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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, 17 July 09
THE NEW LAW OF MINERAL AND COAL MINING NO 4/2009 CREATE CONDUCIVE CLIMATE OF INVESTMENT IN INDONESIA
COALspot.com (Indonesia): The new Law of Mineral and Coal Mining No 4/2009, which replaces the old mining law No. 11/1967 has been signed by the Pre ...
Friday, 17 July 09
INDIA COAL TRADERS MUST OWN POWER, MINES - C&O BOSS
· Coal traders need to diversify to grow
· Coastal Energen to build first merchant power plant
· Tamil Nadu to see st ...
Friday, 17 July 09
CHINA SHENHUA ENERGY'S COAL OUTPUT SWELLS 17.6% IN H1
China Knowledge reported that, China Shenhua Energy Co Ltd, which is engaged in the coal mining, power generation and transportation businesses, on ...
Thursday, 16 July 09
CHINA ISSUES SECOND BATCH OF '09 EXPORT QUOTAS
China has issued 25 million tonnes of coal export quotas for the second batch this year, the National Development and Reform Commission said Wednesd ...
Thursday, 16 July 09
NTPC TO ENGAGE BANKERS TO ACQUIRE OVERSEAS COAL MINES
The Hindu reported that, State-run power generation company NTPC said it would appoint merchant bankers next month for acquiring coal mines identifi ...
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- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
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