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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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Friday, 08 May 09
INDONESIAN STATE AUDIT BOARD COULD ONLY REACHED A SMALL NUMBER OF KP AND PKP2B - MAJALAHTAMBANG
THE LACK of personnel and the very limited time period have been the reasons why the 2nd semester of the special purpose audit for coal mining ...
Friday, 08 May 09
B.C.'S MINING INDUSTRY HIGH COAL PRICES TO RECORD 2008 PROFITS - PAGUNTAKA
AGGREGATE pre-tax earnings rose to $3.2 billion, the highest amount in the 41-year history of a PricewaterhouseCoppers survey.
B.C.’s minin ...
Thursday, 07 May 09
ASIA COAL-PRICES EASE TO NEAR $63 ON DEMAND CONCERNS - REUTERS
AUSTRALIAN thermal coal prices, a benchmark for Asia, edged lower to around $63 a tonne on concerns over demand, after hitting a two-week high of $6 ...
Thursday, 07 May 09
RICHARDS BAY COAL SHIPMENTS FALL MOST IN 9 MONTHS - BLOOMBERG
RICHARDS BAY Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments fell 24 percent last month, the biggest drop in nine mo ...
Tuesday, 05 May 09
NEWCASTLE PORT'S WEEKLY COAL EXPORTS INCREASE - BLOOMBERG
COAL shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 18 percent last week while the numb ...
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- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- The University of Queensland
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- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
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- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
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- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
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- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
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- Tamil Nadu electricity Board
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- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
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- Commonwealth Bank - Australia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Economic Council, Georgia
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- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
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- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
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- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
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- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- PTC India Limited - India
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- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
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- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
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- Bhoruka Overseas - Indonesia
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- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
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- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
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- Electricity Authority, New Zealand
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- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
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- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
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- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
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- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
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- Indonesian Coal Mining Association
- Minerals Council of Australia
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