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Tuesday, 31 January 12
THERE ARE MANY GOOD REASONS FOR COAL IN GERMANY - DR CIESLIK
 COALspot.com - "The year 2011 was again marked by many changes on the markets and energy policies, at times in line with expectations, but at other times with unexpected development," said Dr. Cieslik, Chairman of the board of German Coal Importers Association, on the occasion of association's New Year's reception on 20th January 2012 in Hamburg.
According to Dr. Cieslik, coal in Germany as well as in Europe is faced with an increasingly hostile environment during 2011. Internationally, however, the world looks much different for coal. So let us take a look now at the world market for coal.
The World Market for Coal
"The initial overview indicates that worldwide production will remain more or less at the previous level totalling 6.7 billion tonnes. The main reason for this is the loss of production in the coking coal sector in Queensland because of the flooding in this region caused by weather conditions at the beginning of 2011," Chairman said in his speech.
The world seaborne coal market recorded growth in the coking coal sector because of the activity of the steel industry and in the steam coal sector and will probably have risen by about 5% from 963 million to more than 1 billion tonnes.
Despite the banking and financial crisis, the steam coal market continued to grow, although it slowed to some degree. Demand rose on both the Atlantic and Pacific markets, above all from China.
There was also growth in the coking coal market, which rose by 22 million tonnes or almost 9% to 242 million tonnes. The lower demand on the Pacific market was a small surprise, but it was more than compensated by the significance increase in Atlantic demand, chairman highlighted in his speech.
The price level for steam coal remained stable at a high level in 2011, ranging between US$115/t and US$125/t.
The heavy rains and the subsequent flooding in large areas of Queensland in Australia initially caused an explosive price increase on the spot markets, especially for coking coal, to more than US$300/t for coking coal. However, the decline in steel production worldwide caused by economic conditions in the second half of 2011 also repressed the demand for coking coal, leading in turn to pressure forcing prices downward during the last quarter of 2011.
Australian premium coking coal fell to US$230/t.
Freight rates remained in a range of US$10- US$25/t for the benchmark route Richards Bay-Rotterdam during 2011. The market is characterised by overcapacities and the related pressures on prices and competition.
Germany
According to a provisional report from the Arbeitsgemeinschaft Energiebilanzen, primary energy consumption in Germany declined by about 5% to approximately 457 million TCE because of the mild weather conditions.
The consumption of hard coal at just under 57.5 million TCE declined slightly by 0.7% in comparison with the previous year and so was not able to record any significant growth in 2011 following the substantial increase in 2010. A particular cause is the decline in its use for power and heating generation of -2.5%.
There are many good reasons for coal
According to Chairman, there are many good reasons for coal in Germany
1.New facilities such as the hard coal-fired power plants with capacities of 8,400 MW now under construction are being equipped with the best available technology and high standards of efficiency; almost all of them have been designed as large power-heat coupling plants, assuring a very high degree of fuel exploitation.
2.New installations are replacing old power stations with lower degrees of efficiency and, specifically, higher CO2 emissions.
3.New installations are being designed so that they can accommodate CCS systems.
4.Power generation from coal will be needed as a transitional technology for at least the next 30-40 years, not least to compensate for fluctuations in the feed-in from renewable energy sources.
5.Coal production is globally spreaded.
Keynote speech by Dr Cieslik, Chairman of the board of German Coal Importers Association, on the occasion of Association's New Year´s Reception on 20th January 2012 in Hamburg.( We published part of Chairman's speech)
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Thursday, 26 January 12
ABM INVESTAMA SEALS US$100 MIO CONTRACT - INSIDER STORIES
Insider Stories reported that, PT Reswara Minergi Hartama, a subsidary of PT ABM Investama Tbk (ABMM), has sealed a 2 million tons of coal export co ...
Thursday, 26 January 12
DRY BULK MARKETS DOWNFALL KNOWS NO LIMITS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s demise seems to have no visible end, as China’s Lunar Year Holidays continue this week, thus leaving demand with n ...
Wednesday, 25 January 12
CLEAN AND CLEAR MINING PERMITS TO BE COMPLETED END OF 2012 - BISNIS.COM
Bisnis.com reported that, the government plans to announce 700 mining permits with "clean and clear" status without overlapping on other p ...
Tuesday, 24 January 12
ANOTHER SEVERE DROP IN THE CAPESIZE - BRS
The lunar year celebrations and the high number of new building deliveries (more than 35 Capes so far in January as owners push 2011 deliveries into ...
Tuesday, 24 January 12
BUKIT ASAM FY11 NET PROFIT SURGES 50% - INSIDER STORIES
Insider Stories reported that, the state-controlled PT Bukit Asam Tbk (PTBA) estimated to book Rp3 trillion (approximately US$ 335,570,469) net prof ...
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- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
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