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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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Monday, 30 November 09
INDIA UTILITIES MOVE TO COAL INDEX - PRICING
Indian state utilities are leading a switch to coal index-linked pricing from fixed prices to secure imports and to be visibly paying fair market pr ...
Monday, 30 November 09
RECAPITAL TO ACQUIRE BERAU COAL
Unlisted Indonesian coal producer Berau will redeem outstanding bonds before the acquisition by Recapital Advisers is completed by the end of this y ...
Friday, 27 November 09
IMPORTING LIGNITE INTO COAL RICH KOSOVO
Balkan Insight has discovered that one of Kosovo’s biggest firms is being forced to import lignite from Malaysia and Indonesia, despite estima ...
Friday, 27 November 09
SOUTH AFRICA STILL TOPS IN COAL EXPORT RANKINGS
Mining Weekly reported that, Despite significant coal-mining capacity recently discovered in the Southern African region, according to senior coal a ...
Friday, 27 November 09
BHP SEEKS VARIABLE COKING COAL PRICE IN JAPAN, NIKKEI SAYS
Bloomberg reproted that, BHP Billiton Ltd. has asked Japanese steelmakers to move to pricing of coking coal linked to spot rates rather than negotia ...
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- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
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- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
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- London Commodity Brokers - England
- Economic Council, Georgia
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- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Planning Commission, India
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- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
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- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
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- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
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- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
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- Parliament of New Zealand
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- Power Finance Corporation Ltd., India
- White Energy Company Limited
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- Directorate Of Revenue Intelligence - India
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- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- PTC India Limited - India
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
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- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
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- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Deloitte Consulting - India
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