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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 $76.58 a ton in the week ended July 31, according to the globalCOAL NEWC Index.
Power-station coal prices at Newcastle are rising on expectations that China will import more of the fuel, emerging demand growth in India, and improved economic conditions as credit markets recover, Merrill said.
Australian and Indonesian coal output have the biggest influence over the trade supply outlook, Merrill said. Rising production costs, declining exploration and development success, and rain in Indonesia suggest “supply growth is now limited,” Merrill said.
Source: Bloomberg
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Sunday, 09 August 09
TNEB ENNORE PORT CALLS TO TRIPLE COAL OUTPUT
World Shipping News reported that, the Tamil Nadu Electricity Board (TNEB) has asked Ennore Port Ltd (EPL) to increase the port’s installed ca ...
Saturday, 08 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market tumbled this week and the BDI dropped by almost 17% and closed at 2,772 points.
The cape and panam ...
Saturday, 08 August 09
SULTAN MINING SIGNS P8-BILLION, 10-YEAR COAL-SUPPLY CONTRACT WITH KEPCO POWER CORP.
COAL developer Sultan Mining and Energy Development Corp. (SMEDC) reported on Thursday that its subsidiary MG Mining and Energy Corp. signed an P8-b ...
Friday, 07 August 09
NEED TO HIKE DOMESTIC PRICES - COAL INDIA
WSJ reported that, The chairman of Coal India Ltd., the country's biggest coal producer, Friday said there was a need to hike domestic coal prices ...
Friday, 07 August 09
INDONESIA COAL NEWS UPDATES
PTBA to Produce 13 Million Tons
President Director of Tambang Batubara Bukit Asam (PTBA), Sukrisno has estimated coal production of the company th ...
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- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- Marubeni Corporation - India
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- Australian Coal Association
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
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