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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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Wednesday, 14 October 09
INDONESIA MULLS TO LIMIT COAL EXPORT
China View reported that, The Indonesian government planned to limit coal export of up to 150 million tons per year due to the growing coal demand i ...
Wednesday, 14 October 09
SA'S COAL OUTPUT LIKELY TO RISE BY 2011, BOOSTED BY WATERBERG MINES
Mining weekly reported that, South Africa's coal production will struggle to meet demand over the next few years, but coal production could likely ...
Tuesday, 13 October 09
INDONESIA'S BAYAN SEES 2010 COAL OUTPUT UP 42 PCT
Reuters reported that, Indonesian coal miner PT Bayan Resources Tbk (BYAN.JK) said on Tuesday it expects its coal output to increase by 42 percent i ...
Tuesday, 13 October 09
STRAITS ASIA UPBEAT ON MEETING 2009 COAL OUTPUT
Reuters reported that, Singapore-listed coal miner Straits Asia is still optimistic about meeting its coal output target of 9 million tonnes this ye ...
Tuesday, 13 October 09
THERMAL COAL DEMAND IN CHINA DRIVES PRICE INCREASES
Metal Miner reported that, Thermal coal prices have been falling this year; contrary to many other commodities, both metals and energy that hit bott ...
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- Makarim & Taira - Indonesia
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- Sarangani Energy Corporation, Philippines
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Siam City Cement - Thailand
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- Bhushan Steel Limited - India
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- Electricity Authority, New Zealand
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- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
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- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
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- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- London Commodity Brokers - England
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Planning Commission, India
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- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
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- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
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- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
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- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
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- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
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- Thiess Contractors Indonesia
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- Australian Coal Association
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- Aboitiz Power Corporation - Philippines
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- Commonwealth Bank - Australia
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- Chamber of Mines of South Africa
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- SMC Global Power, Philippines
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- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Economic Council, Georgia
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- Africa Commodities Group - South Africa
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- Eastern Coal Council - USA
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- Attock Cement Pakistan Limited
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- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
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- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- White Energy Company Limited
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