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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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Tuesday, 01 June 10
LANCO INFRATECH PLANS POWER PROJECTS IN COASTAL REGIONS
My digital reported that, Hyderabad-based Lanco Infratech will set up power projects in coastal regions based on imported coal. The company is ...
Monday, 31 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE SHORTENS
Business week reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in powe ...
Saturday, 29 May 10
FREIGHT MARKET SEEMS TO BE STABILIZING - CAPT. REDDY
COALspot.com: The week was clearly for Cape which went up by almost 21 pct . The BDI was up only by 6 pct.
The other sectors were under pressure ...
Friday, 28 May 10
BERAU COAL GROUP SEEKS US$ 700 M LOAN
PT Bukit Mutiara has decided to revise down its bond issue from US$600 million to US$400 million. In total, it is seeking US$700 million of debt, co ...
Friday, 28 May 10
CHINESE BAN TO HIT INDIAN IRON ORE EXPORTS
Nearly half of India's iron ore exports to China are in serious danger of being wiped out. The local government has imposed a ban on import of low ...
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- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- PTC India Limited - India
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Australian Coal Association
- Central Electricity Authority - India
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- Parliament of New Zealand
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- New Zealand Coal & Carbon
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
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