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Wednesday, 14 May 14
COAL PRICES IN CHINA HAVE DROPPED TO THEIR LOWEST LEVELS SINCE END-2008
COALspot.com: Coal prices in China have dropped to their lowest levels since end-2008, Fitch says in its latest rating report on one of the coal mining company in China. Fitch expects coal prices to stabilise as customers start re-stocking and more of the smaller miners in China close, market conditions are not likely to improve meaningfully in the next 12 to 24 months.
Fitch also believes cost control is the only lever coal producers in China still have to weather the weak market conditions over the next two to three years, in the absence of any strong policy support to curb cheaper coal imports.
Fitch also expects China's new price-based resource tax on coal mining - instead of a volume-based tax previously - to exert further pressure on Chinese domestic coal producers.
According to Fitch, the new tax, which is likely to be adopted in the near term, will probably, be around 5% of the selling price. That means the tax burden for coal miners could be roughly five times that under the current volume-based tax, although in practice the impact would be tempered by netting off other taxes against the higher resource tax.
"we expect this could accelerate market consolidation by squeezing out smaller, weaker players, which would benefit larger miners in China in the longer term", Fitch concluded.
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Monday, 05 May 14
SUB BIT-FOB INDONESIA COAL SWAPS LOST GROUND LAST WEEK
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on day, week and on month according to AsiaClear OTC coal swap's reports ...
Monday, 05 May 14
API 8 CFR SOUTH CHINA COAL SWAP FOR AVERAGE Q3 14 DELIVERIES: LOST 0.82% M-O-M
COALspot.com: API 8 CFR South China Coal swaps for average Q3 14 deliveries lost 0.82 percent month on month and closed at US$ 75.20 per mt as o ...
Sunday, 04 May 14
INDONESIA TO INDIA FREIGHT RATES ARE SHOWING POSITIVE TREND
COALspot.com: The freight market is seems to be some recovery as cape index has increased by 7.84 pct week on week. Cape index closed at 1829 po ...
Friday, 02 May 14
ADARO ENERGY STARTS YEAR 2014 WELL DESPITE CURRENT MARKET CONDITIONS
COALspot.com: Adaro Energy, the second largest Indonesian coal miner's revenue increased 14% to US$ 845 million due to higher sales volume, ...
Friday, 02 May 14
US WEEKLY COAL PRODUCTION RELATIVELY FLAT AT -0.1%, SAYS EIA
COALspot.com – United States the world's second largest coal producer, produced approximately 19.0 million short tons (mmst) of coal i ...
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- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- The University of Queensland
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
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