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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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- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- The University of Queensland
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Parliament of New Zealand
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- PTC India Limited - India
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
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