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Thursday, 17 December 09
CHINA, INDIA DEMAND MAY BOOST THERMAL COAL PRICE, JPMORGAN SAYS
Demand for thermal coal from China and India may boost prices of the fuel to $80 a metric ton next year amid reduced supplies and lower inventories, JPMorgan Chase & Co. said in a report.
Prices of coal burnt at power stations may rise to $85 a ton in 2011 from $70 this year, JP Morgan said in a report today. China and India may import a combined 63.9 million tons of thermal coal next year and 56.4 million tons in 2011, it said. Power-station coal prices at Newcastle port, a benchmark for Asia, fell 0.7 percent to $79.90 a metric ton in the week ended Dec. 11, according to the globalCOAL NEWC Index.
“Supply will be tight in the next two years,” Stevanus Juanda, a Jakarta-based analyst for JP Morgan, said in the report. “In the second half of 2009, we have observed sizable imports of coal by China, due to the closure of mines in the Shanxi region and rise in electricity generation.”
Chinese imports of both thermal and coking coal may exceed 100 million metric tons in 2009 and rise to 200 million tons annually over the next several years, JPMorgan said in a report last month. China imported about 41 million tons last year and imported about 97 million tons in the first 10 months of this year,
Bloomberg data show.
Lack of supplies and an increase in demand may result in global thermal coal inventories declining from 40 million tons this year to 22.7 million in 2010, and stay at 25.6 million in 2011, JPMorgan said.
Indonesia may be able to offer only 15 million tons of additional supplies to the export market in 2010 and about 6 million tons in 2011 because of domestic obligations, the report said. Australian thermal coal exports will increase marginally by 2 million tons in 2010 while staying flat in 2011, it said.
Indonesia and Australia together supply about 50 percent of the global thermal coal exports, according to the report.
Benchmark thermal coal grades may rise to about $100 a metric ton in the fourth quarter of 2010, led by economic growth in Asia and underinvestment in coal capacity, Dileep Srivastava, senior vice president for investor relations at PT Bumi Resources, said in October.
Source: Bloomberg
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Thursday, 31 December 09
YANDICOOGINA BECOMES FIRST MINE IN AUSTRALIA TO PRODUCE 50 MILLION TONNES A YEAR
COALspot.com Press Release: Rio Tinto's Yandicoogina, Australia's largest-producing iron ore mine, has broken the 50 million tonne mark for annual ...
Wednesday, 30 December 09
INDIA CEMENTS TO FINALIZE 3 SHIPMENTS OF SOUTH AFRICAN COAL NEXT WEEK
COALspot.com (India): India Cements is looking for 3 shipments (150,000MT) of South African coal for January – March 2010 delivery on C ...
Wednesday, 30 December 09
BANPU EXPECTS STABLE COAL PRICES
2009 revenue growth will be hard to beat
Banpu Plc, Asean's largest coal miner, expects coal prices to stay firm at about US$80 per tonne in the f ...
Wednesday, 30 December 09
CIL DELISTS JAGUAR ENERGY FOR KODA LINKS
Coal India Ltd (CIL) has dropped Indonesia-based Jaguar Energy & Power Ltd from the list of companies, it intended to forge partnerships with to ...
Wednesday, 30 December 09
COAL PRICE RISE REQUEST DENIED
A proposal by the Viet Nam National Coal and Mineral Industries Group to double the price of coal has been turned down by the Ministry of Industry a ...
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- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Eastern Energy - Thailand
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- PTC India Limited - India
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Indian Energy Exchange, India
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- The University of Queensland
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
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