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Tuesday, 13 April 10
CHINA COAL SEEING 'STRONG DEMAND,' PUDA COAL CFO SAYS - BUSINESS WEEK
 Business Week reported that, China coal prices will increase this year as the nation’s industry expands and a drought in the southwest region reduces hydropower generation, said Puda Coal Inc. Chief Financial Officer Laby Wu.
“Demand is still strong,” Wu said in a phone interview from Beijing. “Prices will increase from 2009 due to strong demand for electricity generation. The southwest drought will also drive demand for thermal coal.”
China’s thermal coal prices jumped to an average 700 yuan to 800 yuan a metric ton in the fourth quarter from an average 400 yuan to 500 yuan for the year, she said. Benchmark coal prices at Qinhuangdao, China’s largest port handling the fuel, rose for the first time in 10 weeks on March 29 after the drought cut hydropower generation and raised demand from coal- fired plants.
Coal demand won’t be able to meet supply this year given a prediction from China’s top economic planning agency that electricity generation will grow 7 percent in 2010, while raw coal production will only rise 3 percent, Wu said.
China, the world’s biggest user and producer of coal, will remain a net importer of the fuel this year after buying for the first time last year as a nationwide safety crackdown closed about 1,000 small mines, Wu said.
Company Transition
U.S.-traded shares of Puda Coal have rallied 46 percent this year, spurred by the company’s transition into high margin mining production from low margin coal washing.
China’s demand for coal used to make steel is forecast to rise 5.6 percent to 38 million metric tons this year, according to Macquarie Group Ltd. last week.
Puda Coal expects mining of the fuel to comprise $20 million to $40 million in revenue this year and contribute profit of as much as $12 million after a zero input last year, Wu said.
Puda Coal is benefiting from the decision by the provincial government in Shaanxi, where the company is based, to put the company in charge of consolidating the industry including mine closures and mergers, Wu said. She expects the company to complete two mining acquisitions this quarter.
Source: Businessweek (By: Allen Wan. Editors: Richard Frost, Margo Towie)
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Thursday, 15 April 10
DRY BULK MARKET SLOWLY GAINING GROUND
The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified ...
Tuesday, 13 April 10
PEABODY, COAL INDIA CONFIRM 'EARLY STAGE' TALKS - MINING WEEKLY
Mining Weekly reported that, US coal-miner Peabody Energy is holding discussions with Coal India, the company said on Monday, after an Australian ne ...
Tuesday, 13 April 10
ANGLO PREDICTS HIGH COAL PRICES, STEADY SUPPLY
Busrep / Reuters reported that, Coal prices were expected to remain strong this year, while exports would match last year's despite rail cons ...
Tuesday, 13 April 10
THE PANAMAX MARKET CONTINUED TO STRENGTHEN - BRS DRY BULK
Panamax rates continue to beat the market, and the Panamax 4TC is now trading at a 25% premium to the Cape 4TC — the biggest margin since the ...
Monday, 12 April 10
INDIA'S NALCO TO INVEST BIG IN INDONESIA'S ALUMINIUM PROJECT - BERNAMA
Bernama reported that, India's state- owned National Aluminium Company Ltd (Nalco) is to pump in massive investment to set up a aluminium smelter a ...
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- White Energy Company Limited
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- Australian Coal Association
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- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
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- Indian Energy Exchange, India
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- New Zealand Coal & Carbon
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
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- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
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- Jorong Barutama Greston.PT - Indonesia
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- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
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- Electricity Authority, New Zealand
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- The Treasury - Australian Government
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- The University of Queensland
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- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
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- PowerSource Philippines DevCo
- Africa Commodities Group - South Africa
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- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
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- Aditya Birla Group - India
- Lanco Infratech Ltd - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
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- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
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- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
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- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
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- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
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- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
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- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
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- Minerals Council of Australia
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- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
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- Borneo Indobara - Indonesia
- MS Steel International - UAE
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- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
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- Planning Commission, India
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- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
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- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
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- Indonesian Coal Mining Association
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- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
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- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
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- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Economic Council, Georgia
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