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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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Saturday, 25 July 09
HUANENG EYES MAJORITY STAKE IN PT BERAU COAL
CCTV reported that, China's largest publicly traded power company has submitted a bid for controlling stake in Indonesia's fifth largest coal mine ...
Saturday, 25 July 09
ADANI POWER TO IMPORT COAL FOR MUNDRA PLANT
BL reported that more than 50% of the coal requirement for Adani Power’s 4,620 MW Mundra plant will have to be imported from Indonesia though ...
Friday, 24 July 09
INDONESIAN COAL NEWS - UPDATE
Income from tax slow
Since the economic crisis in October 2008 until now, tax from the general mining sector is slow. According to the Director Gene ...
Friday, 24 July 09
S.AFRICA JAN-JUNE EXPORTS TO ASIA AROUND 1.4 MLN T
* China takes 140-150,000 tonnes
* S.Korea imports zero
* Hong Kong utilites buy S.African coal
South African coal exports to Asia excluding India a ...
Friday, 24 July 09
BIG ADARO SHAREHOLDERS CREATE HOLDING COMPANY
The nation’s second-largest coal producer, PT Adaro Energy, said on Thursday that five key shareholders had merged their holdings in the compan ...
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- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
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- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
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- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
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- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
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- White Energy Company Limited
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- Coal and Oil Company - UAE
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- Anglo American - United Kingdom
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- Bhatia International Limited - India
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- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
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- The State Trading Corporation of India Ltd
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- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- MS Steel International - UAE
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- The University of Queensland
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- Electricity Authority, New Zealand
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- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
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- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
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- Therma Luzon, Inc, Philippines
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- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
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- Jorong Barutama Greston.PT - Indonesia
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- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
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- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
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- Petrochimia International Co. Ltd.- Taiwan
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- Altura Mining Limited, Indonesia
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- The Treasury - Australian Government
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- Cigading International Bulk Terminal - Indonesia
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- Electricity Generating Authority of Thailand
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- IHS Mccloskey Coal Group - USA
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- Global Green Power PLC Corporation, Philippines
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- Romanian Commodities Exchange
- Thiess Contractors Indonesia
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- Parliament of New Zealand
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- Indonesian Coal Mining Association
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- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
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- Eastern Coal Council - USA
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