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Tuesday, 02 June 09
CHINA OVERSEAS COAL DEMAND TO STAY BUOYANT-MINERS (REUTERS)
China's demand for overseas coal is expected to stay strong in the second half as long as prices of imported coal maintain a discount to domestic prices, two key Indonesian producers said on Tuesday.
The Indonesian unit of Thai Banpu said China's appetite for coal was still robust, while Indonesia's No. 2 coal miner PT Adaro also said Chinese demand for imported material was expected to stay robust.
There have been growing concerns among some producers and traders that China's recent hunger for overseas coal could soon fade following spikes in Asian thermal coal and freight prices in recent weeks, which are fast eroding the price advantage for southern Chinese utilities of purchasing the fuel.
Australian coal prices on the globalCOAL Newcastle index, a benchmark for Asia, jumped by nearly $3 from Friday and struck the psychologically important level of $70 a tonne on Monday, while port coal prices at China's top coal port Qinhuangdao were hovering at around $92 a tonne.
Some industry participants also said that utilities in southern China might buy less coal in the second half as many would have already contracted large volumes earlier this year to meet part of their full-year requirements.
Banpu's unit in Indonesia, PT Indo Tambangraya Megah, which also has stakes in power plants in China, said some utilities in southern China have been increasing their coal purchases since April as they step up power production.
"As long as there is a difference between domestic and import prices, China will still be buying coal from overseas," Apimuk Taifayongvichit, chief marketing and logistics planner at Indo Tambangraya Megah, said at the Coaltrans conference in Bali.
"And we do not expect domestic prices to tumble."
Apimuk also said the firm was looking to acquire coal mines in Indonesia to increase the company's production.
Indonesia's Adaro also said China's demand for overseas coal was expected to stay strong in the second half of this year.
"From the signs we've seen, going forward, we can only say it is still looking strong in the second half," said Alastair Grant, Adaro's marketing director
Grant said Adaro was expecting to increase sales to China to about 3.5 million tonnes in 2009, compared with about 2 million tonnes last year. He added that the bulk of that 3.5 million tonnes volume had already been contracted.
Indonesia's largest coal miner, PT Bumi Resources Tbk , said on Monday it had sold about 8 million tonnes of coal to China for delivery in 2009.
Source: http://www.reuters.com/article/rbssEnergyNews/idUSJAK12258320090602
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Monday, 27 April 09
JSW ENERGY SET TO SNAP UP AFRICAN COAL MINE FOR $70 MN - ECONOMIC TIMES
Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million ...
Monday, 27 April 09
INDONESIA MINING RULES MAY DETER INVESTORS-OFFICIALS - REUTERS
Indonesia's rules on foreign divestment of mining projects must be revised to address issues such as finding buyers if Southeast Asia's biggest ec ...
Monday, 27 April 09
UNDERGROUND MINING IN FOREST AREAS NOT SO SIMPLE - THE JAKARTA POST
The government's plan to issue a presidential decree allowing mining companies to mine underground in protected forest concession areas has resulte ...
Monday, 27 April 09
COAL PRICES ABOVE FUNDAMENTALS - STUFF.CO.NZ
Coal prices have defied the gravity of fundamental factors, supported by stockpiling prompted by cheaper prompt prices rather than a reflextion of a ...
Sunday, 26 April 09
MITRA HOPES TO SECURE DEALS WITH TWO COAL FIRMS BY JUNE - THE JAKARTA POST
An integrated oil and gas services company, publicly listed PT Mitra Rajasa, is expecting to seal acquisition deals with two coal companies in June, ...
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- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
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- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- Planning Commission, India
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- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- The University of Queensland
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- ASAPP Information Group - India
- New Zealand Coal & Carbon
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- Economic Council, Georgia
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- Banpu Public Company Limited - Thailand
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- Standard Chartered Bank - UAE
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- Grasim Industreis Ltd - India
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- Gujarat Mineral Development Corp Ltd - India
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- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
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- Mercuria Energy - Indonesia
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- Georgia Ports Authority, United States
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- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Latin American Coal - Colombia
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- Vedanta Resources Plc - India
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- Asmin Koalindo Tuhup - Indonesia
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- Australian Commodity Traders Exchange
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- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
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- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
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- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
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- Sinarmas Energy and Mining - Indonesia
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- Minerals Council of Australia
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- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
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- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Bhatia International Limited - India
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- Manunggal Multi Energi - Indonesia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Medco Energi Mining Internasional
- Interocean Group of Companies - India
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- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
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- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
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