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Tuesday, 22 September 09
AUSTRALIA SEES HIGHER ASIAN THERMAL COAL IMPORTS
* Asia '09 imports to rise 3.5%, vs pvs f'cast of 3.3% fall
* Asia 2010 thermal coal imports expected to rise 6.3 pct
* China to become net importer of thermal coal in 2009
Reuters reported that, Strong demand for thermal coal in China and India will help Asia avoid the first fall in imports for a decade this year, and push import growth even higher in 2010, an Australian government forecast showed on Tuesday.
In an updated quarterly forecast, the Australian Bureau for Agriculture and Resource Economics (ABARE) said demand for imported coal in Asia would rise by 13.6 milion tonnes, or 3.5 percent, to 401.6 million tonnes in 2009.
This compares with its previous forecast in June for a 3.3 percent fall, which would have been the first decline in at least 10 years.
ABARE, the research body for the world's number two thermal coal exporter, also said Asia's steam coal imports in 2010 would increase by 25.4 million tonnes, or 6.3 percent, to 427 million tonnes, up from its previous estimate of 5.3 percent growth.
Thanks to improved regional demand and new port capacity, ABARE has significantly upgraded Australia's thermal coal exports, estimating it to increase 2.6 percent from a year ago to 140 million tonnes in 2009/10. It had expected Australian exports to fall 6 percent to 122.5 million tonnes in 2009/10 in its June report.
"Over the course of 2009, thermal coal demand in the Atlantic market has been weak, while demand in the Asian market has remained relatively strong, underpinned by increasing imports into China," ABARE said in the report.
Imports from China, the world's largest coal producer and consumer, are expected to jump about 70 percent from a year ago to reach 60 million tonnes in 2009 -- making it a net importer this year by 35 million tonnes, ABARE said. Previously ABARE had said that China, now the world's No. 6 steam coal exporter, would only become a net importer in 2010.
Indian imports are seen rising 24 percent from a year ago to 42 million tonnes in 2009 and reaching 50 million tonnes in 2010, underpinned by the government's plan to double coal-fired electricity generation capacity by 2017.
ABARE also revised up its thermal coal import forecasts by Japan, the world's largest steam coal buyer, estimating a 10 percent fall in 2009 to 115 million tonnes, compared with its June forecast of a 14 percent decline. Japan's thermal coal imports are expected to see little growth in 2010 due to a subdued economic environment and possible higher use of nuclear power, the agency said.
In South Korea, ABARE said growth in the country's steam coal imports is seen slowing in 2010, after a forecast 7 percent increase to 81 million tonnes this year on the back of new coal-fired power plants coming onstream.
"The program to expand coal-fired generation capacity was largely completed in the first half of 2009 and limited new capacity is scheduled to be completed in the near future," it said.
Source: Reuters
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Monday, 14 September 09
BOOM FORECAST FOR COAL OUTPUT
SMH.com reported that, A COAL investment boom is driving Australian production to new peaks even as our biggest export markets shift towards cleaner ...
Sunday, 13 September 09
COAL INDIA MAY ACQUIRE ASSETS OF RIO TINTO
Coal India’s plan to acquire overseas mining assets is gathering steam. After a breakthrough in Mozambique, the coal behemoth has received&nbs ...
Saturday, 12 September 09
THE INDIA / FAR EAST SEEMS WILL CONTINUE TO BE SOFT UNTIL THE IRON ORE MOVEMENTS PICKS UP - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market continued to be stable at almost as same levels as last week and the BDI was at 2,468 points.
...
Saturday, 12 September 09
GOVT REQUESTS MORE TIME TO ACQUIRE 21% SHARES IN NNT
The Jakarta Post reported that, the government plans to request a postponement for the acquisition of 21 percent shares in PT Newmont Nusa Tenggara ...
Saturday, 12 September 09
INDONESIAN CO KEEN ON TRADING COAL FOR EQUITY IN POWER PROJECTS
Though most large power project promoters have their own mines in Indonesia, MEC is confident of convincing Indian companies as its price is quite a ...
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- Minerals Council of Australia
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- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
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- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
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- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
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- Central Electricity Authority - India
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- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
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- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
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- Mjunction Services Limited - India
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- Larsen & Toubro Limited - India
- Posco Energy - South Korea
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- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Planning Commission, India
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- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
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- Star Paper Mills Limited - India
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- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
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- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
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- CNBM International Corporation - China
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
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- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
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- Karbindo Abesyapradhi - Indoneisa
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- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
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- Latin American Coal - Colombia
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- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
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- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
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- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
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- Kobexindo Tractors - Indoneisa
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- Sakthi Sugars Limited - India
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- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Parliament of New Zealand
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- Romanian Commodities Exchange
- Ministry of Transport, Egypt
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- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
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- Sojitz Corporation - Japan
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- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- Economic Council, Georgia
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- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
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- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
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