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Tuesday, 28 April 09
SOUTH AFRICAN EXPORT COAL RETREATS ON WEAKER EUROPEAN DEMAND - BLOOMBERG
Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, fell for a second consecutive week on weaker demand and sufficient stockpiles in Europe.
Export prices at the port, Europe’s biggest single source for coal burned for power, dropped $1.30, or 2.1 percent, to an average of $61.50 a metric ton in the week ended April 24, according to McCloskey Group Ltd. Prices have fallen 45 percent over the past 12 months as demand for power slumped after manufacturers cut output to grapple with the global recession. The world economy will shrink 1.3 percent this year, according to the International Monetary Fund.
“There’s lots of stocks in Europe and not many buyers around,” John Howland, an analyst at Petersfield, England-based McCloskey Group Ltd., said today by telephone. The “coal of choice” at the moment in Europe is Colombian, he said. That may ease demand for South African imports.
Colombian coal supplies may increase after a strike ended this month at Fenoco, a rail company 40 percent-owned by Xstrata Plc. That, plus the end of weather disruption in Australia, will help push prices down to an average $55 a ton in the second and third quarters, Jim Lennon, a Macquarie Group Ltd. analyst in London, wrote in a report dated today. “The market is generally well-supplied,” he said.
The port of Rotterdam, Europe’s biggest, imported 7.7 million tons of coal in the first quarter of this year, up 24 percent from the same period of 2008, the port said in an e-mail on April 9. That may indicate a buildup of stocks.
Power station coal prices at Australia’s Newcastle port, a benchmark for Asia, were almost unchanged in the week to April 24, falling one cent to $63.11 a metric ton, according to the globalCOAL NEWC Index.
Benchmark European coal derivatives fell. Coal for delivery to Amsterdam, Rotterdam or Antwerp with settlement next year retreated $2.50, or 3 percent, to $81 a ton as of 2:49 p.m. in London. The data from ICAP Plc reflect actual trades.
Source: http://www.bloomberg.com/apps/news?pid=20601116&sid=aldXUxVvfVsc&refer=africa
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Tuesday, 21 April 09
INDONESIAN GOVT TO ALLOW UNDERGROUND MINING IN PROTECTED FORESTS - THE JAKARTA POST
The government will issue a regulation allowing mining companies to carry out underground mining in protected forests.
"This regulation will ...
Tuesday, 21 April 09
INDONESIAN GOVT LIKELY TO MISS INVESTMENT TARGETS FOR ENERGY, MINING - THE JAKARTA POST
The total value of investments in energy and mining sectors by the end of the year is likely to be below the government’s target, as a result of ...
Monday, 20 April 09
INDONESIAN COAL MINING ASSOCIATION CALLED TO CONTROL MINERS - MAJALA TAMBANG
The Indonesian Coal Mining Association (ICMA) is called to expand its membership further in view of controlling the conduct of miners in the nationa ...
Monday, 20 April 09
BANPU PLANS TO SHIP 2 MLN T COAL TO CHINA IN 09 - REUTERS
Banpu, Thailand's largest coal miner, plans to increase coal shipments to China by about 30 percent to 2 million tonnes in 2009, company officials ...
Monday, 20 April 09
INDO TAMBANGRAYA 2009 OUTPUT TO GO UP 16% - THE JAKARTA POST
Indonesia's third largest coal producer, publicly listed PT Indo Tambangraya Megah (ITM), is targeting to raise production by 16 percent this year ...
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- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Planning Commission, India
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
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