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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, 04 November 09
BINANI HOPES TO BUY INDONESIAN COAL MINE IN 2-3 MONTHS
"We are still negotiating, but hope to conclude the deal in the next two to three months," Binani Cement Managing Director Vinod Juneja to ...
Tuesday, 03 November 09
CHINA TO BE NET COAL IMPORTER IN 2009
China is accelerating its importation of coal to cope with fallen output caused by the consolidation of small coalmines, and is likely to become a n ...
Monday, 02 November 09
RIO TINTO WARNS ON CHEAP MONGOLIAN COAL
The Age reported that, Mining giant Rio Tinto has warned that cheap coal from Mongolia as well as congestion at the Port of Newcastle in NSW could u ...
Monday, 02 November 09
ESSAR SEEKS COAL ASSETS IN SOUTH AFRICA
Paguntaka reported that, Essar Group plans to acquire coal assets in South Africa to help boost its power business in India. A senior executive of E ...
Sunday, 01 November 09
MINES REGULATION AMENDMENT BILL TO BE TABLED IN PARLIAMENT
Thaindia News reported that, A bill seeking to amend the Mines and Minerals Development Regulation Act, 1957, will be introduced in the winter sessi ...
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- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- MS Steel International - UAE
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
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