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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 $48 on Monday, according to the industry newsletter, Coal & Energy Price Report.
Source: Reuters
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Sunday, 22 November 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AT US$ 25,000/26,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR ANALYSIS
COALspot.com (Singapore): Analyised by Capt. Radhakrishnan Reddy, Managing Director of Vistaar Shipping Services, Singapore.
BDI hits a new high ...
Friday, 20 November 09
INDONESIA UNITED TRACTORS PLANS $430 MLN CAPEX IN 2010
Reuters reported that, Indonesian heavy equipment distributor and mining contractor PT United Tractors Tbk plans capital expenditure of $430 million ...
Friday, 20 November 09
DRY BULK SHIP OWNERS HOPE RALLY WILL LAST
Boon times are still on the daily agenda of every dry bulk ship owner these days after one of the toughest year in the industry’s century-old ...
Friday, 20 November 09
NTPC LOOKING FOR LONG TERM CONTRACTS FOR COAL IMPORT
Business Standard of India reported that, State run power firm NTPC today said it is looking for long-term supply of coal from overseas market to me ...
Friday, 20 November 09
CHINESE COKING COAL SUPPLY TO BE 'TIGHT' IN 2010, KGI SAYS
Bloomberg Reported that, Stephen Wang, an analyst with KGI Securities in Taipei, comments on the outlook for Chinese steel production and demand for ...
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- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- White Energy Company Limited
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Central Electricity Authority - India
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Africa Commodities Group - South Africa
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