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Tuesday, 06 October 09
ASIA COAL-PRICE REBOUND TOWARDS $71 ON TENDER ACTIVITY
 Reuters reported that, Prices of power-station coal in Australia, a benchmark for Asia, rose 4 percent in the latest week to near $71 a tonne, bolstered by renewed demand as several South Korean utilities launched tenders to seek more supplies.
Expectations of increased demand over the coming winter months also helped to lift prices, which were trading near a 3-½ month low.
Thermal coal prices on the globalCOAL Newcastle weekly index, a benchmark for Asia, rose $2.68 from a week ago to $70.75 a tonne on Tuesday, based on FOB prices at Australia's Newcastle port.
"Some of the utilities in Korea and Taiwan are hoping to pick the market bottom and have taken advantage of the recent low prices to launch spot and term tenders. That has breathed some life into the market," said an Australian coal producer.
While most of the tenders launched by the South Korean utilities are term tenders for delivery starting from 2010, they are also still seeking about 3 million tonnes of coal for delivery starting from November 2009.
"Generally, the view is that supplies could be quite tight in the fourth quarter since there's limited uncontracted tonnage out of Australia," said the producer.
After an increase in enquiries in late September, traders said China's interest in Australian thermal coal has faded following the recent increase in freight rates and coal prices.
However China's demand for Indonesian coal imports remain firm.
"Indonesia is still China's favourite overseas supplier. Demand from China is still very healthy and that is continuing to help absorb the excess supplies in the market," said a Singapore-based trader.
After having posted its sharpest increase in the year in late September, steam coal prices have remained in an uptrend at China's Qinhuangdao port, the country's largest coal trans-shipment port.
Steam coal prices in China rose for the third straight week, with top grade coal with a heating value of 5,800 kcal/kg (NAR) hovering at between 603 and 635 yuan per tonne.
The increase in Chinese domestic coal prices, which is largely due to the shutdown of small and unsafe mines, has encouraged more Chinese traders and utilities in the south to seek supplies from overseas.
In South Africa, thermal coal prices have also increased for the second week to $62.75 a tonne on the back of Indian buying, while improving demand from Europe is also expected to buoy prices in the coming months.
After briefly touching $80 in July, thermal coal prices in Asia have since fallen to languish at around $66-$68 a tonne over September, as unexpectedly strong production from Indonesia met seasonally low demand.
Source: Reuters
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Thursday, 08 October 09
COAL INDIA SAYS IMPORTS COULD JUMP 10 TIMES IN 3 YRS
Reuters reported that, Coal imports by state explorer Coal India Ltd could jump 10 times to 40-45 million tonnes in three years to meet a sharp rise ...
Thursday, 08 October 09
MINING TO ATTRACT $6B: BKPM
The Jakarta Post reported that, Indonesia’s mining sector could expect investment of up to US$6 billion in the 2010-2012 period, in part becau ...
Thursday, 08 October 09
INDIA DEMAND TO HELP DIRE COAL OUTLOOK - MACQUARIE
Reuters reported that, Macquarie Securities said on Wednesday its bearish short-term outlook on thermal coal may begin improving in a year's time o ...
Thursday, 08 October 09
ESSAR UNIT WINS INR 479 CR (US$ 103,272,401) ORISSA PROJECT
The firm will develop and operate the terminal at Paradip port; the contract will stretch up to 30 years
Live Mint reported that, Essar Shipping ...
Wednesday, 07 October 09
ESSAR, JINDAL IN TAKEOVER TUSSLE FOR AUSTRALIAN COAL MINER
Reuters reported that, Privately owned Essar Group has launched a surprise A$144.2 million ($128.1 million) bid for Australian coal minnow Rocklands ...
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- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Australian Coal Association
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Planning Commission, India
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
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