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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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Tuesday, 08 December 09
RICHARDS BAY COAL SHIPMENTS FELL 11% IN NOVEMBER FROM YEAR AGO
Coal exports from South Africa’s Richards Bay, site of the continent’s largest export terminal for the fuel, fell 11 percent in November ...
Monday, 07 December 09
HOW INDIA CAN CUT ITS ENERGY NEEDS BY 20%!
Using energy more efficiently can reduce our energy needs by one fifth; it is a strategy we must pursue even as we promote renewables, says Kirit Pa ...
Monday, 07 December 09
ASIA COAL POWER IN INDONESIA DISCUSSES NEW MINING LAW, COAL AND POWER SECTORS AS INVESTMENTS POUR INTO COALMINES TO SECURE SUPPLIES
COALspot.com (Singaproe): Press Release - Asia Coal Power pinpoints growing power demand in Asia & Power sector investments in Indonesia's coal ...
Monday, 07 December 09
DRY BULK RATES' VOLATILITY TO STAY, BUT RECOVERY IS UNDERWAY SAYS ION VAROUXAKIS HEAD OF FREESEAS
In an interview with Hellenic Shipping News, Mr. Ion G. Varouxakis, Chairman of the Board, President and CEO of Nasdaq-listed Freeseas, explains why ...
Monday, 07 December 09
VEDANTA RESOURCES ISSUES TENDER TO IMPORT 2.25 MILLION COAL
COALspot.com (India): Vedanta Resources plc is a London stock exchange listed FTSE 100 diversified metals and mining major with revenues in excess o ...
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- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
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