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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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Wednesday, 19 August 09
STEAM COAL PRICES ARE SINKING - THE GERMAN COAL IMPORTERS ASSOCIATION
COALspot.com (German): Oversupply in the World Market. In 2Q 2009 the steam coal prices sank massive in comparison to the previous years quart ...
Wednesday, 19 August 09
MMTC SCRAPS CONTROVERSIAL COAL TENDER
Most of NTPC’s coal-based projects don’t have sufficient stock of coal
State-owned trading firm MMTC Ltd has scrapped its controversi ...
Wednesday, 19 August 09
THE 3RD ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2009 WILL BE HELD IN CHINA IN SEPTEMBER 2009
COALspot.com (China): Due to the inversion of domestic and overseas coal price in China, China coal import increased dramatically and continuously. ...
Wednesday, 19 August 09
COAL INDIA PLANS SUBSIDIARY IN MOZAMBIQUE
Business Standard reported that, Coal India Ltd (CIL), which was awarded two exploratory coal blocks in Mozambique in March this year, has decided t ...
Tuesday, 18 August 09
INDIA PLANS 'SIMPLER' MINING LAW TO BOOST INVESTMENT
Bloomberg reported that, India aims to cut permit delays and attract overseas capital through “simpler” resource investment laws to help ...
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- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- The University of Queensland
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- PTC India Limited - India
- VISA Power Limited - India
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Australian Coal Association
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
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