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Saturday, 10 October 09
COAL PRICES TIPPED TO SURGE BY 40% AS GLOBAL DEMAND RECOVERS NEXT YEAR
 Power-station coal prices may climb by more than 40 percent in 2010 from current levels as a global economic recovery boosts demand from power plants and steel producers, an official from PT Bumi Resources said.
Benchmark thermal coal grades, those burnt by Japanese utilities, may rise to about $100 a metric ton in the fourth quarter of 2010, led by economic growth in Asia and under- investment in coal capacity, said Dileep Srivastava, senior vice president for investor relations at Bumi.
That compares with $69.85 a metric ton in the week ended Oct. 2 at Australia’s Newcastle port, according to globalCOAL NEWC Index data.
“Demand for coal in China, India and Indonesia will be sustained at higher levels, while demand should normalize” in developed countries, Dileep said in Singapore on Thursday.
China imported a record 48 million tons in the first six months, according to customs figures.
Spot prices at Newcastle reached a record $194.79 a ton in July last year, before the global recession cut output and electricity demand.
Futures for coal delivery to Rotterdam with a settlement on Jan. 10 rose to $77 a ton on Friday, according to data compiled by Bloomberg, compared with this year’s low of $51.75 on March 12.
Bumi estimates average prices at $61 to $62 a ton, excluding freight and charges, for coal shipped from its mines this year, compared with $73.30 a ton in 2008, according to a company presentation.
That compares with about $44 a ton in 2007, Dileep said, declining to give a forecast for next year.
UBS AG has raised its 2010 forecast for benchmark coal to $90 a metric ton from $80 a ton in 2010 in a report on July 6.
Market conditions are expected to tighten starting in the fourth quarter of this year, with prices peaking in 2011, UBS said.
Source: The Jakarta Globe / Bloomberg
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Monday, 12 October 09
SHANDUKA BUYS SACMH RICHARDS BAY COAL ALLOCATION
* Shanduka Coal takes SACMH 500,000T export space
* RBCT must approve any change of ownership
Reuters reported that, South Africa's Shanduka Co ...
Monday, 12 October 09
INDONESIA TO CUT ROYALTIES TO BOOST LOW QUALITY COAL
Reuters reported that, Indonesia, the world's biggest exporter of thermal coal, plans to cut royalties paid by producers holding certain contracts ...
Monday, 12 October 09
SAMPUR COAL POWER PLANT AGREEMENT
Sunday Observer reported that, The construction work of the Sri Lanka-India joint venture coal power plant which costs US dollars 500 million will c ...
Saturday, 10 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - CAPT. REDDY
COALspot.com (Singapore): The BDI again firmed up this week by almost 14 pct to 2,695 points. The cape size index moved up quite sharply by 25 pct t ...
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 m ...
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- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- White Energy Company Limited
- Central Electricity Authority - India
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
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