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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, 27 January 10
PEABODY ENERGY EYES 'RED HOT' ASIAN COAL DEMAND
US miner Peabody Energy has seen already-strong Asian markets become “red hot”, as demand for metallurgical and thermal coal strains sup ...
Wednesday, 27 January 10
KOLKOTTA BASED POWER UTILITY CESC LOOKING FOR 100,000 MT OF COAL FOR MAY & JUNE DELIVERY
COALspot.com (India): Kolkotta based power utility CESC, the flagship company of the diversified RPG group of India, has issued a closed tender to b ...
Tuesday, 26 January 10
FREIGHT COST ERODES INDIA CEMENTS NET
"Freight cost increased from an average of around 14% of sales in the previous quarters to around 20% in the third quarter"
The Decembe ...
Tuesday, 26 January 10
VITOL BUYS EXPORT SPACE AT COLOMBIA SANTA MARTA PORT
Global energy trader Vitol has signed a four-year deal to take export capacity at Colombia's 3 million tonnes a year Carbonsan port in Santa Marta, ...
Tuesday, 26 January 10
AUSTRALIAN FIRM TO MINE COAL IN WEST BENGAL
India Resources Ltd (IRL), a mining firm listed on the Australian Stock Exchange, has decided to enter into contract mining of coal in
India ...
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- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
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- Central Electricity Authority - India
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- Ministry of Transport, Egypt
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- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
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- Planning Commission, India
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
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- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
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- MS Steel International - UAE
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
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- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
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- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
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- Leighton Contractors Pty Ltd - Australia
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- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
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- SMG Consultants - Indonesia
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- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
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- Timah Investasi Mineral - Indoneisa
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- Sindya Power Generating Company Private Ltd
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- Borneo Indobara - Indonesia
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- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
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- Pendopo Energi Batubara - Indonesia
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- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
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- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- PTC India Limited - India
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
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- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
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