We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Saturday, 12 December 09
INDONESIA'S COAL RUSH - SOOTY SUCCESS
 Rising demand from China and India is stoking Indonesia’s exports of coal
FOR power stations on the coast of China, it is often cheaper to import coal by sea from Indonesia than from mines in the interior. The same goes for many Indian consumers. Japan and South Korea, both big importers, are also close—putting Indonesia at the heart of an Asian coal boom.
The majority of electricity in China, India and several other Asian countries comes from burning coal. Demand for the stuff has grown rapidly, along with the region’s economies. It is likely to continue to do so, despite environmental concerns, because coal is abundant and cheap. Last month the International Energy Agency predicted global demand for coal would increase by 1.9% a year until 2015, outpacing all other fossil fuels except natural gas.
Indonesia is the world’s biggest exporter of coal for power plants (Australia ships more of the sort used in steel production). Local mining firms are scrambling to expand; foreign investors are keen to help them. Last year, when coal prices were at their height, several local firms listed on Jakarta’s stockmarket. This year several have issued bonds. In September China Investment Corporation, China’s main sovereign-wealth fund, lent $1.9 billion to Bumi Resources, Indonesia’s biggest coal-mining firm. Recapital, a local investment bank, is seeking to buy Berau Coal, the fifth-biggest local miner. Alex Wood, who runs AWR Lloyd, an energy consultancy, expects more deals as coal-hungry Chinese and Indian firms try to secure supplies.
Indonesia’s production this year is forecast to be around 230m tonnes. Roughly 190m tonnes of that are exported. But Indonesia has coal-fired power stations under construction that will absorb an extra 20m tonnes or so of coal by 2011, points out Adam Worthington, a commodities analyst at Macquarie Securities. The government says it might cap exports at 150m tonnes in future.
Bumi hopes to double its output by 2012 to 100m tonnes. Other local firms also have big expansion plans. But building a new coal mine and the accompanying infrastructure can take years, says Virach Makaranithiroj, director of investor relations for Banpu, a Thai energy company. The precipitous drop in coal prices last year as the world economy swooned has delayed some projects. A controversial new mining law giving the government sweeping powers has also caused jitters.
These obstacles make existing mines all the more valuable. Banpu, which already mines coal in Indonesia and China, is on the lookout for acquisitions. So are lots of other investors, from private-equity funds to oil companies, such as Thailand’s PTT. Chinese firms are among the most eager. This week the Chinese authorities cleared Yanzhou Coal’s $3.3 billion bid for Felix Resources, an Australian coal-mining firm.
Coal is one commodity that China has in spades. It is the world’s biggest producer and was, until recently, a net exporter. But Indonesia’s coal is of better quality. The Chinese government, meanwhile, is shutting down smaller mines. UBS predicts the proportion of global exports going to China will double to 10% by 2012. India’s share is projected to rise from 5% to 8%.
What might slow the black tide? Andreas Bokkenheuser, an analyst at UBS, says little will change until consumers of coal are forced to pay more to pollute, via a carbon tax, for example. He is from Copenhagen, where negotiators are currently struggling to agree on any such system.
Source: Economist
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 27 November 09
EXXARO SEES HIGH COAL DEMAND RAISING PRICES
Reuters reported that, South African diversified miner Exxaro Resources said on Thursday it expected coal prices to rise to between $70 and $75 per ...
Friday, 27 November 09
CENTENNIAL SAYS ENERGY-COAL PRICE TO RISE AS CHINA SEEKS FUEL
Bloomberg reported that, Centennial Coal Co., an Australian producer of the fuel, said contract prices are expected to rise in 2010, with Chinese co ...
Friday, 27 November 09
IN FIRST-10-MONTH OF 2009 COAL IMPORTS IN GUANGXI-FANGCHENG EXCEEDED FULL-2008 IMPORTS
According to Customs statistics, during the January-October, Fangcheng port accumulatively imported 3.676mln tons valuing U.S.$370, rising by 53.8% ...
Thursday, 26 November 09
CHINA'S COAL IMPORTS TO RISE BY 170 PERCENT IN 2009
According to the statistics released by China's General Administration of Customs on November 23, China's coal imports for October totaled 11.1 mi ...
Thursday, 26 November 09
CIL EYES OVERSEAS ACQUISITIONS TO BRIDGE SUPPLY GAP
Coal Minister Sriprakash Jaiswal on Wednesday said that state-run coal major Coal India is looking to acquire coal blocks in the US and
othe ...
|
|
|
Showing 6221 to 6225 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
|
| |
| |
|
