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Tuesday, 01 December 09
COAL DEMAND REBOUNDING FROM DOWNTURN - U.S. MINING EXECS
The coal industry is slowly rebounding from last year's recession with demand and prices inching upward, although inventories at U.S. power stations are still way higher than normal, U.S. coal mining executives said on Monday.
Demand from steelmakers for metallurgical, or coking coal was rebounding quicker, especially in Asia, but it would probably take another year for thermal, or steam coal used in power generation, to return to the levels before last year's economic downturn, said Kevin Crutchfield, chief executive of Alpha Natural Resources.
"Met markets are moving and we see recovery for thermal in the not too-distant future," he told the Macquarie Group's metals and mining conference.
Talking of the past year in which demand and prices fell, Crutchfield said "there were times when we all wished it would all be over. But now we see things are turning and we are cautiously optimistic."
But he noted electricity generation is down 4 percent so far this year and probably will end the year 10 percent down.
"We appear to be recovering from the recession...but inventories are still too high. Some 100 million tons need to be taken out of the market place to get back to a range of 130 million to 150 million tons."
That is likely to occur "by the back end of 2010," he said in comments to the conference monitored via a webcast.
New coal-fired power plants coming on line should account for another 13 million to 18 million more tons of coal demand.
On the global coal market, Crutchfield said it could be summed up in one word -- China. Asian consumption was expected to increase to 8 billion tons from 6 billion tons in the next 20 years, he said.
China was now a net importer of metallurgical coal for its steel production which is expected to exceed 600 million tons this year -- roughly half the world's total steel manufacture.
Alpha, he said, has capacity to produce 13.5 million tons of met coal per year and planned to export about two-thirds of that production.
Victor Patrick, CEO of another U.S. coal producer, Walter Energy also noted the industry's rebound.
"While we had a period through this year where our ability to sell was constrained by the demand for our product, the customers weren't there, that is not the case anymore.
"We are back where we have historically been, where our ability to sell our product is limited by our ability to get the product out of the mine," he told the Macquarie conference.
"In terms of the supply side, we've also seen this dramatic shift in China's influence in the market, from being a net exporter...to being a net importer of coal.
"And of course, pricing outlook seems to be strengthening because of the supply and the demand factors," Patrick said.
A ton of eastern U.S. coal that sold for $45.13 six months ago, was selling for $48 on Monday, according to the industry newsletter, Coal & Energy Price Report.
Source: Reuters
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Friday, 04 December 09
KALIMANTAN GOLD AGREES TO SELL IBP COAL CONCESSION
COALspot.com ( Press Release): Kalimantan Gold Corporation Limited ("KLG" or the "Company"), which undertook drilling and had an ...
Friday, 04 December 09
JSW ENERGY TO BUY OUT PARENT FIRM'S COAL BLOCK
JSW Energy plans to buy the stake held by JSW Steel in a thermal coal block in Mozambique in an attempt to become an integrated energy company with ...
Thursday, 03 December 09
JAPAN 2010 COAL IMPORTS SEEN FLAT, INDIA'S ROBUST - INDUSTRY
* Japan's demand seen steady in 2010 at 110 mln tonnes
* India's demand seen as robust, at 70 mln tonnes
Reuters reported that, Thermal coal i ...
Thursday, 03 December 09
INDONESIA MAY ALLOW COAL SALES BELOW GOVT PRICE
Reuters reported that, Indonesia is considering giving producers some flexibility to sell coal below the government's monthly benchmark price to co ...
Thursday, 03 December 09
INDONESIA SEEKS TO INCREASE COAL SHIPMENTS TO INDIA, CHINA
Bloomberg reproted that, Indonesia, Asia’s biggest coal exporter, seeks to increase shipments to India and China as the economies improve and ...
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- PetroVietnam Power Coal Import and Supply Company
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Minerals Council of Australia
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
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