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Friday, 07 August 09
CHINESE DEMAND FOR FOREIGN COAL SOARS
 Mining Weekly reported that, Chinese coal imports rocketed by 126,3%, year-on-year, in the first half of this year, the country’s customs authorities have revealed. In quantitative terms, the first semester’s coal imports amounted to 48,3-million tons, despite the fact that China is the world’s biggest coal producer.
According to a separate report, from Reuters, between 140 000 t and 150 000 t of the coal imported by China came from South Africa. Total South African coal exports to Asia (excluding India and Pakistan) in the six months to June were some 1,4-million tons, which represented a minor increase over 2008 levels. It is, however, forecast that South African coal exports to Asia will amount to about three-million tons for 2009, a significant increase from last year’s figure of around two-million tons.
The Asian market, in general, is reported to be extremely price sensitive, which is why coal from relatively distant South Africa is rarely competitive in the region. On the other hand, South African coal is extremely competi- tive in the nearby Indian market, and exports to that country have shot up. South African coal is increasingly becoming the preferred option in the Indian market.
Indeed, it is believed that price is the driving force behind China’s rapidly increasing coal imports. Many Chinese collieries are high-cost producers, and consumers of the energy mineral are finding it cheaper to import coal from Indonesia, Australia, Vietnam and even Russia, than to buy it locally.
The China Mining Association reports that the Chinese government’s four-trillion-yuan stimulus package started having an impact during the first half of the year. One result is that coal prices in that country are steadily increasing owing to increased demand from the electricity generation, cement, chemicals and steel industries, as well as the market’s inflationary expectations.
China International Capital Corporation has increased its forecast for the growth in Chinese coal consumption this year from 1,3% to 3,7%, and for next year from 3,2% to 5,3%. Despite the increase in imports, analysts at Chinese brokerage Galaxy Securities report that the country’s two top coal-miners, China Shenhua Energy and China Coal Energy, were able to nego- tiate 10% increases in their contract prices for coal, while a third company, Yanzhou Coal Mining, achieved a 4% increase. Galaxy Securities foresees a growth rate of between 4% and 10% in contract coal prices this year.
The China Mining Association reports that, in the first ten days of July, China’s electricity generation amounted to 83,08-billion kilowatt hours, which was almost the same for the corresponding period last year and was a 9,9% increase month-on-month. During the first 15 days of July, the Chinese power sector consumed 30,47-million tons of coal, an almost 17% increase month-on-month.
For the period January to May, Chinese cement production was 570-million tons, a year-on-year increase of 13,3%, with a growth rate of 4,3%. Demand for cement is expected to grow during the next three months, partly thanks to the Chinese government’s stimulus package. The other reason is the fact that this is the traditional peak cement consumption season. In addition, there is some recovery in the property sector.
Recovery in parts of the chemicals sector has been much weaker, and demand in some downstream industries remains weak.
Source: Mining Weekly
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Friday, 28 August 09
COAL MINE BUYERS DUST OFF THEIR CASH ( ANALYZED BY REUTERS)
* Coal asset buyers give up waiting for bargains
* Mining majors expected to buy not sell
* South Africa a target, Indonesia less so
By Jackie ...
Friday, 28 August 09
JSW MAY BUY AFRICAN MINE FOR US$ 350
The Economic Times Reported that, The Sajjan Jindal-owned JSW Group is in advanced talks to acquire a coal mine in Swaziland, Africa, at an estimate ...
Friday, 28 August 09
COAL INDIA ALLOWED TO IMPORT COKING COAL
The government Thursday allowed the state-owned Coal India to import coking coal and high grade ash thermal coal by acquiring coal properties abroad ...
Thursday, 27 August 09
CIL TO SPEND US$ 1 - 1.5 BN TO ACQUIRE ASSETS IN 4 COUNTRIES
Business Standard reported that, "Coal India is looking to spend $1-1.5 billion in acquiring mining assets in Australia, Indonesia, South Afric ...
Wednesday, 26 August 09
INDIA'S JSW TO DOUBLE JAIGARH PORT CAPACITY TO 20 MT
Sea Trade Asia reported that, JSW Jaigarh Port, a wholly owned subsidiary of JSW Infrastructure & Logistics, plans to double cargo handling capa ...
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- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- The University of Queensland
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
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