN INDONESIA
The government announced on Friday that it had issued two implementing regulations for the new Mining Law that will clear the way for the developmen ...
Saturday, 13 February 10
INDONESIA OFFERS TAX INCENTIVES FOR RENEWABLE ENERGY
Indonesia is offering tax incentives to develop renewable energy projects, including geothermal energy, to cut dependency on fossil fuels, a decree ...
Friday, 12 February 10
MECHEL EYES 2010 COAL OUTPUT AT 28-29 MLN T
Russian steel and coking coal producer Mechel expects coal output to reach 28-29 million tonnes this year, returning to pre-crisis levels thanks to ...
Friday, 12 February 10
TATA POWER: QUARTERLY BLIP
Although the company’s revenues dipped in the December quarter, its long-term story is intact.
Lower power generation and realisations saw ...
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- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- MS Steel International - UAE
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
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