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Friday, 18 September 09
COKING COAL SUPPLY TO FALL 3 MILLION TONS IN CHINA ON SHUTDOWN
 Bloomberg reported that, Coking coal supply in China, the largest consumer, may fall by 3 million metric tons a month after a mine accident this month prompted the government to close unregulated pits, Everbright Securities Co. said.
The supply cut, equal to 5 percent of the country’s monthly consumption, may raise Chinese prices by 8.2 percent, or 100 yuan a ton, analyst Jiang Jianjun said by phone from Shanghai. Coking coal is used to make steel.
The Sept. 8 gas explosion at the Pingdingshan coal mine forced the Chinese government to halt production at all the city’s 157 mines, cutting coal output in the Henan province by as much as 17 percent, the official Xinhua News Agency said then. The closure may benefit larger listed coal producers, Jiang said.
“Mine closures in Pingdingshan may last two months and also spur a nationwide campaign to shut small pits,” he said. The city may reduce coking coal supply by 700,000 tons a month, he said.
Shanxi Xishan Coal & Electricity Power Co., the nation’s biggest listed coking coal producer, fell 1.2 percent to 35.24 yuan at 2 p.m. in Shanghai trading. The stock has gained 15 percent since the explosion. Pingdingshan Tianan Coal Mining Co., up 7.3 percent since the accident, dropped 2.3 percent.
China, the world’s largest steelmaker, would be demanding more high quality hard coking coal in the future as it expands mills, BHP Billiton Ltd. said today in a slide presentation. The Asian nation this year “emerged” to fill a demand gap for coking coal, the world’s largest mining company said.
Higher Prices
The mine accident killed at least 54 people. Coal mines killed 3,770 workers in China in 2007, making them the world’s deadliest. China produced 705.1 million tons of coking coal last year, according to Beijing Antaike Information Development Co.
Small mines contribute to a “big portion” of China’s coking coal production, Everbright’s Jiang said. In Shanxi, the nation’s biggest coal-making province, medium-to-small mines account for 60 percent of the output, he said.
China boosted steel production 22 percent to a record 52.3 million tons in August, the fourth straight monthly gain, as the government’s $586 billion stimulus spending spurred domestic demand from automakers and builders.
Coking coal prices have risen 6.1 percent since May to 1,220 yuan a ton in Pingdingshan, according to industry researcher Steelhome.
Prices of imports bought by Jiangsu Shagang Group Co., China’s fifth-largest steelmaker, were 1,500 yuan a ton in August, Jiang said, without giving comparisons. The imported coal is of better quality than the average output from Pingdingshan, he said.
Source: Bloomberg
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Friday, 18 September 09
AUSTRALIA NEWCASTLE COAL PORT: SEEKS INTERIM QUOTA SYSTEM
Reuters reported that, Australia's Newcastle coal terminal wants to re-introduce an interim export quota system after a group of miners led by BHP ...
Friday, 18 September 09
STANCHART TO ADVISE BAYAN ON INDONESIA COAL FINANCING
Indonesian coal miner PT Bayan Resources Tbk said on Wednesday it has appointed Standard Chartered Bank as a financial adviser for raising at least ...
Thursday, 17 September 09
FOUR LEFT IN INDIA'S MMTC COAL IMPORT TENDER-SOURCE
Reuters reported that, India's MMTC Ltd has accepted four out of five submissions for an import tender for 12.5 million tonnes of coal, with a bid ...
Thursday, 17 September 09
INDIA SEEKS COAL
IBT commodities reported that, India is on a coal buying spree. The big Asian nation is scrambling to cover an expected shortfall in domestic supply ...
Wednesday, 16 September 09
S. LANKA, INDIA'S NTPC TO SIGN $500 MLN COAL DEAL
Reuters reported that, Sri Lanka is to sign a commercial agreement with India's National Thermal Power Corporation (NTPC.BO) to build a $500 millio ...
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- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
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