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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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Thursday, 06 August 09
CASES FILED AGAINST ESSAR ALGOMA OVER TERMINATED COAL SHIPMENTS
Steel Guru reported that, It is reported that units of International Coal Group Inc and Arch Coal Inc have filed federal lawsuits in the same court ...
Thursday, 06 August 09
COMPULSORY MINE RECLAMATION PROPOSED FOR A MINING'S LIFETIME
Tambang reported that, A data from the Forestry Ministry showed that almost 65 percent of mining activities operated under contract of work, c ...
Thursday, 06 August 09
MINING PERMITS FOR THOSE COMMITTED TO SMELTER DEVELOPMENT ONLY
Tambang reported tht, Concrete and tangible endeavors are key to guarantee the attainment of added value from mining sector. The Indonesian Ministry ...
Thursday, 06 August 09
PRESS RELEASE - CZECH COAL CONTESTS THE J&T AND IPO MERGER
Prague, 3 August 2009 - The Czech Coal Group filed today objections to the proposed merger of the J&T Group and International Power Opatovice (I ...
Wednesday, 05 August 09
SMALLER DRY BULK CARRIERS TO FARE BETTER UNTIL THE END OF 2009 - SHIPPING
Marcor Shipping reported that, Smaller ship types are expected to outtake larger ones in dry bulk trade for the period until the end of the year. Th ...
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- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
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- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- White Energy Company Limited
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
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