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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 bottom in the early part of this year have been rising since. Thermal coal dropped sharply last year hitting a trough in January before staging a small recovery in the spring only to slide back in the second quarter.
China, not surprisingly, is the world’s largest producer and consumer according to China Coal Resources. Coal producers and consumers have been locked in negotiations over the contract price which has made producers cautious about raising production, so consumers have turned to the international market and imports soared in Q2 to 16.1m tons per month as power production has risen. Since then, imports have dropped in July to 13.9m tons and again to 11.774m tons in August but stocks at ports are still relatively low and electricity production is up for the year as the country enters the colder peak winter months. This compares to a monthly average of 3.4m tons in 2008.
To what extent China will maintain this level of consumption and in particular imports remains to be seen. China Coal Resources predicts demand will remain strong due to continued industrial growth and the coming winter months of peak demand, but some observers believe the fading effects of the H1 stimulus package will reduce demand across the economy. Power station stocks are said to be lower now than in the Q2 so unless the domestic producers raise production and reduce prices to compete with imports it is unlikely China demand on regional suppliers is going to diminish significantly in the last quarter.
After falling steadily this year global spot prices as reflected at Australia’s Newcastle terminal climbed in mid September reflecting the strong demand. Recently, China’s Ministry of Finance unveiled measures to release special funds to support the shutdown of small coal mines. Local governments will get financial support from the central government to speed up the rationalization and closure of small mines notorious for their poor safety record. The remaining state mines will then be able to consolidate their hold on the domestic thermal coal market around the whole country. Their primary focus will be to maximise returns which means they will aim to keep both capacity utilization and prices optimized. Imports will therefore probably remain robust and on the back of that, Asian prices for thermal coal can be expected to rise during the winter.
Source: Ag Metal Miner
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Saturday, 31 October 09
PRODUCERS BENEFIT FROM COAL'S TIGHT SUPPLY AND STRONG DEMAND
The Jakarta Post reported that, The outlook for Indonesian coal producers appears promising with strong volume growth coming from both the domestic ...
Saturday, 31 October 09
FLSMIDTH WINS MAJOR INDIAN COAL HANDLING PROJECT
Top global supplier of minerals processing and materials handling equipment, FL smidth, has won another important coal handling contract in India
...
Saturday, 31 October 09
INDIA OPENING POWER SECTOR TO PRIVATE INVESTMENT, COAL STILL THE FUEL OF CHOICE
Energy Tribune reported that, With coal-fired power plants as the primary source, India’s electricity generation sector space has been dominat ...
Friday, 30 October 09
MINERS TOLD TO SPEND ON LOCAL SERVICE FIRMS
The energy and mineral resources ministry has issued a ministerial regulation ordering mining firms to prioritize hiring domestic service companies ...
Friday, 30 October 09
TATA POWER MAY BUY COAL FROM RIVERSDALE'S MOZAMBIQUE MINES
Bloomberg reported that, Tata Power Ltd., India’s biggest electricity generator outside state control, may buy coal from a mine in Mozambique ...
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- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
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- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
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- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
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- Eastern Coal Council - USA
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- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
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- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
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- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
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- Bhushan Steel Limited - India
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- New Zealand Coal & Carbon
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- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
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