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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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Monday, 24 August 09
10,000 MW TO BE GENERATED THROUGH THAR COAL RESERVES BY 2020
Four projects of 2450 MW approved; govt to invest Rs80bn in five years on infrastructure
The News Pakistan reported that, The Thar Coal a ...
Monday, 24 August 09
10 LAKH (1 MILLION) TONNE COAL BURNT IN KPT
Times of India reported that, In an unusual phenomenon, 10 lakh tonne coal cache stored at a plot in Kandla Port Trust was reduced to ashes after it ...
Monday, 24 August 09
LANCO IN TALKS FOR INDONESIAN COAL MINE
Economic Times of India reported that, Infrastructure company Lanco Infratech is in advanced talks with Indonesian engineering, procurement and cons ...
Saturday, 22 August 09
'THE BDI IS LIKELY TO BE HOLDING AROUND 2,500 POINTS' - SHIPPING UPDATE
COALspot.com (Singapore): The dry bulk market continued to be soft and the BDI dropped by 10 percent this week and closed at 24,68 points this week. ...
Saturday, 22 August 09
INDIAN COAL BUYERS RE-EMERGE WITH FRESH TENDERS
Reuters world's largest international multimedia news agency reported that,Indian coal end-users have re-emerged after a few weeks with several fre ...
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- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- The University of Queensland
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Planning Commission, India
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- PTC India Limited - India
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
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