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Monday, 20 September 10
MMTC SEEKS TO BUY 1.3 MT OF COAL FOR INDIA UTILITIES - SXCOAL
 MMTC Ltd., India’s largest state- owned trading company, is seeking bids for the supply of 1.3 million tonnes of coal to feed power plants run by NTPC Ltd. and other government utilities, an MMTC official said.
The fuel, which will be supplied from Indonesia over six months starting Nov, will have a calorific or heating value of 6,300 kilocalories, said the official, who declined to be identified because he isn’t authorized to speak to the media.
India’s thermal coal imports rose to 44 million tonnes in the year ended Mar 2010 from 38 million tonnes a year earlier, according to data from the nation’s coal ministry. The International Monetary Fund revised India’s 2010 economic growth forecast in Jul to 9.4 percent from its earlier prediction of 8.8 percent in Apr.
The coal will be used in power plants located in northern and central India, the official said.
MMTC has asked for 300,000 tonnes of coal for the Bhilai plant operated by a venture between NTPC, India’s largest power producer, and the Steel Authority of India Ltd., 360,000 tonnes for a venture between NTPC and the Haryana state utility in Jhajjar, 175,000 tonnes for the Haryana utility and 500,000 tonnes for the Uttar Pradesh state utility, the official said.
Tender documents for the two NTPC facilities will be opened on Sep 23 and the rest on Sep 28, the official said.
Source: sxcoal
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Wednesday, 22 September 10
DRY BULK MARKET SENTIMENT TURNS SOUTH AS IRON ORE DEMAND DECLINES
The dry bulk market has once again turned the tide, with the industry’s benchmark, the Baltic Dry Index (BDI) turning south during the previou ...
Monday, 20 September 10
KANGAROO RESOURCES SIGNS PARTNERSHIP WITH ASEAMCO FOR INDONESIAN COAL ASSETS - PROACTIVE INVESTORS
International coal producer Kangaroo Resources (ASX: KRL) has completed a new three-year agreement with Australian mining consultants ASEAMCO to del ...
Monday, 20 September 10
ICVL LOOKS FOR COAL ASSETS IN UZBEK, INDONESIA, AUSTRALIA - ECONOMIC TIMES
Economic Times reported that, International Coal Ventures, or ICVL, the special purpose vehicle floated by five state-owned firms to scout for coal ...
Monday, 20 September 10
IRON-ORE SHIPPING DEMAND MAY GAIN ONCE CHINA STEEL CUTS FINISH, SSY SAYS
Demand to transport iron ore may rebound once China ends steel-production cuts and steel prices may gain in the next several months because of the r ...
Saturday, 18 September 10
ECI / CHINA FREIGHT ROUTE DOWN BY 1.22 PCT OR US$ 225 PER DAY AND CLOSED AT US$ 18,123 PER DAY - VISTAAR
COALspot.com: The BDI was under pressure this week and was almost down by 11 pct and closed at 2676 points.
The Cape and Panamax index was almost ...
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