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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, 26 June 09
BAYAN TARGETS GROSS PROFIT TO RISE BY 86.2 PERCENT
Local coal producer publicly listed PT Bayan Resources is targeting this year's gross profit to rise by 86.2 percent on the back of higher sales vo ...
Thursday, 25 June 09
INDIA'S ULTRATECH BUYS 500,000T S.AFRICA COAL
Indian cement maker Ultratech has bought 10 handymax cargoes of South African coal at $73.00-$74.00 a tonne CIF for July-September delivery, Indian ...
Wednesday, 24 June 09
NTPC BURNS MORE COAL TO PRODUCE ELECTRICITY
A tonne of coal is the same as another tonne of coal, you might think.
But power major NTPC Ltd is finding that this year’s coal is not yie ...
Wednesday, 24 June 09
NTPC, COAL INDIA TO BUY MINING ASSETS OVERSEAS
State-owned utility National Thermal Power Corporation (NTPC) and the largest coal producer Coal India are in advanced stages of acquiring mining as ...
Tuesday, 23 June 09
NEWCASTLE WEEKLY COAL EXPORTS DECREASE 15%; SHIP QUEUE RISES
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 15 percent last week while the numb ...
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- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- The University of Queensland
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Planning Commission, India
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- Central Electricity Authority - India
- VISA Power Limited - India
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
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