We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 03 December 09
COAL INDIA IPO LIKELY TO HIT MARKETS BY NOVEMBER 2010
Soon investors will get to own a slice of India's largest coal mining company. Coal India its initial public offering will hit markets in November ...
Thursday, 03 December 09
PROLONGED COAL MARGIN SQUEEZE AHEAD - WESCOAL
Mining Weekly reported that, Coal junior Wescoal foresees a continued margin squeeze ahead. The JSE AltX-listed company's gross margin was reduced ...
Tuesday, 01 December 09
INDONESIA COAL OUTPUT SEEN LIFTED BY CHINA, INDIA
Reuters reported that, Indonesia's coal output is expected to grow by as much as 12 percent in 2010, boosted by demand from power hungry China and ...
Monday, 30 November 09
NTPC SCOUTS FOR MORE COAL BLOCKS IN INDONESIA
State-run National Thermal Power Corporation (NTPC) today said it has identified three more coal blocks in Indonesia for acquisition.
"We ha ...
Monday, 30 November 09
THE FUTURES FOR THREE YEARS (2010-2012) WAS SOFT COMPARED TO LAST WEEK - VISTAAR SINGAPORE
COALspot.com (Singapore): BDI continued to drop this week and touched below 4,000 mark level. The drop in BDI was almost 12 pct and closed at 3,975 ...
|
|
|
Showing 6211 to 6215 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Australian Coal Association
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Planning Commission, India
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- The University of Queensland
|
| |
| |
|
