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Monday, 25 October 10
TWO CHINESE COMPANIES INK DEAL TO TAP AUSSIE COAL RESERVES
China Daily reportd that, two Chinese coal firms have teamed up to explore and develop coal resources in an area in Australia that has forecast reserves of 10 billion tons.
China Coal Geology Engineering Corp and Wanbei Coal-Electricity Group Co Ltd, based in East China's Anhui province, inked an agreement for the project. The two companies will carry out a five-year exploration and development in the area in Queensland.
The deal is in line with domestic coal companies' quickening pace in venturing overseas. The timing now is appropriate for them to expand overseas, analysts said.
Chinese companies can enjoy more reasonable prices in making overseas deals, as international coal prices have dropped a lot after the economic recession, said Zhang Yanlin, an analyst with China Investment Consulting Co.
The global coal industry will continue to have a bright future and demand for coal in some emerging markets is rising rapidly, Zhang said.
The volume of China's coal imports more than tripled in 2009 from a year earlier as the country's economic stimulus package boosted demand.
China's coal imports jumped 2.1 times to 130 million tons in 2009 from a year earlier, with the average price at $84 a ton, according to the General Administration of Customs (GAC).
GAC attributed the surge to higher domestic coal prices and a supply shortage caused by the increase in demand after the economic stimulus package came into effect. The move pushed up demand for high-quality coking coal in the steel, cement and chemical industries.
Yanzhou Coal Mining Co, China's third-largest coal producer, is scanning the market for additional coal acquisitions in overseas markets after becoming the new owner of Australia's Felix Resources Ltd, company executives told China Daily earlier.
State-owned Yanzhou is seeking to acquire new "coalmines as well as stakes" in coking or thermal coal companies in Australia.
Yanzhou had completed the legal footwork to take over Felix by the end of last year at a price of about $3 billion, ranking it China's biggest takeover of an Australian firm.
Source:China Daily / People Daily
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Thursday, 20 January 11
DRY BULK MARKETS FALL SEES NO END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Pundits indicating that the dry bulk market’s sentiment remains weak were justified, as the industry’s benchmark, the Baltic Dry Index ( ...
Wednesday, 19 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...
Tuesday, 18 January 11
MINISTRY SEEKS COAL FROM INDONESIA - SUNDAY OBSERVER
Sunday Observer reported that, Ministry of Power and Energy is to explore the possibilities of importing quality coal from Indonesia.
Minister Pa ...
Tuesday, 18 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...
Sunday, 16 January 11
STANCHART GLOBAL RESEARCH SEES COAL PRICE RISING ON SUPPLY DISRUPTION - BURSA MALAYSIA MARKET NEWS
Bursa Malaysia Market News reported that, Standard Chartered Global Research has upgraded its 2011 forecasts for global thermal coal prices based on ...
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- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- The University of Queensland
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- White Energy Company Limited
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
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