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Wednesday, 06 January 10
COAL PEAK RECEDES INTO THE FAR DISTANCE
 COALspot.com (German): Coal will be available to mankind as an energy source for the next 120 years.
The German Coal Importer Association has called attention to this fact. During a convention of the Evangelische Akademie Tutzing, the experts corrected descriptions of the reserves situation originating from the Energy Watch Group, which is associated with the Greens. The coal importers regard the statements made by this group predicting an imminent decline in world production to be misleading as they are in part wrong and ideologically based .
The time period of 120 years for profitably minable coal reserves is based on figures from the German Federal Institute for Geosciences and Natural Resources (BGR ). These figures show that hard coal will be a vailable for a significantly longer time than oil or natural gas. Moreover, coal is the primary energy source with the fastest growth rate in consumption.
It will cover a major part of energy demand until 2030, above all in Asian countries.
According to forecasts by the International Energy Agency (IEA), the world population will grow by 1.4 billion to over eight billion within the next 20 years. This translates into growth of the world population each year by a figure corresponding approximately to the total population of Germany.
At the same time, energy consumption will grow over proportionately by 30%.
If this demand is to be met, all of the forms of energy must be utilised. Despite the massive increase in renewable energy sources, the fossil energy sources coal, oil and gas will cover 75% of the additional consumption up to the year 2030. Against this back drop, the development of the CCS technology (carbo n - capture - storage) clearly proves to be important; without it, any improvement in the climate will be very expensive.
The new technology represents greater export opportunities, especially for Germany, than the comparatively simple technologies of wind or solar energy, which are more easily copied and are already being imitated in other countries.
Source: Global Press / The German Coal Importer Association
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Wednesday, 13 January 10
SOUTH AFRICA STEAM COAL PRICE FALLS SHARPLY
Reuters reported that South African physical coal prices fell sharply on Tuesday with a March cargo trade at USD 87.5 a tonne FOB Richards Bay and d ...
Wednesday, 13 January 10
ADHUNIK GROUP TO BUY 50 PCT IN AUSTRALIA MINE
The Adhunik group of Industries is in talks to acquire 50 percent in an Australian coking coal mine for $100 million, the Economic Times reported on ...
Wednesday, 13 January 10
COAL MARKETS 2010 CONFERENCE - SINGAPORE, 28 - 29 JANUARY 2010
COALspot.com (Press Release): As an established annual event that has been running for more than 7 years now with extensive industry support from ke ...
Wednesday, 13 January 10
IRON ORE PRICE TIPPED TO RISE 40PC, SAYS ANZ
THE price battle in the controversial iron ore negotiations is expected to intensify.
ANZ senior commodities analyst Mark Pervan has increased h ...
Wednesday, 13 January 10
KANGAROO RESOURCES KICKS OFF INDONESIAN COAL PRODUCTION
Coal-focused company Kangaroo Resources has formally joined the ranks of international coal operators after wrapping up the delivery and sale o ...
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- PowerSource Philippines DevCo
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- The University of Queensland
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- Krishnapatnam Port Company Ltd. - India
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- Energy Development Corp, Philippines
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- VISA Power Limited - India
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- SMC Global Power, Philippines
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- Heidelberg Cement - Germany
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- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
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- Electricity Authority, New Zealand
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- Deloitte Consulting - India
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- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- PTC India Limited - India
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
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- London Commodity Brokers - England
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- Indian Oil Corporation Limited
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- SMG Consultants - Indonesia
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- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
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- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- McConnell Dowell - Australia
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
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- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
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- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- White Energy Company Limited
- Petron Corporation, Philippines
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
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- Globalindo Alam Lestari - Indonesia
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- Agrawal Coal Company - India
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
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- Central Java Power - Indonesia
- Bhushan Steel Limited - India
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- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
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- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
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- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
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