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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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Tuesday, 19 January 10
CESC TO BUY 100,000 MT OF INDONESIAN SUB BITUMINOUS COAL
COALspot.com (India): CESC, India’s one of the largest and oldest private power producer is expected to issue a closed tender any time this we ...
Tuesday, 19 January 10
COAL FOR DOMESTIC USERS
While the government is already almost a year behind schedule in issuing regulations to implement the new mining law, mineral producers have been&nb ...
Tuesday, 19 January 10
ESSAR'S MEGA ACQUISITION PLANS
India’s Essar Group has carved a mega plan that includes a slew of acquisitions and investments in assets across various businesses. CNBC-TV18 ...
Monday, 18 January 10
INDONESIA SHIPPED 15.90 PERCENT OF TOTAL COAL EXPORTS IN 2009 TO INDIA
COALspot.com (Indonesia): Indonesia, the world largest coal exporter, exported 19.07 percent of the total coal export in 2009 to China and 15. ...
Monday, 18 January 10
BHP TO SPEND $267 MILLION ON QUEENSLAND COKING COAL
BHP Billiton Ltd, the world’s largest mining company, will spend $267 million to accelerate development of the Caval Ridge mine and the Hay Po ...
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- Borneo Indobara - Indonesia
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- Planning Commission, India
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- Petron Corporation, Philippines
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- Power Finance Corporation Ltd., India
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- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
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- Eastern Coal Council - USA
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- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
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- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
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- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
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- Indian Oil Corporation Limited
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- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
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- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
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- Australian Coal Association
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
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- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
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- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
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- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
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- Energy Development Corp, Philippines
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- The University of Queensland
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Goldman Sachs - Singapore
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