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Monday, 07 December 09
CHINA COKING COAL PRICE MAY RISE 14% ON DEFICIT, CITIGROUP SAYS
Coking coal prices in China, the world’s biggest steel producer, may rise 14 percent next year because of a supply deficit, Citigroup Inc. said.
Supply of the steelmaking raw material will fall short of demand by 27 million metric tons next year, a gap that will be filled by imports, Citigroup analysts Catherine Wang and Thomas P Wrigglesworth said in a Dec. 4 report.
China’s $586 billion stimulus spending has boosted steel demand from property developers and automakers. Steel output in China may rise 14 percent to 570 million tons this year, Xu Lejiang, chairman of the nation’s biggest producer Baosteel Group Corp., said last week in Beijing.
“Coking coal is our favorite bulk commodity,” the analysts said in the research report. “With limited supply, the sector is set to benefit from high levels of steel production in China.”
Hidili Industry International Development Ltd., southwestern China’s largest producer of coking coal, gained as much as 2.9 percent to HK$9.35 and traded at HK$9.25 at 10:40 a.m. The stock has almost quadrupled this year.
Coking coal demand in China may increase 9 percent to 509 million tons from this year, while production will grow 10 percent to 482 million tons, the report said. The forecast is based on pig-iron production of 597 million tons next year, according to the report.
Benchmark coking coal prices have risen 10 percent since May to 1,260 yuan a ton in Pingdingshan, according to industry researcher Steelhome. Pingdingshan, a city in China’s central Henan province, holds China’s largest reserves of coking coal.
Source: Bloomberg
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Sunday, 03 January 10
BHP TO STAY IN MARUWAI AND TO KEEP 75 PERCENT OF THE STAKE
Despite recent statements that it would pull out completely from Indonesia, the world's largest mining company BHP Billiton has now admitted that i ...
Saturday, 02 January 10
INDONESIAS COAL OUTPUT RISES BY 5%
Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the gov ...
Saturday, 02 January 10
TAIPOWER FORECASTS COAL DEMAND TO SNAP DECLINE
Taiwan Power Co., Asia's biggest importer of thermal coal, expects its demand for the fuel to rise in 2010 after falling for two years as the islan ...
Friday, 01 January 10
COAL INDIA TO START IMPORTING DIRECTLY
According to sources, the coal major has already finalised tender document to import four million tonnes thermal grade coal for supplies to NTPC. Th ...
Thursday, 31 December 09
INDONESIA SEES 2010 MINING INVESTMENT UP 39 PCT
Reuters reported that, Indonesian mining investment is expected to hit $2.5 billion next year, up from $1.81 billion in 2009, supported by greater c ...
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- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
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