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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, 08 February 10
BLACK RIDGE MINING APPOINTS INDEPENDENT CONSULTANT
Australian-listed Black Ridge Mining has announced the appointment of David Tuit as an independent consultant to assist with the assessment of the c ...
Monday, 08 February 10
SOUTH AFRICAN EXPORT COAL RISES FOR FIRST TIME IN FOUR WEEKS
Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, posted their first gain ...
Monday, 08 February 10
NTPC HOPES TO START ON 500-MW PROJECT IN SRI LANKA BY FEB-END
NTPC sources told Business Standard, “All formalities from our government and NTPC have been completed.
The opinion of the Sri Lankan atto ...
Sunday, 07 February 10
AN AUSTRALIAN FIRM HAS SIGNED A $60BN DEAL TO SUPPLY COAL TO CHINESE POWER STATIONS
Clive Palmer, chairman of the company, Resourcehouse, said it was Australia's "biggest ever export contract".
Under the deal, the firm ...
Saturday, 06 February 10
FREIGHT WOULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week including the stock markets. The main reason seems to be Chinese ne ...
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- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- White Energy Company Limited
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
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