We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 08 December 09
HIGH GLOBAL COAL PRICES HIT POWER PROJECTS
 Spot prices for the fuel have appreciated almost 10% in November.
After a sedate year, rising coal prices could hit the coffers of import-based domestic power generators in the next year. Spot prices for the fuel at Australia’s Newcastle port, a benchmark for Asia, have appreciated almost 10 per cent in November and rates at China’s Qinhuangdao port, a standard for the world’s largest coal consumer, have also seen a steady increase over the last two months.
Harried by the supply-demand mismatch in Indian coal production, a number of private sector power companies have pegged their port-based projects on overseas coal, with a specific dependence on the Indonesian variety. These include Reliance Power, which intends on using Krishnapatnam port, Essar Power, through Salaya port, and Tata Power as well as Adani Power, both of who will use Mundra Port.
“With Indian coal mining companies being unable to provide service to power producers such as NTPC, there is a huge dependence on the international market which is expected to increase as the volumes required are just not available in the country. Although long-term arrangements are being worked out, substantial amount of coal comes through the import route at present,” an analyst with InfralineEnergy Reseach and Information said.
However, with Indonesia’s thermal coal export growth likely to see a marked slowdown, importing the fuel will become more expensive for Indian firms.
Although Indonesian exports account for over 35 per cent of the global sea-borne coal market, the ability of Indonesian producers to ramp up production for sustaining export growth could be constrained by delay and regulatory uncertainties. Also, rising demand from Indonesian power producers and cautious capex programmes by major miners there, due to the global crisis, could see the prices of Indonesian coal rising in the coming months, according to a research by Citigroup.
Supply tightness is also expected to persist globally as export growth in both Australia and South Africa will be restricted due to port and rail infrastructure development. In the latter market, growing domestic demand, too, is likely to have an impact on thermal coal prices, an analysis by AME Mineral Economics suggested.
Moreover, thermal coal prices will also lent a degree of robustness as China, a study by Barclays Capital says, is likely to remain a major importer next year on the back of mine consolidation, expectation of a strong economic growth and possibility of higher taxes. In recent weeks, an increase in heating demand in China, triggered by the harshest winter in almost six decades, have spiked coal prices at Qinhuangdao port.
“Considering almost half of the coal requirement for the new coastal power projects is to be brought in from abroad, there will definitely be an impact on power companies. Although the cost of generation will increase, passing on the burden to the consumer will be tough and it will have to be absorbed by the generators themselves,” Angel Broking analyst Rupesh Sankhe said.
Although power companies have been allocated coal blocks for captive use, exploration and production from these might not happen immediately. Also, with many firms scouting for coal assets overseas, there is a dependence on spot purchases in the short-term.
“Larger players who have already secured assets abroad are unlikely to be affected and their consumers will not be hit if global coal prices rise. However, those firms who don’t have their own mines and are dependent on the market will have to bear the brunt,” Visa Group Chairman Vishambhar Saran said.
Although India has substantial non-coking coal reserves, in the range of 230 billion tonnes, there has been an increased reliance on imported coal. In 2007-08, the country imported about 28 million tonnes of non-coking coal as compared to 8.69 million tonnes in 2003-04. However, according to Citigroup estimates, India could have a combined import demand for thermal and coking coal to the tune of 140 million tonnes per year by 2013-14.
Source: Business-Standard
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 13 January 10
CONSOL SELLS FIRST COAL TO CHINA
Coal and natural gas company CONSOL Energy Inc.made its first sale of high-volume coking coal to Asia from its Bailey Mine in Northern Appalachia. T ...
Tuesday, 12 January 10
COAL PRICE FORECAST RAISED AT ANZ ON STRONGER CHINESE DEMAND
Power-station coal price forecasts for this year were raised 19 percent by Australia & New Zealand Banking Group Ltd. on rising demand from Chin ...
Tuesday, 12 January 10
BUMIS SALE CONTRACT ONLY REACHED 35 PERCENT
PT Bumi Resources has only completed 35 percent if its coal sale contract this year. “More than 65 percent of our sale volume did not have a c ...
Monday, 11 January 10
THE MARKET IS LIKELY TO BE STEADY - VISTAAR SINGAPORE
COALspot.com (Singapore): The freight market for the first week of the year was quite active and the market especially in the Panamax and Supramax s ...
Monday, 11 January 10
CHINAS COAL EXPORT MAY DECLINE 50% IN 2009
Preliminary data released by China's General Administration of Customs (GAC) on Wednesday showed that China's coal export reached 2.05 million ton ...
|
|
|
Showing 6101 to 6105 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Jindal Steel & Power Ltd - India
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- The University of Queensland
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
|
| |
| |
|
