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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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Thursday, 09 July 09
COAL AND OIL GROUP TO INVEST $300 MN TO BUY SHIPS AND ACQUIRE COAL MINE
Coal & Oil Group is planning to invest around $300 million (around Rs 1,500 crore) to buy new ships and to acquire coal mines. The company is pl ...
Thursday, 09 July 09
NO TRADE ON AUSTRALIA'S ASX COAL FUTURES DEBUT
*ASX's deliverable thermal coal futures debut without trade
*ASX says futures could present new arbitrage opportunities
The debut of Australia ...
Wednesday, 08 July 09
GERMAN COAL PRODUCTION DECREASED BY 31% TO ROUND 3.4 MILLION TON IN 1Q 2009 - COAL IMPORTERS ASSOCIATION, HAMBURG
COALspot.com (Germany):
World Coal Market
According to analysis of VEREIN DER KOHLENIMPORTEURE E.V. , On a quantity basis the s ...
Wednesday, 08 July 09
HUADIAN POWER BUYS INTO COAL MINERS
Huadian Power International Corporation - China's largest independent power producerCannounced Tuesday in a filing to the Shanghai Stock Exchange ...
Tuesday, 07 July 09
RICHARDS BAY TERMINAL COAL EXPORTS ROSE 7.2% IN JUNE
Richards Bay Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments rose 7.2 percent in June from a year earlier.
Export ...
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- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- Mercuria Energy - Indonesia
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Parliament of New Zealand
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
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