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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, 21 August 09
HUANENG YIMIN TO HIKE COAL OUTPUT
China Daily, the largest English portal in China reported that, China's first large coal-electricity joint project, Huaneng Yimin Coal Electricity ...
Thursday, 20 August 09
INDONESIA'S DELTA DUNIA BUYS COAL FIRM FOR $550 MLN
* Delta Dunia to acquire BUMA for $550 million
* Expect to complete the deal in the fourth quarter of 2009
* Delta Dunia has appointed Barclays Ca ...
Thursday, 20 August 09
MUNDRA PORT BAGS MORMUGAO PORT COAL TERMINAL DEVELOPMENT CONCESSIONS
NDTV reported that, Mundra Port and Special Economic Zone (Mundra Port) the largest private port in India has won the bid for the development of coa ...
Thursday, 20 August 09
INDONESIA'S BUKIT ASAM SET FOR MINE ACQUISITIONS
* Allocates $150 million for coal mine acquisitions
* Expects one deal to be completed by the end of 2009
Reuters world's largest international ...
Thursday, 20 August 09
INDONESIAN COAL EXPORT LESSENS IN FIRST SEMESTER
Domestic coal use has grown by five million tons.
Viva News reported that, Domestic coal export up until the first half of 2009 decreased by four ...
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- Marubeni Corporation - India
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Bhatia International Limited - India
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
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