COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

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 ...


   1156 1157 1158 1159 1160   
Showing 5786 to 5790 news of total 6871
News by Category
Popular News
 
Total Members : 28,697
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Leighton Contractors Pty Ltd - Australia
  • Xindia Steels Limited - India
  • Arutmin Indonesia
  • Riau Bara Harum - Indonesia
  • Cement Manufacturers Association - India
  • PLN - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Formosa Plastics Group - Taiwan
  • SMG Consultants - Indonesia
  • NALCO India
  • Manunggal Multi Energi - Indonesia
  • Sucofindo - Indonesia
  • J M Baxi & Co - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Bhatia International Limited - India
  • CESC Limited - India
  • Sakthi Sugars Limited - India
  • Indika Energy - Indonesia
  • LBH Netherlands Bv - Netherlands
  • Ministry of Mines - Canada
  • Parry Sugars Refinery, India
  • Arch Coal - USA
  • Indian Energy Exchange, India
  • Bank of America
  • Peabody Energy - USA
  • Global Green Power PLC Corporation, Philippines
  • VISA Power Limited - India
  • Siam City Cement PLC, Thailand
  • Asmin Koalindo Tuhup - Indonesia
  • Cargill India Pvt Ltd
  • Aditya Birla Group - India
  • Straits Asia Resources Limited - Singapore
  • PowerSource Philippines DevCo
  • Economic Council, Georgia
  • Coal India Limited
  • New Zealand Coal & Carbon
  • BNP Paribas - Singapore
  • Africa Commodities Group - South Africa
  • Idemitsu - Japan
  • Eastern Coal Council - USA
  • Thailand Anthracite
  • Platts
  • Electricity Generating Authority of Thailand
  • Borneo Indobara - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Kartika Selabumi Mining - Indonesia
  • Fearnleys - India
  • Shenhua Group - China
  • Wood Mackenzie - Singapore
  • Energy Development Corp, Philippines
  • Glencore India Pvt. Ltd
  • bp singapore
  • Maheswari Brothers Coal Limited - India
  • Australian Commodity Traders Exchange
  • KOWEPO - South Korea
  • Eastern Energy - Thailand
  • IOL Indonesia
  • Commonwealth Bank - Australia
  • Savvy Resources Ltd - HongKong
  • WorleyParsons
  • Holcim Trading Pte Ltd - Singapore
  • Sindya Power Generating Company Private Ltd
  • Directorate Of Revenue Intelligence - India
  • Wilmar Investment Holdings
  • Karaikal Port Pvt Ltd - India
  • Tata Chemicals Ltd - India
  • KPCL - India
  • Permata Bank - Indonesia
  • Orica Mining Services - Indonesia
  • Malco - India
  • Billiton Holdings Pty Ltd - Australia
  • Ceylon Electricity Board - Sri Lanka
  • CCIC - Indonesia
  • Agrawal Coal Company - India
  • NTPC Limited - India
  • Bharathi Cement Corporation - India
  • Cosco
  • Bank of China, Malaysia
  • Barasentosa Lestari - Indonesia
  • HSBC - Hong Kong
  • IMC Shipping - Singapore
  • Pendopo Energi Batubara - Indonesia
  • PetroVietnam
  • IBC Asia (S) Pte Ltd
  • Vizag Seaport Private Limited - India
  • Mitra SK Pvt Ltd - India
  • Core Mineral Indonesia
  • Indogreen Group - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • Cebu Energy, Philippines
  • Indo Tambangraya Megah - Indonesia
  • MS Steel International - UAE
  • Trasteel International SA, Italy
  • Geoservices-GeoAssay Lab
  • BRS Brokers - Singapore
  • Salva Resources Pvt Ltd - India
  • Indian Oil Corporation Limited
  • Attock Cement Pakistan Limited
  • Inco-Indonesia
  • Thai Mozambique Logistica
  • Global Business Power Corporation, Philippines
  • Rio Tinto Coal - Australia
  • GNFC Limited - India
  • TeaM Sual Corporation - Philippines
  • Carbofer General Trading SA - India
  • Berau Coal - Indonesia
  • Neyveli Lignite Corporation Ltd, - India
  • Coalindo Energy - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Globalindo Alam Lestari - Indonesia
  • Ministry of Finance - Indonesia
  • ASAPP Information Group - India
  • SMC Global Power, Philippines
  • Timah Investasi Mineral - Indoneisa
  • Adani Power Ltd - India
  • Rudhra Energy - India
  • Coal and Oil Company - UAE
  • ICICI Bank Limited - India
  • Merrill Lynch Commodities Europe
  • Deloitte Consulting - India
  • Sojitz Corporation - Japan
  • Madhucon Powers Ltd - India
  • Mjunction Services Limited - India
  • Price Waterhouse Coopers - Russia
  • Surastha Cement
  • Orica Australia Pty. Ltd.
  • IHS Mccloskey Coal Group - USA
  • European Bulk Services B.V. - Netherlands
  • Australian Coal Association
  • Energy Link Ltd, New Zealand
  • The India Cements Ltd
  • Edison Trading Spa - Italy
  • Moodys - Singapore
  • Gresik Semen - Indonesia
  • Vitol - Bahrain
  • Anglo American - United Kingdom
  • Larsen & Toubro Limited - India
  • Siam City Cement - Thailand
  • Binh Thuan Hamico - Vietnam
  • Tamil Nadu electricity Board
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Cemex - Philippines
  • Enel Italy
  • Ministry of Transport, Egypt
  • Adaro Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • MEC Coal - Indonesia
  • Indorama - Singapore
  • Uttam Galva Steels Limited - India
  • Deutsche Bank - India
  • SRK Consulting
  • Antam Resourcindo - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • Star Paper Mills Limited - India
  • DBS Bank - Singapore
  • Coal Orbis AG
  • Chamber of Mines of South Africa
  • Petron Corporation, Philippines
  • Interocean Group of Companies - India
  • KPMG - USA
  • Barclays Capital - USA
  • CIMB Investment Bank - Malaysia
  • Jindal Steel & Power Ltd - India
  • Jatenergy - Australia
  • Argus Media - Singapore
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Kohat Cement Company Ltd. - Pakistan
  • Altura Mining Limited, Indonesia
  • Total Coal South Africa
  • The State Trading Corporation of India Ltd
  • Directorate General of MIneral and Coal - Indonesia
  • Goldman Sachs - Singapore
  • ACC Limited - India
  • South Luzon Thermal Energy Corporation
  • San Jose City I Power Corp, Philippines
  • Parliament of New Zealand
  • Mitsui
  • Coaltrans Conferences
  • Rashtriya Ispat Nigam Limited - India
  • Gujarat Mineral Development Corp Ltd - India
  • Reliance Power - India
  • APGENCO India
  • CNBM International Corporation - China
  • Semirara Mining Corp, Philippines
  • Power Finance Corporation Ltd., India
  • SN Aboitiz Power Inc, Philippines
  • Ernst & Young Pvt. Ltd.
  • Tanito Harum - Indonesia
  • Thiess Contractors Indonesia
  • Humpuss - Indonesia
  • KEPCO - South Korea
  • Indian School of Mines
  • Bhoruka Overseas - Indonesia
  • GB Group - China
  • Samtan Co., Ltd - South Korea
  • Simpson Spence & Young - Indonesia
  • Maersk Broker
  • OPG Power Generation Pvt Ltd - India
  • Maruti Cements - India
  • Chettinad Cement Corporation Ltd - India
  • Maybank - Singapore
  • Ind-Barath Power Infra Limited - India
  • Iligan Light & Power Inc, Philippines
  • Medco Energi Mining Internasional
  • Grasim Industreis Ltd - India
  • PLN Batubara - Indonesia
  • Essar Steel Hazira Ltd - India
  • Lafarge - France
  • The Treasury - Australian Government
  • Dalmia Cement Bharat India
  • Meenaskhi Energy Private Limited - India
  • McKinsey & Co - India
  • Kapuas Tunggal Persada - Indonesia
  • Mechel - Russia
  • Singapore Mercantile Exchange
  • Thriveni
  • Gujarat Electricity Regulatory Commission - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Lanco Infratech Ltd - India
  • UBS Singapore
  • GMR Energy Limited - India
  • Kaltim Prima Coal - Indonesia
  • Panama Canal Authority
  • Samsung - South Korea
  • SGS (Thailand) Limited
  • Kepco SPC Power Corporation, Philippines
  • Aboitiz Power Corporation - Philippines
  • EMO - The Netherlands
  • Credit Suisse - India
  • Latin American Coal - Colombia
  • Meralco Power Generation, Philippines
  • Shree Cement - India
  • Noble Europe Ltd - UK
  • TRAFIGURA, South Korea
  • Gupta Coal India Ltd
  • Ambuja Cements Ltd - India
  • Posco Energy - South Korea
  • Platou - Singapore
  • Videocon Industries ltd - India
  • Qatrana Cement - Jordan
  • Kumho Petrochemical, South Korea
  • GN Power Mariveles Coal Plant, Philippines
  • Electricity Authority, New Zealand
  • Standard Chartered Bank - UAE
  • Kideco Jaya Agung - Indonesia
  • Petrochimia International Co. Ltd.- Taiwan
  • Bangladesh Power Developement Board
  • TANGEDCO India
  • Jaiprakash Power Ventures ltd
  • Planning Commission, India
  • Japan Coal Energy Center
  • Heidelberg Cement - Germany
  • Infraline Energy - India
  • Georgia Ports Authority, United States
  • Romanian Commodities Exchange
  • Inspectorate - India
  • Vale Mozambique
  • Banpu Public Company Limited - Thailand
  • Mintek Dendrill Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • JPower - Japan
  • Britmindo - Indonesia
  • Mercator Lines Limited - India
  • Mitsubishi Corporation
  • Minerals Council of Australia
  • Bhushan Steel Limited - India
  • Kobexindo Tractors - Indoneisa
  • Russian Coal LLC
  • The University of Queensland
  • Independent Power Producers Association of India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Bukit Makmur.PT - Indonesia
  • Therma Luzon, Inc, Philippines
  • EIA - United States
  • Ince & co LLP
  • Clarksons - UK
  • Sinarmas Energy and Mining - Indonesia
  • ETA - Dubai
  • Vedanta Resources Plc - India
  • ING Bank NV - Singapore
  • Krishnapatnam Port Company Ltd. - India
  • PNOC Exploration Corporation - Philippines
  • Indonesia Power. PT
  • TGV SRAAC LIMITED, India
  • Pinang Coal Indonesia
  • Bulk Trading Sa - Switzerland
  • Bahari Cakrawala Sebuku - Indonesia
  • Baramulti Group, Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • Sarangani Energy Corporation, Philippines
  • UOB Asia (HK) Ltd
  • Coeclerici Indonesia
  • McConnell Dowell - Australia
  • GVK Power & Infra Limited - India
  • Oldendorff Carriers - Singapore
  • Cigading International Bulk Terminal - Indonesia
  • Runge Indonesia
  • Central Java Power - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Gujarat Sidhee Cement - India
  • World Coal - UK
  • Bangkok Bank PCL
  • Makarim & Taira - Indonesia
  • Asia Cement - Taiwan
  • RBS Sempra - UK
  • Global Coal Blending Company Limited - Australia
  • India Bulls Power Limited - India
  • SASOL - South Africa
  • ANZ Bank - Australia
  • OCBC - Singapore
  • Thermax Limited - India
  • Cardiff University - UK
  • TNPL - India
  • Intertek Mineral Services - Indonesia
  • Central Electricity Authority - India
  • CoalTek, United States
  • GAC Shipping (India) Pvt Ltd
  • Metalloyd Limited - United Kingdom
  • Mercuria Energy - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • Merrill Lynch Bank
  • London Commodity Brokers - England
  • PTC India Limited - India
  • Bukit Baiduri Energy - Indonesia
  • Renaissance Capital - South Africa
  • SUEK AG - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • JPMorgan - India
  • White Energy Company Limited
  • GHCL Limited - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Thomson Reuters GRC
  • Port Waratah Coal Services - Australia
  • Asian Development Bank
  • Xstrata Coal
  • Malabar Cements Ltd - India
  • Sical Logistics Limited - India
  • Toyota Tsusho Corporation, Japan
  • World Bank
  • Kobe Steel Ltd - Japan
  • U S Energy Resources
  • IEA Clean Coal Centre - UK
  • TNB Fuel Sdn Bhd - Malaysia
  • Petrosea - Indonesia
  • Semirara Mining and Power Corporation, Philippines
  • globalCOAL - UK
  • Freeport Indonesia
  • Tata Power - India
  • Indonesian Coal Mining Association
  • Marubeni Corporation - India
  • Coastal Gujarat Power Limited - India