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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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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 ...
Tuesday, 18 August 09
BANPU TO FOCUS ON CORE BUSINESS
Banpu, the country's leading energy firm, expects to conclude its four-year strategic plan next month, resulting in a strengthening of its core bus ...
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- IHS Mccloskey Coal Group - USA
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- Ministry of Transport, Egypt
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- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
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- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
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- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
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- Parry Sugars Refinery, India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
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- Parliament of New Zealand
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
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- Indonesian Coal Mining Association
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- Medco Energi Mining Internasional
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- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
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- Riau Bara Harum - Indonesia
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- Wood Mackenzie - Singapore
- The University of Queensland
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
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- Borneo Indobara - Indonesia
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
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- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
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- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
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- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
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- LBH Netherlands Bv - Netherlands
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- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Minerals Council of Australia
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
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- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Economic Council, Georgia
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