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Wednesday, 07 July 10
COAL PRICES ON THE RISE
Caixin online reported that, China's domestic coal prices have seen a 26.2 percent year-on-year rise in May. Meanwhile, the volume of coal imports and prices have also increased.
According to the Ministry of Industry and Information Technology (MITT), the domestic coal price in May was up 4.7 percent month-on-month. The growth rate was 3.5 percentage points higher than that in April.
During the first five months of this year, China imported 68.98 million tons of coal, up 114.3 percent year-on-year, making the country a net coal importer. In May alone, China imported 11 million tons of coal, in a rise of 16.6 percent from the same period last year. Average import prices for the first five months increased 30 percent year-on-year to US$ 96.70 per ton.
China became a net coal importer in February 2009 with increasing demand from steel and electricity production. According to Reuters, industry analysts predicted that China's total coal imports for 2010 are expected to reach 170 million tons, making it the world's largest coal importer.
Facing mounting pressures of coal price rise, China's National Development and Reform Commission (NDRC) recently asked major domestic coal producers not to raise prices. The NDRC's price department has been urging coal companies to honor 2010 coal contract prices and return any additional charges gained from higher prices by the end of June.
Source: Caixin
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Saturday, 17 July 10
BULLISH OUTLOOK FOR COKING COAL - MINING MX & HELLENIC SHIPPING
Mining Mx reported that, the coking coal market has better long-term fundamentals than the iron ore market, according to a recent research rep ...
Friday, 16 July 10
CHINA EXPORTS 10.14 MILLION TONNES OF COAL IN H1 OF 2010
China exported 10.14 million tonnes of coal in the first half of this year, down 13.1% compared with the corresponding period of last year, accordin ...
Thursday, 15 July 10
SMC TO PURSUE MINDANAO COAL MINING PROJECTS
Philippine Daily Inquirer reported that, DIVERSIFYING CONGLOMERATE San Miguel Corp. is inclined to pursue its coal mining projects in Mindanao ...
Thursday, 15 July 10
ADANI ENTERPRISES WILL BUY $1 BILLION COAL MINE FROM LINC ENERGY - TOP NEWS
Top News reported that, Adani Enterprises has almost managed to obtain a coal mine from Linc Energy for $1 billion in Queensland, Australia. This mi ...
Thursday, 15 July 10
ADANI TO DEVELOP COAL EXPORT TERMINAL IN AUSTRALIA - BUSINESS STANDARD
Business-Standard reported that, The Adani Group, promoter of Mundra Port and Special Economic Zone (MPSEZ), today said it has been selected as the ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Energy Link Ltd, New Zealand
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- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
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- Minerals Council of Australia
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- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
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- Samtan Co., Ltd - South Korea
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- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
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