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Saturday, 09 May 09
CHINA PLANS TO BUILD COAL STOCKPILE BASES IN SHANDONG - BLOOMBERG
 China, the world’s largest coal producer and consumer, plans to build stockpiles of the fuel in the eastern province of Shandong to ensure supplies and help stabilize prices, the nation’s top economic planner said.
The province will complete the construction of four to six coal stockpile bases within the next three to five years, the National Development and Reform Commission said in a statement on its Web site today. The bases will each have a capacity to store more than 20 million metric tons of coal.
Shandong’s annual coal shortage may rise to more than 190 million tons next year, according to the commission. Coal prices at China’s Qinhuangdao port, a domestic benchmark, soared to a record in July last year and since then have almost halved as the global recession reduced energy demand.
"The province needs to build coal stockpiles and transit bases urgently to cope with potential energy supply disruptions,” the commission said. "Coal resources will become tighter in the long term, and it will be harder to secure resources from the outside market.”
Shandong, the nation’s second-most populous province, produced 135 million tons of coal last year, while provincial demand was 270 million tons, the commission said. By next year, coal consumption may rise to 311 million tons and output may be less than 150 million tons, the economic planner said. China produced 2.6 billion tons of coal in 2008.
Coal Imports
The bases will be stocked with coal from local mines and possibly imports from countries including North Korea, Indonesia and Vietnam, the commission said, without elaborating.
"Shandong needs more coal from the outside market compared with other provinces, so it’s necessary for them to build some stockpiles,” Wang Shuai, a mining analyst at Orient Securities Co., said by telephone in Shanghai. “On a national level, it may not be that urgent to build coal stockpiles now as China is self-sufficient.”
The four bases will be located in Longkou, Laiwu, Zhucheng and Qihe in the first phase and two more will be built in Rizhao and Heze “when the time is ripe,” the commission said.
The base in Longkou city will start operations in October and will eventually have a capacity of 50 million tons, the commission said.
Source: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ashxl8kfqenM
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Wednesday, 13 May 09
COAL SUPPLY MAY BE VASTLY OVERESTIMATED - ABC SCIENCE
The world's coal supply suggests reserves may be vastly overestimated and we could be facing an unprecedented global energy crisis, according to a ...
Wednesday, 13 May 09
INDONESIA ADARO NET PROFIT, REVENUE TO RISE IN 2009 - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, expects double-digit growth in revenue and net profit this year, an officia ...
Wednesday, 13 May 09
ALPHA TO BUY RIVAL, CREATING NEW US COAL HEAVYWEIGHT - MININGWEEKLY.COM
Alpha Natural Resources, the biggest supplier of metallurgical coal in the US, has agreed to buy Maryland-based rival Foundation Coal for about $1,4 ...
Tuesday, 12 May 09
CHINA MINERS CUT COAL PRICE OFFER TO JAPAN UTILITIES - ALIBABA.COM
* Producers cut offer to $75.50 a tonne from over $80
* Negotiations may conclude soon as price gap narrows
* New offer at discount of about 43 pe ...
Tuesday, 12 May 09
INDO TAMBANGRAYA SEES 2010 COAL OUTPUT UP 25 PCT - REUTERS
Indonesian coal miner, PT Indo Tambangraya Megah (ITMG.JK), expects coal output to increase by up to 25 percent next year as production kicks in at ...
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- Indian Oil Corporation Limited
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- Bangladesh Power Developement Board
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- Ministry of Transport, Egypt
- Parliament of New Zealand
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- Chamber of Mines of South Africa
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- Thai Mozambique Logistica
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- Ministry of Finance - Indonesia
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- Eastern Energy - Thailand
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- Eastern Coal Council - USA
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- Altura Mining Limited, Indonesia
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- Romanian Commodities Exchange
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- Economic Council, Georgia
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- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Heidelberg Cement - Germany
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- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
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- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
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- Minerals Council of Australia
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Global Green Power PLC Corporation, Philippines
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- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
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- Mintek Dendrill Indonesia
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- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
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- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
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- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
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- PNOC Exploration Corporation - Philippines
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- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- McConnell Dowell - Australia
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Wood Mackenzie - Singapore
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- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
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- Sical Logistics Limited - India
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- Commonwealth Bank - Australia
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- Sojitz Corporation - Japan
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- Orica Australia Pty. Ltd.
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- Kalimantan Lumbung Energi - Indonesia
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