ELECTRICITY: No long-term relief seen from high prices -- report (10/30/2007)
HEADLINES on COAL:
COAL HEADLINES:
Richards Bay prices edge to $82/mt
London (Platts)-- 30Oct2007-- South African coal prices traded up another dollar Monday as two panamaxes of Richards Bay contract coal were snapped up on globalCOAL. A utility/trader was said by a market source to have booked a panamax ...
Dalrymple Bay Coal Terminal approves 38% tariff hike
London (Platts)-- 30Oct2007-- Dalrymple Bay Coal Terminal (DBCT) users will pay higher tariffs in 2008. On October 26, the Queensland Competition Authority (QCA) approved a proposal from DBCT manager Babcock & Brown Infrastructure ...
Platts Broker-Based Indexes for Coal and Emissions for October 26
Washington DC (Platts)-- 26Oct2007-- Platts weekly broker emissions indexes, along with its monthly broker emissions indexes and the daily OTC coal broker indexes are posted here so all market participants can evaluate our results. Our "Methodology ...
Aluminium producer Vimetco in deal to build Romanian power plant
London (Platts)-- 26Oct2007-- Vimetco has entered into a joint development agreement with Interagro to jointly build a power plant in Romania, the aluminium producer said Friday. The coal-fired power plant will have a generation ...
Platts Broker-Based Indexes for Coal and Emissions for October 25
Washington DC (Platts)-- 25Oct2007-- Platts weekly broker emissions indexes, along with its monthly broker emissions indexes and the daily OTC coal broker indexes are posted here so all market participants can evaluate our results. Our "Methodology ...
Declines at 4 mines offset other gains, sending ICG into red ink
Washington (Platts)-- 25Oct2007-- International Coal Group reported Wednesday a net loss of $1.9 million or 1cts/diluted share for the third quarter, an improvement over the net loss of $2.4 million or 2cts/diluted share for Q3 2006. "Our ...
Coal prices benefiting AEP this year
Washington (Platts)-- 25Oct2007-- Coal costs are turning out to be more favorable this year than American Electric Power anticipated, but that is not likely to be the case in 2008, an AEP official said Wednesday. Early this year, the ...
Ill. agency gives companies another chance to settle sale terms
Washington (Platts)-- 24Oct2007-- More than a year after the process got under way, ExxonMobil's planned sale of its Monterey 1 underground mine near Carlinville, Illinois, still has not been signed, forcing the oil giant to request more ...
BNSF coal tonnage on pace to exceed 290 mil st in '07
Washington (Platts)-- 24Oct2007-- BNSF Railway's total coal tonnage is expected to exceed 290 million short tons in 2007, as mines in the Powder River Basin are off to "a great start in the fourth quarter," a railroad official told analysts ...
Platts Broker-Based Indexes for Coal and Emissions for October 24
Washington DC (Platts)-- 24Oct2007-- Platts weekly broker emissions indexes, along with its monthly broker emissions indexes and the daily OTC coal broker indexes are posted here so all market participants can evaluate our results. Our "Methodology ...
Duke offers praise, criticism for Lieberman-Warner climate bill
Boston (Platts)-- 24Oct2007-- Duke Energy said Wednesday that while it supports key elements of the climate-change bill that US Senators Joseph Lieberman, a Connecticut Independent, and John Warner, a Virginia Republican, proposed ...
Platts Broker-Based Indexes for Coal and Emissions for October 23
Washington DC (Platts)-- 23Oct2007-- Platts weekly broker emissions indexes, along with its monthly broker emissions indexes and the daily OTC coal broker indexes are posted here so all market participants can evaluate our results. Our "Methodology ...
Platts Broker-Based Indexes for Coal and Emissions for October 22
Washington DC (Platts)-- 22Oct2007-- Platts weekly broker emissions indexes, along with its monthly broker emissions indexes and the daily OTC coal broker indexes are posted here so all market participants can evaluate our results. Our "Methodology ...
Utah's 2008 output estimate cut 2.1 million st by shutdowns
Washington (Platts)-- 22Oct2007-- The Utah Geological Survey has revised down its figures for coal production in the state in 2007 and 2008 in the wake of the fatal August accident at UtahAmerican Energy's Crandall Canyon underground mine ...
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ArcelorMittal extends Spanish coking coal lease until 2020
London (Platts)-- 22Oct2007-- ArcelorMittal has renewed its lease on its Aviles coke plant in northern Spain until 2020, a spokesman for the global steel giant told Platts Monday. AM's Eur70,000/year ($99,000) leasing contract ...
Platts Broker-Based Indexes for Coal and Emissions for October 19
Washington DC (Platts)-- 19Oct2007-- Platts weekly broker emissions indexes, along with its monthly broker emissions indexes and the daily OTC coal broker indexes are posted here so all market participants can evaluate our results. Our "Methodology ...
Citing climate change, Kansas environment official denies permit
Washington (Platts)-- 19Oct2007-- Kansas Department of Health and Environment Secretary Roderick Bremby late Thursday denied an air-quality permit for a pair of 700-MW coal-fired generating units proposed by Sunflower Electric Power, saying ...
Platts Broker-Based Indexes for Coal and Emissions for October 18
Washington DC (Platts)-- 18Oct2007-- Platts weekly broker emissions indexes, along with its monthly broker emissions indexes and the daily OTC coal broker indexes are posted here so all market participants can evaluate our results. Our "Methodology ...
Platts Broker-Based Indexes for Coal and Emissions for October 18
Washington DC (Platts)-- 18Oct2007-- Platts weekly broker emissions indexes, along with its monthly broker emissions indexes and the daily OTC coal broker indexes are posted here so all market participants can evaluate our results. Our "Methodology ...
China approves Hainan methanol operations, one year after startup
Tokyo (Platts)-- 18Oct2007-- The Chinese government has officially approved operations at CNOOC-Kingboard's 600,000 mt/year methanol plant at the island of Hainan, almost one year after its startup, a source close to the company confirmed Thursday. ...
CIF ARA coal prices leap $5/mt
London (Platts)-- 18Oct2007-- Steam coal prices continued to set fresh records Wednesday, with spot CIF ARA prices leaping $5/mt to $117/mt and FOB Richards Bay rising $1.50/mt to $72.50/mt. A 50,000 mt parcel of Russian coal for ...
Rio Tinto's US tonnage flat as lower power needs
Washington (Platts)-- 17Oct2007-- In the US, steam coal production for global mining conglomerate Rio Tinto was down slightly from the year-ago quarter, 31.2 million metric tons for Q3 2007, down from 31.3 million mt in Q3 2006. Quarterly ...
Platts Broker-Based Indexes for Coal and Emissions for October 17
Washington DC (Platts)-- 17Oct2007-- Platts weekly broker emissions indexes, along with its monthly broker emissions indexes and the daily OTC coal broker indexes are posted here so all market participants can evaluate our results. Our "Methodology ...
Australians asking $77-$78/mt for term contracts
Manila (Platts)-- 17Oct2007-- In yet another indication of rising coal prices, Australian producers with term contracts in Japan commencing deliveries in October recently asked their Japanese customers for a Newcastle coal contract ...
Richards Bay coal prices surpass 2004 peak
London (Platts)-- 17Oct2007-- Richards Bay prices cracked the $70/mt FOB ceiling Tuesday, and have apparently surpassed their previous market peak of $72/mt FOB scaled in July 2004. Market sources told of a deal at $72.75/mt for a ...
Platts Broker-Based Indexes for Coal and Emissions for October 15
Washington DC (Platts)-- 15Oct2007-- Platts weekly broker emissions indexes, along with its monthly broker emissions indexes and the daily OTC coal broker indexes are posted here so all market participants can evaluate our results. Our "Methodology ...
Platts Broker-Based Indexes for Coal and Emissions for October 12
Washington DC (Platts)-- 12Oct2007-- Platts weekly broker emissions indexes, along with its monthly broker emissions indexes and the daily OTC coal broker indexes are posted here so all market participants can evaluate our results. Our "Methodology ...
UK coal-fired power plant developers set to challenge government
London (Platts)-- 12Oct2007-- A decision by the UK government to back only the post-combustion version of clean coal technology is set to be challenged, Platts has learnt. A number of clean coal plant developers and backers, ...
Platts Broker-Based Indexes for Coal and Emissions for October 11
Washington DC (Platts)-- 11Oct2007-- Platts weekly broker emissions indexes, along with its monthly broker emissions indexes and the daily OTC coal broker indexes are posted here so all market participants can evaluate our results. Our "Methodology ...
Stream buffer rule change battered in postings
Washington (Platts)-- 11Oct2007-- The Office of Surface Mining is extending the comment period for the controversial proposed rule change for stream buffer zones by 90 days, to November 23, and the agency will host four public hearings ...
Xcel sticks to plans to build IGCC unit
New York (Platts)-- 11Oct2007-- Xcel Energy may delay filing an application for an integrated gasification combined-cycle plant in Colorado by a few weeks ? rather than filing on October 31 as originally planned ? as the utility awaits ...
DES ARA coal trades at $111/mt
London (Platts)-- 11Oct2007-- The European spot coal market saw less activity on Wednesday, but it can hardly be said to have cooled, as the DES ARA market traded at a new high. A total of 150,000 mt for Q1-08 delivery was paid at ...
Platts Broker-Based Indexes for Coal and Emissions for October 10
Washington DC (Platts)-- 10Oct2007-- Platts weekly broker emissions indexes, along with its monthly broker emissions indexes and the daily OTC coal broker indexes are posted here so all market participants can evaluate our results. Our "Methodology ...
Global warming speakers favor clean coal, disagree on climate
Washington (Platts)-- 10Oct2007-- Two widely divergent viewpoints on global warming presented Tuesday at the Coal Market Strategies Conference might prompt industry executives to flip coins to decide which direction to follow. The twist ...
AEP to install two new scrubbers as part of NSR settlement
Washington (Platts)-- 10Oct2007-- The agreement American Electric Power reached with the Environmental Protection Agency, eight states and 13 environmental groups over emissions from 16 coal-fired power plants in Indiana, Kentucky, Ohio, ...
RWE Npower launches UK CCS initiative
London (Platts)-- 10Oct2007-- RWE Npower plans to design and build the first Carbon Dioxide (CO2) capture pilot plant at a UK coal power station, the UK subsidiary of Germany's RWE said Wednesday. The first phase could be fully ...
UK Coal signs supply deal with E.ON for Ratcliffe power plant
London (Platts)-- 10Oct2007-- UK's largest coal producer, UK Coal, announced Wednesday it has agreed terms for the supply of almost six million tonnes of coal to E.ON's Ratcliffe power station over the next five years. About ...
Platts Broker-Based Indexes for Coal and Emissions for October 9
Washington DC (Platts)-- 9Oct2007-- Platts weekly broker emissions indexes, along with its monthly broker emissions indexes and the daily OTC coal broker indexes are posted here so all market participants can evaluate our results. Our "Methodology ...
US DOE to pump $197 mil into developing carbon storage projects
Washington (Platts)-- 9Oct2007-- Long term and industrial-scale carbon capture and storage from coal-fired power plants received its latest major backing on Tuesday as the US Department of Energy and private sector partners pledged $318 ...
API2 2008 bursts through $100/mt
London (Platts)-- 9Oct2007-- Bullish freight sentiment and rising FOB prices gave further upward momentum to the European coal derivatives market Monday, with the front of the API2 (CIF ARA) curve lifting by over $3/mt. In a day ...
December Richards Bay panamax trades at $69/mt
London (Platts)-- 9Oct2007-- The spot market for CIF ARA and FOB Richards Bay coal jumped several dollars on Monday, as a trio of Richards Bay FOB trades and rising freight lifted prices. A panamax Richards Bay cargo for December ...
Platts Broker-Based Indexes for Coal and Emissions for October 8
Washington DC (Platts)-- 8Oct2007-- Platts weekly broker emissions indexes, along with its monthly broker emissions indexes and the daily OTC coal broker indexes are posted here so all market participants can evaluate our results. Our "Methodology ...
Platts Broker-Based Indexs for Coal and Emissions for Oct 5
Washington (Platts)-- 8Oct2007-- Platts weekly broker emissions indexes, along with its monthly broker emissions indexes and the daily OTC coal broker indexes are posted here so all market participants can evaluate our results. Our "Methodology ...
Freight, weak dollar hit coal market
London (Platts)-- 8Oct2007-- The rising freight price, the weakening US dollar and consumers who were "finally" beginning to come back to the market were just some of the reasons given for some "strange" prices in the physical market ...
Newcastle coal prices strong in 2008 trade
London (Platts)-- 5Oct2007-- The Newcastle physical market perked up on Thursday, as buyers were keen to lock in 2008 tonnage. European trading remained light again, as buyers appear to be content to wait out high prices. "The freight ...
Platts Broker-Based Indexes for Coal and Emissions for October 4
Washington (Platts)-- 4Oct2007-- Platts weekly broker emissions indexes, along with its monthly broker emissions indexes and the daily OTC coal broker indexes are posted here so all market participants can evaluate our results. Our "Methodology ...
STB decries legislation's litigation measure
Washington (Platts)-- 4Oct2007-- Surface Transportation Board Chairman Charles Nottingham expressed concerns during a Senate antitrust subcommittee hearing on Wednesday about a provision in a proposed railroad antitrust bill that would ...
Families claim MSHA didn't do its job at Crandall Canyon
Washington (Platts)-- 4Oct2007-- Testifying before a House congressional committee on Wednesday, family members representing Crandall Canyon miners said that the Mine Safety and Health Administration failed to do the job it was set up ...
Russian coking coal demand spills over to US
London (Platts)-- 4Oct2007-- With Russians, Ukrainians and Romanians nosing around US producers for metallurgical coal supplies, and the Australians continuing to struggle to meet commitments to Asian coking coal customers, the market ...
Newcastle coal at $71.50/mt in prompt
London (Platts)-- 4Oct2007-- Newcastle contracts appeared to be the only game in town in a Wednesday market that remained sluggish. Four deals went through on the globalCOAL trading screen. In the morning a 35,000 mt parcel for November ...
Improved steam demand following hotter met market
Washington (Platts)-- 3Oct2007-- With Russians, Ukrainians and Romanians nosing around US producers for metallurgical coal supplies, and the Australians continuing to struggle to meet commitments to Asian coking coal customers, the market ...
ICG's Hatfield says market discipline now paying off
Washington (Platts)-- 3Oct2007-- International Coal Group President and CEO Ben Hatfield told investors on Tuesday that the producer is "now beginning to see significant demand for export shipments" that is diverting supply from the US ...
Platts Broker-Based Indexes for Coal and Emissions for October 3
Washington (Platts)-- 3Oct2007-- Platts weekly broker emissions indexes, along with its monthly broker emissions indexes and the daily OTC coal broker indexes are posted here so all market participants can evaluate our results. Our "Methodology ...
South African bunker fuel market "tight"
London (Platts)-- 3Oct2007-- Tightness in the South African bunker fuel market could prevent ships from leaving Richards Bay Coal Terminal, market sources have claimed. One source told Platts that Engen, the South African refinery, ...
Newcastle vessel queue ends September at 38
London (Platts)-- 3Oct2007-- The vessel queue at the port of Newcastle numbered 38 vessels at the end of September, just one vessel above the target for the month of 37 vessels. However, according to data from the Hunter Valley Coal ...
Platts Broker-Based Indexes for Coal and Emissions for October 2
Washington (Platts)-- 2Oct2007-- Platts weekly broker emissions indexes, along with its monthly broker emissions indexes and the daily OTC coal broker indexes are posted here so all market participants can evaluate our results. Our "Methodology ...
Arch prepares for Illinois production re-entry
Henderson, KY (Platts)-- 2Oct2007-- Once a major Illinois Basin producer, Arch Coal is preparing a return to the familiar territory by acquiring about 157 million short tons of recoverable reserves and significant surface acreage in southern ...
Westmoreland extends Jewett pact with NRG
New York (Platts)-- 2Oct2007-- NRG Texas and Texas Westmore-land Coal have entered into a new 10-year agreement where NRG's Limestone power plant will continue to be supplied with lignite from the Westmo-reland subsidiary's Jewett mine ...
European market stays firm amid light trading
London (Platts)-- 2Oct2007-- After last week's flurry of activity, prices remained firm on Monday in spite of low levels of activity. "Everything is a little quiet," said one broker, "freight remains high, and people don't really ...
Platts Broker-Based Indexes for Coal and Emissions for October 1
Washington (Platts)-- 1Oct2007-- Platts weekly broker emissions indexes, along with its monthly broker emissions indexes and the daily OTC coal broker indexes are posted here so all market participants can evaluate our results. Our "Methodology ... |
