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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, 03 June 10
GOVT CONSIDERING IMPORT PARITY PRICE FOR DOMESTIC COAL
The government on June 1 said it is considering to price domestic coal on par with global rates, a move which may increase the cost of the raw mater ...
Wednesday, 02 June 10
SRI LANKA TESTS 1ST COAL POWER PLANT IN SEPT.
Sri Lanka will start testing its first 300 MegaWatt coal power plant in September with plans to connect it to the national distribution grid by Janu ...
Wednesday, 02 June 10
CHINA'S IRON ORE IMPORTS TO KEEP BEING THE BIGGEST FACTOR FOR DRY BULK FREIGHT RATES SAY READERS
With dry bulk freight rates staging a positive rally during most of May, the industry’s main benchmark, the Baltic Dry Index (BDI) has managed ...
Wednesday, 02 June 10
KIDECO TO PRODUCE 29.5 MILLION TONS OF COAL IN 2010
COALspot.com: Kideco to produce 29.5 million tons of coal in 2010 up 4.8 million or about 19 percent up from 2009 production. Kideco produced 24.7 m ...
Wednesday, 02 June 10
PLN TO DEVOUR 133 PERCENT MORE COAL IN NEXT FIVE YEARS
The Jakarta globe reported that, State electricity company PT Perusahaan Listrik Negara will more than double the amount of coal it uses over the ne ...
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- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Australian Coal Association
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
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- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Parliament of New Zealand
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