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Tuesday, 08 September 09
SOUTH AFRICAN COAL FALLS MOST IN 11 WEEKS ON EXCESSIVE PRICES
 Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, slid the most in 11 weeks on speculation global prices were too high.
Export prices at the port fell $2.90, or 4.5 percent, to an average of $61.15 a metric ton in the four days to Sept. 4, according to McCloskey Group Ltd. That was the biggest weekly slide since the week ended June 19 and the lowest price in two months. No prices were collected on Aug. 31, a national holiday in the U.K. Delivered prices to northwest Europe dropped 6.3 percent, McCloskey data show.
“People would argue that prices were too high, considering where demand was against supply,” John Howland, an analyst at Petersfield, England-based McCloskey, said today by telephone. Markets around the world have “softened,” he said.
Demand for coal weakened as the worsening world economy spurred companies to cut output, reducing the need for power. The 16-nation euro-zone economy contracted in each of the three quarters through June from a year earlier. The 27-country European Union, which burns coal for about 30 percent of its energy, usually gets more of the fuel from South Africa than any other source. U.K. generators’ coal stockpiles rose to a second straight monthly record in June, government statistics show.
Indian Customers
Richards Bay exported 5.59 million tons of coal in August, 5.9 percent more than a year earlier, the terminal said in an e- mailed response to questions on Sept. 3. Indian customers have bolstered demand. The country faces a coal shortage while planning to almost double power-generation capacity in the five years to March 2012.
At its current shipment rate, Richards Bay will export 58.5 million tons of coal in 2009, compared with capacity of 76 million tons and shipments of 61.79 million tons last year. The terminal, on South Africa’s northeastern coast, is owned by the country’s largest coal exporters, including Anglo American Plc, BHP Billiton Ltd. and Xstrata Plc.
South Africa may export less than 65 million tons of coal this year, Dirk Fourie, Wood Mackenzie’s vice president of consulting for Africa, told the Coaltrans conference in Johannesburg today. National exports may rise to 100 million tons a year by 2020, Xavier Prevost, an independent coal analyst at XMP Consulting, said today in a speech in Johannesburg.
Indonesia, the biggest exporter of power coal in 2007, may produce 240 million tons this year, and output may increase by 20 million to 30 million tons annually, Purnomo Yusgiantoro, the country’s energy and mineral resources minister, told reporters in New Delhi today. About 60 percent of Indonesia’s coal production may be exported, the minister said.
Power station coal prices at the Australian port of Newcastle, a benchmark for Asia, fell 5.8 percent to $66.30 a ton in the week to Sept. 4, according to the globalCOAL NEWC Index. While Richards Bay is the world’s biggest coal-export terminal, Newcastle ships more of the fuel from two terminals.
Source: Bloomberg
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Friday, 11 September 09
L&T EYES AUSSIE COAL MINE
Commodity Online reported that, Larsen and Toubro is in talks to buy a thermal coal mine in Australia for about $300 million. Thermal coal is used f ...
Wednesday, 09 September 09
CHINESE INTEREST IN AUSTRALIA COAL TICKS UP AS PRICES FALL
After a lull of about two months, Australian thermal coal producers are now seeing renewed interest from Chinese buyers for spot cargoes in the four ...
Wednesday, 09 September 09
SALES FORECAST UP ON BETTER DISTRIBUTION
The Jakarta Post reported that, State coal producer PT Tambang Batubara Bukit Asam (PT BA) expects coal sales to rise by 11 percent next year as it ...
Wednesday, 09 September 09
NTPC HIRES MACQUARIE TO ADVISE INDONESIA COAL MINE PURCHASE
Bloomberg reported that, NTPC Ltd., Asia’s biggest power utility by value, has hired Macquarie Group Ltd. to evaluate a proposed coal mine pur ...
Tuesday, 08 September 09
INDIA MAY HAVE A JOINT WORKING GROUP FOR COAL WITH INDONESIA: SRIPRAKASH JAISWAL - PRESS RELEASE
Press Information Bureau of India reported in its web site that, The Coal Ministry has, in principle, agreed to set up a Joint Working Group for coa ...
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- Goldman Sachs - Singapore
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- India Bulls Power Limited - India
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- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
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- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
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- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
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- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
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- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
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- VISA Power Limited - India
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
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- Jorong Barutama Greston.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
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- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- The University of Queensland
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
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- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Planning Commission, India
- Minerals Council of Australia
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
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