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Tuesday, 28 April 09
WORLD THERMAL COAL PRICE EXPECTED TO CRASH - PURCHASING.COM
Macquarie Bank sees 50% drop to $60/ton in 2009
Macquarie Bank today forecast the 2009 average market price for world thermal coal at $60/ton, a 50% decline from $121 in 2008 and even below the $62 thermal coal price average in 2007. Thermal coal is principally used for power generation and also is used as a fuel in the manufacture of cement, bricks and tiles.
Electricity demand worldwide is generally weak and London-based analyst Isaac Feehely says has been bearish on thermal coal for some time. But, prices haven’t slipped below $60, he admits, because of “poor production in Australia, mine constraints in China and labor issues in Colombia.”
He now expects Australian and Colombian supply issues to be resolved soon. And he remains bearish on the outlook for crude oil prices, “which should put some downward pressure on coal prices.” The only other bullish factor in the market might be China but import demand is less than had been forecast.
Coal in general is losing its market value, Feehely says His report point out that Chinese domestic coking coal prices have slipped in April to around $138/ton from an average $158 in the first quarter and export contract prices from Chinese and Australian mines have slipped to $128-$130 this month.
Source: http://www.purchasing.com/article/CA6654540.html?industryid=48401
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Monday, 27 April 09
JSW ENERGY SET TO SNAP UP AFRICAN COAL MINE FOR $70 MN - ECONOMIC TIMES
Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million ...
Monday, 27 April 09
INDONESIA MINING RULES MAY DETER INVESTORS-OFFICIALS - REUTERS
Indonesia's rules on foreign divestment of mining projects must be revised to address issues such as finding buyers if Southeast Asia's biggest ec ...
Monday, 27 April 09
UNDERGROUND MINING IN FOREST AREAS NOT SO SIMPLE - THE JAKARTA POST
The government's plan to issue a presidential decree allowing mining companies to mine underground in protected forest concession areas has resulte ...
Monday, 27 April 09
COAL PRICES ABOVE FUNDAMENTALS - STUFF.CO.NZ
Coal prices have defied the gravity of fundamental factors, supported by stockpiling prompted by cheaper prompt prices rather than a reflextion of a ...
Sunday, 26 April 09
MITRA HOPES TO SECURE DEALS WITH TWO COAL FIRMS BY JUNE - THE JAKARTA POST
An integrated oil and gas services company, publicly listed PT Mitra Rajasa, is expecting to seal acquisition deals with two coal companies in June, ...
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- Parliament of New Zealand
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Minerals Council of Australia
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Marubeni Corporation - India
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
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