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Friday, 07 August 09
COAL-PRICE FORECAST RAISED AT MERRILL ON CHINA, INDIA DEMAND
Bloomberg reported that, Bank of America Corp.’s Merrill Lynch & Co. unit increased its price forecast for Asian power-station coal because of higher demand from India and China, the second-largest energy-consuming nation.
Merrill raised its projection for the benchmark coal burned by Japanese utilities in the year ending March 31, 2011, to $85 a metric ton from $80, analysts wrote in a note to clients dated yesterday. Goldman Sachs JBWere Pty. last month increased its forecast to $80 from $75 for the same period.
“Surprise strong buying by utilities in India and China” is driving thermal coal demand, Merrill analysts led by Sydney- based Stuart Howe said in the note. Prices at Australia’s Newcastle port, an Asian benchmark, have climbed 27 percent since the end of March and were at $76.58 a ton in the week ended July 31, according to the globalCOAL NEWC Index.
Power-station coal prices at Newcastle are rising on expectations that China will import more of the fuel, emerging demand growth in India, and improved economic conditions as credit markets recover, Merrill said.
Australian and Indonesian coal output have the biggest influence over the trade supply outlook, Merrill said. Rising production costs, declining exploration and development success, and rain in Indonesia suggest “supply growth is now limited,” Merrill said.
Source: Bloomberg
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Saturday, 05 September 09
SHANXI AIMS TO MAINTAIN 2009 COAL OUTPUT AT LAST YEAR'S LEVEL
Interfax-China reported that, Shanxi Province, the country's second-largest coal producing region, is aiming to keep its annual coal output a ...
Saturday, 05 September 09
INDIA BUYING INTO AUSTRALIA'S COAL - INTERVIEW
India is in line to buy vast amounts of Australian coal. An Indian cabinet minister is on a special mission to Australia to help satisfy India's ur ...
Saturday, 05 September 09
52 COMPANIES SUBMIT EOIS TO COAL INDIA
The Hindu, India's largest English news paper reported that, International mining majors from the U.S., South Africa, Australia and Indonesia are a ...
Friday, 04 September 09
INDONESIA PAITON ENERGY BUYS COAL FROM ADARO, KIDECO
PT Paiton Energy, an Indonesian independent power producer, has agreed to buy 3 million tonnes of coal from PT Adaro Energy Tbk (ADRO.JK) and PT Kid ...
Thursday, 03 September 09
ICVL IN TALKS FOR COAL BLOCKS IN INDONESIA
These acquisitions will help ICVL meet an internal target of importing at least 5 million tonnes (mt) of coking coal by 2012-13
LiveMint reported ...
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- White Energy Company Limited
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- ASAPP Information Group - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
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