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Saturday, 20 June 09
COAL OUTLOOK DARKENS AS PRODUCERS LOOK FOR PRICING FLEXIBILITY
Russia’s coal output has dropped 17% in the first quarter of the year, with slowing demand and rising tariffs adding gloom to the outlook for the industry.
Russia has second largest coal reserves in the world – but its gas reserves are even bigger.
Over the past decade it has increased the use of gas to fuel its power stations, pushing the sector’s traditional suppliers – coal miners – out of the market.
On average the share of coal in Russian power generation is about 20% – less than half the world average of 50%.
But the luxury of cheap gas may soon end – foreseeing the changes, generator IES Holding, has already increased its share of coal in generation from 2% to 7% according to Vice President, Eduard Smelov.
“Gas prices are going to increase. By 2011 we will have market pricing – coal will be much cheaper.”
Electricity producers want long term contracts – of up to 10 years – something the coal industry resists. Coal prices depend on the charges of Russian monopolies – especially the cost of transport by Russian Railways.
If their costs rise, coal producers want to be free to raise their prices. And shifting more coal sales to export, is not an answer according to Oleg Pertsovsky from Strategy and Corporate Development at SUEK.
“For the foreign market we have the huge drop in prices. At the same time the costs continue to grow. On average the export market becomes much less interesting than it was before, so currently the coal producers face very low margins on both markets.”
Coal producers are trapped between prices set by market forces and costs set by the state.
Source: Russia Today (http://www.russiatoday.com/Business/2009-06-19/Coal_outlook_darkens_as_producers_look_for_pricing_flexibility.html)
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Thursday, 02 July 09
PETCOKE BOOMS AS CEMENT MAKERS TRY TO REPLACE COAL
* Cement makers led by Asia chase petcoke to replace coal
* Petcoke prices up $10/T Feb-Jun, set to rise further
* Domestic U.S. petcoke demand ma ...
Wednesday, 01 July 09
NEWCASTLE WEEKLY COAL EXPORTS RISE BY 12PCT
Bloomberg reported that Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 12% last ...
Wednesday, 01 July 09
RS 6,000CR MMTC COAL IMPORT PLAN UNDER CLOUD
The plan of MMTC Ltd, a trading firm under the commerce ministry, to import coal worth Rs 6,000 crore has come under cloud, with the Central ...
Wednesday, 01 July 09
INDONESIAN FIRM BIDS FOR 130,000T COAL FOR NAPOCOR
Top Philippine electricity producer National Power Corp. (Napocor) said on Wednesday it received two bids from Indonesia's PT Trubaindo and its loc ...
Wednesday, 01 July 09
COAL PRICE INDEX TO BE LAUNCHED IN JULY
India will soon get a coal index to track the coal price movement in the country.
India's leading e-commerce company Mjunction Services Ltd will ...
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- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Cement Manufacturers Association - India
- The University of Queensland
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- PTC India Limited - India
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
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