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Wednesday, 27 January 10
ASIA'S 2010 STEAM COAL IMPORTS TO REACH 460 MLN T
* China to import up to 100 mln T of steam coal in 2010
* China, India seen investing in southern Africa assets
Asian imports of steam coal will rise to 460 million tonnes this year from roughly 400 million tonnes in 2009, which will boost prices, a coal consultancy said on Wednesday.
Demand for coal by far outstrips supply in countries like India and China, which are largely reliant on coal to feed their power industries, and heightens their reliance on imports from countries such as South Africa, one of the top producers of the commodity.
Gerard McCloskey, head of the consultancy, told a coal exports conference in Cape Town most South African coal may be going to Asia this year.
"This year the feeling is that 75 percent of South African coal may be going to Asia ... I don't know where the coal is going to come from to satisfy the market," he said.
India was the biggest single buyer of South African coal in 2009, accounting for 22-35 percent of monthly exports throughout the year, and is hungry for more to feed its burgeoning power needs.
South Africa shipped just 61 million tonnes of coal last year, despite an export terminal capacity of 76 million tonnes, because of a lack of adequate railway infrastructure to transport the resource to the port.
There are already enquiries from India and China for far more coal than is available for the first quarter of the year, making a scramble among buyers and an increase in prices inevitable, producers say.
| "China will continue to dominate... understanding China will help us understand what is happening to the market," - Gerard McCloskey |
McCloskey said China alone, which produced nearly 2.9 billion tonnes of coal in 2009, will need as much as 5-7 billion tonnes in the 2020s to feed its rising demand.
China is the world's largest coal producer but became a net importer last year when the price of domestic coal outstripped that of imported coal.
China is expected to import up to 100 million tonnes of steam coal in 2010 and up to 70 million tonnes of coking coal, he said.
"China will continue to dominate... understanding China will help us understand what is happening to the market," he said.
McCloskey said India and China would also seek to invest in coal assets in various regions, including southern Africa.
Source: Reuters
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Wednesday, 03 February 10
INDONESIA BUKIT ASAM SEES DOUBLE DIGIT 2010 REV GROWTH
* 2009 net profit rose an estimated 50 pct
* Sees opportunities for overseas acquisitions
Indonesian state-owned coal miner Bukit Asam saw 2009 ...
Wednesday, 03 February 10
RECOVERY IN INDONESIAN MINING SECTOR EXPECTED TO BOOST SALES, UNITED TRACTORS SAYS
PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year ...
Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive i ...
Monday, 01 February 10
CIL PLANS TO INVEST IN OVERSEAS COAL MINES
Over the next 10 years, CIL expects to import from these mines at least 500 million tonnes of thermal coal, a variety used by power plants
The bo ...
Sunday, 31 January 10
AUSTRALIA NEWCASTLE THERMAL COAL FALLS 0.7 PERCENT TO $ 98.53
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 0.7 percent, falling for the first time in four weeks. ...
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- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- Bhatia International Limited - India
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Posco Energy - South Korea
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Minerals Council of Australia
- CNBM International Corporation - China
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
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