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Saturday, 10 October 09
PT BUMI RESOURCES TO EXPECT 2010 ELECTRIC AND COAL PRICE UP TO US$ 100/T
Indonesia coal producer, PT Bumi Resources recently stated that the revival of the global economy pushes up the demand from power plants and steel manufacturers, the electric and coal price in 2010 may rise by over 40%.
Dileep Srivastava, senior deputy chief executive officer of PT Bumi Resources investors' relationship noted that due to the recovering Asian economy and increasing investment in coal industry, Japan power plants may raise the steam coal price in the fourth quarter of 2010 to around US$100 per ton.
Dileep Srivastava expressed on October 9 in Singapore that the coal demand from China, India and Indonesia will maintain the price higher, however, the demand from the developed countries will continue stay normal.
PT Bumi Resources estimated that the average price of coal mines excluding the freight and other charges is US$61-62 per ton, while the price in 2008 was US$73.30 per ton.
Srivatsava said that the recovering steel demand may tie down the heat energy coal supply and boost the price.
According to the report on October 6, because the global crude steel production in 2010 will climb by 12% to 1.4bln tons setting a record, the hard coking coal price may soar to US$180 per ton from the previous expectation's US$155 per ton.
Srivastava added that PT Bumi Resources plans to increase the coal exports to China and India in 2012 and its production will hike to 100mln tons from last year's 53mln tons, 20% of output to be exported to China and India.
Source: Alibaba
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Monday, 19 October 09
CEMENT UNLIKELY TO COST MORE DESPITE COAL PRICE HIKE
Business-Standard reported that, Cement manufacturers will not immediately hike prices of the construction material, despite a surge in their input ...
Saturday, 17 October 09
US COAL MINERS LOOKING AT LOWER PROFITS
Most US coal miners are looking at sharply lower third-quarter earnings, but those that produce coal for steelmaking and export should enjoy higher ...
Friday, 16 October 09
INDONESIA EXPORTED 19,194,857 MT OF COAL IN SEPTEMBER 2009 - SOURCES
COALspot.com (Indonesia): Indonesia exported 19,194,857 MT of coal in September 2009. Out of total exported quantity, South Korea imported abou ...
Friday, 16 October 09
NAVIGATING THROUGH STORMY WATERS
To Theodore E Veniamis, the President of the Union of Greek Shipowners, the current turmoil in world shipping is due to the cyclical nature of marit ...
Friday, 16 October 09
COAL INDIA RAISES PRICE BY 11%
Trak reported that, State-owned Coal India Ltd (CIL) has raised the price of coal produced by its subsidiaries by an average of 11 percent effective ...
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- VISA Power Limited - India
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- Australian Commodity Traders Exchange
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- Wilmar Investment Holdings
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- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
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- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
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- Goldman Sachs - Singapore
- Minerals Council of Australia
- Eastern Energy - Thailand
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- Karbindo Abesyapradhi - Indoneisa
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- Simpson Spence & Young - Indonesia
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- The Treasury - Australian Government
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- Georgia Ports Authority, United States
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- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
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- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Maheswari Brothers Coal Limited - India
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- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- The University of Queensland
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- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
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- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- IHS Mccloskey Coal Group - USA
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
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- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
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- Mintek Dendrill Indonesia
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- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- PTC India Limited - India
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Trasteel International SA, Italy
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- Sindya Power Generating Company Private Ltd
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