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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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Saturday, 08 March 14
LETTERS OF INDEMNITY - SKULD
KNOWLEDGE TO ELEVATE
In today's trading market, owners are frequently requested to accept a letter of indemnity (LOI) in exchange for complying ...
Friday, 07 March 14
DRY BULK MARKET TO BENEFIT FROM CHINA'S GDP GROWTH TARGET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With the dry bulk market freight rates finally making waves, China's aim of 7.5% GDP growth for 2014 mean once again positive news for the shipping ...
Friday, 07 March 14
RBCT, WORLD'S LARGEST COAL EXPORTING TERMINAL SHIPPED 1.78% LESS COAL MONTH ON MONTH
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the single largest export coal terminal in the world, shipped 4.487 million tons of ...
Friday, 07 March 14
INDONESIA SHIPPED 7% LESS COAL IN JANUARY 2014 COMPARED TO ITS DECEMBER EXPORTS
COALspot.com: Indonesia, the world 4th largest coal producer and the Global largest multi grade coal exporter shipped around $1.8* billion ...
Friday, 07 March 14
INDONESIA TO PRODUCE 421 MMT OF COAL IN 2014
Coalspot.com: Indonesia finally agreed to increased 2014 coal output by as much as 6 percent to 421 million metric tons from its previous plan, a se ...
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- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- CNBM International Corporation - China
- The University of Queensland
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Minerals Council of Australia
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- India Bulls Power Limited - India
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