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Sunday, 06 June 10
STEAM COAL MAY BECOME NEXT BOOMING COMMODITY IN AUSTRALIA - DB
 Deutsche Bank predicts that thermal coal could become Australia's next booming commodity. The German investment bank's global thermal coal team expects thermal coal contract prices to rise 26% to USD 120 a tonne by 2012 because of a rise in net imports from China and India The forecast led to local analysts upgrading their earnings guidance yesterday for a swag of coal miners, including BHP Billiton and Rio Tinto, despite the threat posed by the controversial resource super profits tax.
Deutsche Bank's report said that "The seaborne thermal coal market is experiencing a transformation which may be as significant as that which occurred for the iron ore market over the past decade. In a similar way, we believe China and India together could transform the demand landscape for thermal coal over the next decade, displacing current western importers and evolving to dominate the industry."
The Reserve Bank of Australia reiterated this week that despite the recent softening of commodity prices in the wake of Europe's debt crisis and a slowdown in China, Australia's terms of trade were likely to remain at high levels.
Deutsche Bank's report shows this year's thermal coal contract prices were higher than expected at about USD 98 a tonne and the bank expected the
Deutsche said that very supportive fundamentals to continue into next year and 2012. Thermal coal suppliers have not moved to quarterly pricing as iron ore producers have, which provided a more stable earnings outlook.
NSW miners Whitehaven Coal and Centennial Coal are Deutsche's preferred thermal coal stocks, and yesterday analyst Brendan Fitzpatrick upgraded Whitehaven to a buy and lifted Centennial's earnings per share by up to 65% in full year 2012.
Analyst Mr Paul Young also upgraded earnings of BHP and Rio by up to 5.5% in 2012-13 because of the size of their thermal coal businesses relative to their other divisions. He added that "We believe the competition for capital with other divisions means BHP's energy coal growth pipeline is more limited than Xstrata and Anglo."
Deutsche reiterated its buy rating on Rio and BHP and upgraded its price targets to USD 96.50 and USD 48, respectively.
Source: SteelGuru / The Australian
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Thursday, 10 June 10
CHARTERERS ARE NOT WILLING TO PAY THE RATES AS MARKET SLIDES
DRY BULK
Handy
Atlantic markets are quieter (Posidonia?) with less activity. Nevertheless expect some fresh enquiries f ...
Thursday, 10 June 10
R-POWER, INDONESIA'S SUGICO INK PACT TO ACQUIRE COAL MINES - ECONOMIC TIMES
Economic Times of India reported that, Anil Ambani-owned Reliance Power has signed a share-sale agreement with Indonesia’s Sugico Group to acq ...
Thursday, 10 June 10
PARAMOUNT MINING CORPORATION REPORTS KEY INDONESIAN JV AGREEMENT
Indonesia focussed Paramount Mining Corporation has reported that its Indonesian subsidiary, PT Paramindo, has concluded a Joint Venture Agreem ...
Wednesday, 09 June 10
INDIA, CHINA TO PROP UP THERMAL COAL DEMAND - COMMODITY ONLINE
Commodity Online : Weakness in thermal coal demand in OECD will continue to be offset by growth in demand in India and China. Therefore, the s ...
Tuesday, 08 June 10
TATA POWER LOOKING TO PICK UP STAKE IN OVERSEAS COAL MINES - ECONOMIC TIMES
Economic Times reported that, Tata Power is looking for a strategic stake purchase in coal mines of Indonesia or South Africa to fuel its upcoming 1 ...
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- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
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- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
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- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
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- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- The University of Queensland
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
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