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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
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Wednesday, 30 December 09
CHINA'S 2010 COAL DEMAND COULD RISE 4%-6%, ACCORDING TO CHINA SECURITIES JOURNAL
China, which is the world’s second-largest energy user, may consume between 4 and 6% more coal next year on continued economic growth, China S ...
Tuesday, 29 December 09
PROFIT IN COAL INDUSTRY DOWN 9.4% Y-O-Y IN JAN.- NOV.
In November, China's coal production was 289mln tons, up 26.3% year on year, an increase of 5.2% over last month. China's average daily trucks loa ...
Tuesday, 29 December 09
DHARMA HENWA EYES 20% REVENUE GROWTH
Local integrated mining services provider PT Dharma Henwa, which was earlier this year acquired by coal mining giant PT Bumi Resources, expects reve ...
Monday, 28 December 09
NEED TO IMPORT COAL COMES EARLY
Viet Nam may need to start importing coal as early as 2012, three years earlier than expected, to meet its electricity demands.
The Viet Nam Coal ...
Monday, 28 December 09
GOVT EYES $3.57B MINING, GEOTHERMAL INVESTMENT
The country can expect up to US$3.57 billion in investment in mining and geothermal energy next year, which would represent an increase by more than ...
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- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
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- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
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- Miang Besar Coal Terminal - Indonesia
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- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Aditya Birla Group - India
- New Zealand Coal & Carbon
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- Deloitte Consulting - India
- Australian Coal Association
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- Bhushan Steel Limited - India
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- Parry Sugars Refinery, India
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
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- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Minerals Council of Australia
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
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- PowerSource Philippines DevCo
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- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
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- Timah Investasi Mineral - Indoneisa
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- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
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- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
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- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
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