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Tuesday, 19 January 10
RISING DEMAND FROM POWER FIRMS TO PUSH COAL PRICES
 The resurgence of the Chinese economy, along with harsh winter conditions across the country, is likely to push coal prices up in the short term. In addition, the growing demand from power producers in India could support the upward movement of the fossil fuel.
State-owned Coal India’s continued inability to meet the demand has prompted a number of power firms to establish overseas coal linkages. India’s largest power producer, NTPC, may also import coal in order to maintain the desired plant load factor across its facilities.
“Due to the recovery in the Chinese economy, especially in the manufacturing sector, the demand for coal has risen while the cost of mining has also increased. Even though freight costs have fallen, a rise of 7-10 per cent can be expected in spot prices over the next few months,” an analyst with Angel Broking said.
The rising cost of Indonesian coal, a favourite with Indian companies due to its geographical proximity, may also be a sustained phenomenon, with domestic demand already on the rise in the country. In the next couple of years, prices of coal from the country could hit $100 a tonne, a Citigroup study suggested.
Aggressive purchasing by utilities has resulted in spot prices in China’s primary coal port at Quihuangdao to reach the $120-a-tonne mark. Such buying, said the report, had been driven by strong demand and dislocation of local supply due to severe cold and low stockpiles. Consistent purchase from Europe and Korea, which are facing similar climatic conditions, also contributed to pushing the prices upwards.
Australia’s Newcastle port saw prices rise by up to $100 a tonne, the highest since November 2008. Spot prices have surged by 24 per cent at the port over the past five weeks.
With majority of Indian power producers settling for long-term prices, the impact of rocketing prices could have a restricted impact on the country, an analyst said.
“Our estimates are that the prices will remain around $65 a tonne for longer contracts.”
But calendar year contracts have had a good start with international mining firm Xstrata and Japan’s Tokyo Electric settling for prices up to $85 a tonne, which could well become the benchmark price for other calender year contracts.
Source: Business-Standard
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Thursday, 21 January 10
MEC IN TALKS WITH TATA POWER ON COAL - TRADE
The UAE's Middle East Coal is in talks to supply coal to Tata Power, India's biggest private sector power firm, from its new Indonesian operations ...
Wednesday, 20 January 10
NALCO SEEKS CONSULTANT FOR $4 BILLION INDONESIAN SMELTER, PLANT
National Aluminium Co., India’s second-biggest producer of the metal, called for bids for a consultant on its proposed aluminum smelter and co ...
Wednesday, 20 January 10
NTPC PLANS TO SET UP ARM FOR ACQUIRING COAL ASSETS ABROAD
NTPC, the world’s second-largest independent power producer (IPP), plans to set up a new entity for acquiring coal assets abroad to secure fue ...
Wednesday, 20 January 10
CEMENT FIRMS TO BUY POWER PLANT COAL ASH
CEBU, Philippines - Cement companies in Cebu are interested to buy the coal ash that will be produced from the coal-fired power plant in Toledo City ...
Tuesday, 19 January 10
CHINA TO INCREASE THERMAL COAL IMPORTS - WEN
China's Premier Wen Jiabao said on Tuesday that China will appropriately increase imports of thermal coal to ease the country's power shortages.
...
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- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- GMR Energy Limited - India
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- The State Trading Corporation of India Ltd
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