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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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Tuesday, 07 July 09
ECONOMIC SURVEY 2008-09 OPEN UP COAL TO FUEL POWER PLANTS
TOI reported that the coal ministry's efforts at opening doors for full private entry through open bidding in coal mining got a boost, with the Eco ...
Tuesday, 07 July 09
POWER - STATION COAL MAY RISE ON CHINA DEMAND, SUPPLIES, UBS SAYS
Power-station coal prices in Asia may increase in 2010 because of higher demand from China, the second-largest energy-consuming nation, and supply c ...
Saturday, 04 July 09
FREIGHT FUTURE FOR 3 YEARS UNTIL 2012 WAS FAIRLY SOFT AROUND PANAMAX / US$ 16,000, SUPRAMAX / US$ 13,000 PER DAY
COALspot.com (Singapore): According to Vistaar shipping, an experinced ship operator in Singapore, the freight market was soft with bit nervousness ...
Saturday, 04 July 09
CHINA BUYS 17% OF MINER TECK RESOURCES FOR $1.5 BILLION
* To sell 17.2 percent stake to China Investment Corp
* To raise proceeds of C$1.74 bln
* Shares rise 3.2 percent (Adds details. In U.S. dol ...
Saturday, 04 July 09
MINING CONTRACT SOUGHT FOR COAL AREA IN MASBATE
Because of its coal deposits, a town in Masbate is one of the sites in the country being sought out for exploration and development by mining compan ...
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- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- PTC India Limited - India
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- ASAPP Information Group - India
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
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