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Monday, 20 April 09
NIPPON STEEL SEMI-SOFT COAL PRICE SAID TO DROP 67% - BLOOMBERG
Nippon Steel Corp., Japan’s largest mill, will pay up to 67 percent less for semi-soft coking coal this fiscal year, two industry executives with knowledge of the deal, said.
The mill will pay $80 a metric ton to $85 a ton for the coal for the year started April 1, down from $240 a ton a year earlier, said the executives, who declined to be identified as the agreement is confidential. The deal for the Australian coal was reached with Xstrata Plc, the executives said today.
Steelmakers in Asia and Europe are slashing production as a global economic slowdown curbs demand from builders and carmakers. Japan’s steel output dropped by a record 44 percent in February from a year earlier to the lowest in four decades. Nippon Steel last month also won a 57 percent price cut for hard coking coal for this fiscal year and a 63 percent drop for pulverized coking coal, according to industry executives.
“The price cuts for all the varieties of coking coal will have roughly a 10,000 yen ($100) a ton cost benefit per one ton of steel products,” UBS AG analyst Atsushi Yamaguchi said.
Nippon Steel had sought a return to the 2007 price level of $65 a ton for semi-soft coking coal.
Hiroshi Nakashima, a spokesman at Tokyo-based Nippon Steel, said he couldn’t comment on raw material prices. James Rickards, spokesman for Zug, Switzerland-based Xstrata’s Australian coal unit, said the company didn’t comment on price negotiations.
Source:http://www.bloomberg.com/apps/news?pid=20601081&sid=adQ6W_HJzLYQ&refer=australia
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Monday, 13 April 09
INDIA'S NTPC FOURTH-QUARTER PROFIT RISES 30% ON POWER OUTPUT - BLOOMBERG
NTPC Ltd., India’s biggest electricity generator, said profit rose 30 percent in the fourth quarter after higher efficiency helped production. ...
Thursday, 09 April 09
INDONESIAN CILACAP, FISHERMEN PROTEST COAL BARGES ANCHORING IN BAY - THE JAKARTA POST
Fishermen in Cilacap, Central Java, have protested against the presence of dozens of coal barges lying at anchor in Teluk Penyu Bay, claiming they a ...
Thursday, 09 April 09
INDONESIA'S PLN (STATE ELECTRICITY COMPANY) TO SET POWER PURCHASE PRICES FOR INDEPENDENT PRODUCERS - THE JAKARTA POST
State power company PT PLN holds the mandate to set power purchase prices to buy electricity produced by its (IPP) business partners, aiming at flex ...
Wednesday, 08 April 09
ARCELORMITTAL BUYS STAKE IN COAL OF AFRICA - MINEWEB
Steel maker, ArcelorMittal SA, has acquired a 16.3 percent stake in Coal of Africa Ltd. for $44.98 million in cash.
ArcelorMittal SA, the South A ...
Wednesday, 08 April 09
EXPORTS AT AUSTRALIA NEWCASTLE COAL PORT FALL ON STORM -MINING-JOURNAL
Coal exports from Australia's Newcastle port, the world's largest coal export terminal, fell roughly 18% last week to a 4½-month low, as ro ...
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- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- The University of Queensland
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
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