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Monday, 17 August 09
S.KOREA JULY COAL IMPORTS UP TO 8.97 MLN T
* Imports of heating coal in July up 3.7 percent on year
* LNG imports in July fall for seventh straight month
Alibaba reorted that, South Korea's imports of heating coal in July rose 3.7 percent from a year earlier, customs data showed on Monday.
South Korea imported 8.97 million tonnes of coal in July, up from 8.65 million tonnes a year earlier, the Korea Customs Service said.
However, the country imported a total of 50.34 million tonnes in the first seven months of this year, down 5 percent from the same period last year, the data showed.
While the country's coal imports for July rose from a year earlier, imports of liquefied natural gas (LNG) in July fell for the seventh consecutive month from a year ago due to high stocks and low demand from local utilities, customs data also showed on Monday.
LNG accounts for about 15 percent of power generation in South Korea.
South Korea paid an average of $89.38 per tonne for coal in July, up from $82.64 a month earlier but much lower than $121.54 a year earlier.
Australia shipped the largest volume of coal at 3.83 million tonnes versus 3.44 million tonnes a year ago. Indonesia ranked second, shipping 2.91 million tonnes against 2.61 million tonnes a year ago.
In monetary terms, Australia was also the top exporter of coal, shipping $369.82 million in July, and Indonesia was at $195.81 million.
Source: Alibaba
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Wednesday, 19 August 09
STEAM COAL PRICES ARE SINKING - THE GERMAN COAL IMPORTERS ASSOCIATION
COALspot.com (German): Oversupply in the World Market. In 2Q 2009 the steam coal prices sank massive in comparison to the previous years quart ...
Wednesday, 19 August 09
MMTC SCRAPS CONTROVERSIAL COAL TENDER
Most of NTPC’s coal-based projects don’t have sufficient stock of coal
State-owned trading firm MMTC Ltd has scrapped its controversi ...
Wednesday, 19 August 09
THE 3RD ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2009 WILL BE HELD IN CHINA IN SEPTEMBER 2009
COALspot.com (China): Due to the inversion of domestic and overseas coal price in China, China coal import increased dramatically and continuously. ...
Wednesday, 19 August 09
COAL INDIA PLANS SUBSIDIARY IN MOZAMBIQUE
Business Standard reported that, Coal India Ltd (CIL), which was awarded two exploratory coal blocks in Mozambique in March this year, has decided t ...
Tuesday, 18 August 09
INDIA PLANS 'SIMPLER' MINING LAW TO BOOST INVESTMENT
Bloomberg reported that, India aims to cut permit delays and attract overseas capital through “simpler” resource investment laws to help ...
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- Metalloyd Limited - United Kingdom
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- Jorong Barutama Greston.PT - Indonesia
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- Energy Link Ltd, New Zealand
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- Directorate General of MIneral and Coal - Indonesia
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- PTC India Limited - India
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