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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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Tuesday, 25 August 09
INDIAN FIRM TO INVEST $44 MN IN INDONESIA
Economic Times - India Times reported that, BEML Limited, India-based second largest heavy equipment producer in Asia, will invest $44 million in In ...
Tuesday, 25 August 09
BHARAT LOOKS TO BULLDOZE RIVALS WITH LOWER PRICES
The Jakarta Globe reported that, The country’s two established heavy equipment suppliers now have a competitor in the form of Indian firm Bhar ...
Tuesday, 25 August 09
PIKE RIVER DELAYS COAL EXPORTS FROM NEW ZEALAND MINE
South African mining Weekly reported that, The first 60,000-t export shipment from ASX-listed Pike River Coal’s new mine has been delayed unti ...
Monday, 24 August 09
INDONESIAN GOVT ASKED TO CONTROL COAL TRADERS, BROKERS
The Jakarta Post, the leading English news paper in Indoneisa reported that, Businesses are urging the government to bring all coal traders and brok ...
Monday, 24 August 09
10,000 MW TO BE GENERATED THROUGH THAR COAL RESERVES BY 2020
Four projects of 2450 MW approved; govt to invest Rs80bn in five years on infrastructure
The News Pakistan reported that, The Thar Coal a ...
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- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
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- Romanian Commodities Exchange
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- New Zealand Coal & Carbon
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- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
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- Karbindo Abesyapradhi - Indoneisa
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- Economic Council, Georgia
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- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
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- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
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- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
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- Star Paper Mills Limited - India
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
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- Indonesian Coal Mining Association
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- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
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- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
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- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
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- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Australian Coal Association
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- Cement Manufacturers Association - India
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- Eastern Coal Council - USA
- Ministry of Transport, Egypt
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- International Coal Ventures Pvt Ltd - India
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- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- White Energy Company Limited
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
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- Parliament of New Zealand
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- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
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- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
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