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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 $48 on Monday, according to the industry newsletter, Coal & Energy Price Report.
Source: Reuters
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Thursday, 12 November 09
FOREIGN INVESTMENT IN RUSSIAN COAL SECTOR
Reuters reported that, Russia's coal mines, particularly in the Arctic and Far East, are attracting interest from foreign investors as commodity pr ...
Thursday, 12 November 09
BANPU TO INVEST US$ 466 M
Plan targets 33.5m tonnes of coal per year
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is planning capital investments of ...
Wednesday, 11 November 09
NORTHSTAR TAKES 40 PER CENT OF INDONESIAN MINING COMPANY
AltAssets reported that, PT Northstar Pacific Partners, the Indonesian affiliate of US private equity firm TPG, has taken a 40 per cent stake in Ind ...
Wednesday, 11 November 09
INDONESIAN COAL MINERS SOLD BIG VOLUMES OF 2010 TO CHINA
* China has scooped up large volumes of Indonesian coal
* Total exports to China in 2010 seen to exceed 20 million T
* Chinese, Indian demand may ...
Wednesday, 11 November 09
INDIAN COAL IMPORT FROM SA IN OCTOBER
Reuters reported that India imported 2.4 million tonnes of coal from South Africa's Richards Bay Coal Terminal in October 2009, 35% of the total of ...
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- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
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- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
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- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- VISA Power Limited - India
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Planning Commission, India
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Australian Coal Association
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
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