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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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Tuesday, 08 September 09
INDONESIA OFFERS AN OPPORTUNITY TO INDIANS
Meri News reported that, Indonesia is all set to launch the country's second 10,000 MW accelerated power expansion programme. The new power develop ...
Tuesday, 08 September 09
BUKIT ASAM AIMS 14 MLN TONS COAL PRODUCTION
VIVA News reported that, The rise in coal production is mainly triggered by the step-up in domestic demand.
Coal mining company PT Tambang Batuba ...
Tuesday, 08 September 09
MERCHANT BANKERS ADVISE CIL ON INDONESIAN MINE BUYS
Business Standard reported that, State-owned Coal India Ltd (CIL) is being advised by four to five merchant bankers on acquisition of coal assets in ...
Tuesday, 08 September 09
THE 3RD ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2009 - PRESS RELEASE
The 3rd Asia Pacific Coal Trading & Investment Outlook 2009
Analysis of Asia Coal Market amid Global Financial Crisis
COALspot.com(Chin ...
Tuesday, 08 September 09
SOUTH AFRICAN COAL EXPORTS MAY RISE ON SALES TO INDIA
Bloomberg reported that, South African coal exports may rise to 100 million metric tons a year by 2020 and India may become the biggest destination ...
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- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Australian Coal Association
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- PTC India Limited - India
- Aditya Birla Group - India
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
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