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Thursday, 15 April 10
MAJOR THERMAL COAL CONTRACT AT 40% HIGHER PRICE THAN LAST YEAR - BUSINESS STANDARD
Business-Standard reported that, India is expected to import nearly 60 million tonnes of thermal coal this year.
After coking coal and iron ore, thermal coal supply contracts have now been signed at a much higher price than last year. Recently, term contracts for Newcastle coal were signed at $97-98/mt between producer Xstrata and Japan’s Chubu Electric for 2010-2011, about 40 per cent higher than last year. These were initial contracts. Thermal coal is used by power plants.
Initial expectations were that contracts for thermal coal would be signed at $85-90 a tonne. Last year, thermal coal contracts were settled at $70 a tonne.
James O’Connell, managing editor, Platts, the premier agency that tracks the energy sector, said: “This initial contract is assumed by many to be a benchmark, especially when it is between two such big players.”
Some Japanese utilities link prices of their contracts to the global COAL index. Hence, they do not negotiate an annual price, just an annual tonnage contract. However, according to James: “Bumi Resources, Indonesia’s largest coal producer, told Platts that one of its two coal producing units, Kaltim Prima Corp, settled an FY10 contract with a major Japanese thermal coal buyer at $104/tonne FoB.”
India is expected to import nearly 60 million tonnes of thermal coal this year. MMTC and Adani Enterprises are major importers.
Thermal coal spot prices, ruling around contract prices at present, are unlikely to move up further. According to industry sources, China is presently not in the market and subdued imports from the neighbouring country mean prices will remain capped.
Jigar Shah, head of research, KIM ENG Securities India, said: “This is an initial contract and most of India’s thermal coal imports are from Indonesia. The prices at which they are negotiated will be crucial for Indian power and cement plants which import coal.” Many new private sector power companies import thermal coal. Most of India’s coal imports come from Indonesia and South Africa.
Source: Business-Standard (By: Rajesh Bhayani)
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Thursday, 01 April 10
PROFIT AT TWO INDONESIAN COAL MINERS SOARS AS RECOVERY STIRS GREATER DEMAND, HIGHER PRICES - THE JAKARTA GLOBE
The Jakarta Globe reported that, Two of the country’s biggest coal producers enjoyed a surge in profit last year as prices rose and demand pic ...
Thursday, 01 April 10
BHP BILLITON TO SELL STAKE IN MARUWAI TO ADARO - THE JAKARTA POST
The Jakarta Posted reported that, BHP Billiton has agreed to sell 25 percent of its stake in the Maruwai Coal Project in Kalimantan to Indonesia&rsq ...
Thursday, 01 April 10
AUSTRALIAN COAL PRODUCER REJECTS $3 BILLION PEABODY OFFER - STL TODAY
STL today reported that, Australian coal producer Macarthur Coal Ltd. rejected a $3 billion cash takeover bid from Peabody Energy Corp., which seeks ...
Thursday, 01 April 10
TATA POWER EYES MORE COAL FROM INDONESIA FOR ITS FUTURE PLANTS - FINANCIAL EXPRESS
Financial Expressreported that, Tata Power, one of the largest private sector power utilities in the country with interests in generation, transmiss ...
Wednesday, 31 March 10
COAL INDIA MULLS JOINT VENTURE WITH RIO TINTO AND PEABODY - DNA
DNA reported that, Coal India Ltd. (CIL) has finalised two key contenders for its international joint venture (JV) in Australian and US each. The co ...
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- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- PTC India Limited - India
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
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