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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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Friday, 26 June 09
SA COAL EXPORTS UNLIKELY TO BREACH 65MT THIS YEAR
Coal volumes railed to South Africa’s Richards Bay Coal Terminal (RBCT) during the rain-affected first quarter of 2009 had fallen well short o ...
Friday, 26 June 09
BAYAN TARGETS GROSS PROFIT TO RISE BY 86.2 PERCENT
Local coal producer publicly listed PT Bayan Resources is targeting this year's gross profit to rise by 86.2 percent on the back of higher sales vo ...
Thursday, 25 June 09
INDIA'S ULTRATECH BUYS 500,000T S.AFRICA COAL
Indian cement maker Ultratech has bought 10 handymax cargoes of South African coal at $73.00-$74.00 a tonne CIF for July-September delivery, Indian ...
Wednesday, 24 June 09
NTPC BURNS MORE COAL TO PRODUCE ELECTRICITY
A tonne of coal is the same as another tonne of coal, you might think.
But power major NTPC Ltd is finding that this year’s coal is not yie ...
Wednesday, 24 June 09
NTPC, COAL INDIA TO BUY MINING ASSETS OVERSEAS
State-owned utility National Thermal Power Corporation (NTPC) and the largest coal producer Coal India are in advanced stages of acquiring mining as ...
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- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Parliament of New Zealand
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- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Economic Council, Georgia
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- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
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- GN Power Mariveles Coal Plant, Philippines
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- Antam Resourcindo - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
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- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
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- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- The University of Queensland
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- White Energy Company Limited
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
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