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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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Friday, 14 August 09
GUACOLDA STARTS THIRD COAL-FIRED UNIT
Macorship reported that, Chile’s Empresa Electrica Guacolda said that the third unit at its Guacolda coal-fired power plant began supplying po ...
Thursday, 13 August 09
RIO PREPARES COAL IPO AFTER FAILING TO FIND BUYER
Bloomberg reported that, Rio Tinto Group, the world’s third- largest mining company, is preparing an initial public offering for its U.S. ...
Thursday, 13 August 09
NOBLE'S PROFIT DOUBLES ON GLOUCESTER COAL ACQUISITION
Bloomberg reported that, Noble Group Ltd., a Hong Kong-based supplier of raw materials from soybeans to coal, said second- quarter profit more than ...
Thursday, 13 August 09
CHINA COAL-PRICES UNCHANGED, BUT LIKELY TO MOVE HIGHER
Alibaba reported that, Spot coal prices in China's top coal port Qinhuangdao were unchanged from a week earlier, but are still looking bullish in t ...
Thursday, 13 August 09
INDONESIA'S BERAU COAL SEES 2010 OUTPUT UP 16 PCT
Reuters reported that, Indonesia's fifth-largest coal miner, PT Berau Coal, expects 2010 production to be nearly 16 percent higher than this year, ...
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- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- Savvy Resources Ltd - HongKong
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- PTC India Limited - India
- The University of Queensland
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Aditya Birla Group - India
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Australian Coal Association
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
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