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Tuesday, 07 July 09
POWER - STATION COAL MAY RISE ON CHINA DEMAND, SUPPLIES, UBS SAYS
Power-station coal prices in Asia may increase in 2010 because of higher demand from China, the second-largest energy-consuming nation, and supply constraints, UBS AG said.
UBS has raised its 2010 forecast for the benchmark coal grade burned by Japanese utilities to $90 a metric ton from $80 a ton in 2010, analysts from the bank wrote in a report dated yesterday. Power-station coal prices at Australia’s Newcastle port, an Asian benchmark, climbed 6.5 percent to $73.13 a ton in the week ended July 3, according to the globalCOAL NEWC Index.
Bottlenecks at Australian ports, heavy rain in Indonesia and increased imports by China constrained supplies of the fuel to Asian customers in 2007 and drove up prices. Market conditions are expected to tighten starting in the fourth quarter of this year and peak in 2011, UBS said.
“We are once again experiencing an increasingly tighter coal market with a theme developing similar to 2007,” UBS analysts led by Jakarta-based Andreas Bokkenheuser said in the note. China, the biggest producer and consumer of coal, burns the fuel to generate about 80 percent of its electricity.
Power use is increasing in China, as light industries step up production, after heavy industrial growth recovered in June, the UBS analysts said. Australian and Indonesian supply growth remains low and mining shutdowns in China’s Shanxi province have added to regional supply constraints, UBS said.
Price estimates for 2011 to 2013 have been reduced to factor in a possible supply response as coal producers address shortages, the analysts said.
Source: Bloomberg
(http://www.bloomberg.com/apps/news?pid=20601081&sid=aYezGDx3lDu4)
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Friday, 29 May 09
INDONESIA PLANS "CLEARING HOUSE" FOR COAL - ALIBABA
Alibaba reported that, Indonesia, the world's biggest thermal coal exporter, plans to set up an agency similar to a clearing house to trade stocks ...
Friday, 29 May 09
INDIKA EYES MORE ACQUISITIONS - THE JAKARTA POST
Having nearly completed the acquisition of engineering and mining company PT Petrosea, energy company PT Indika Energy is preparing for more acquisi ...
Friday, 29 May 09
PTBA PAYS DIVIDENDS OF RP 371.5 A SHARE - THE JAKARTA POST
The annual shareholders' meeting of state-controlled coal producer PT Tambang Batubara Bukit Asam (PTBA) approved on Thursday the allocation of 50 ...
Thursday, 28 May 09
INDIANS CHOOSE SOUTH AFRICA COAL OVER INDONESIAN - MINEWEB (REUTERS)
South African cargoes are about $4 a tonne cheaper than Indonesian coal, as a result India now prefers South Africa .
Indian imports of South Afr ...
Wednesday, 27 May 09
NEWCASTLE PORT'S WEEKLY COAL EXPORTS INCREASE 3.6% - BLOOMBERG
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 3.6 percent last week while the num ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- The University of Queensland
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Minerals Council of Australia
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
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