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Wednesday, 20 May 09
THE WORLD'S TOP COAL TRADING COMPANIES - REUTERS
.jpg) The international physical steam coal market has become increasingly liquid and tradeable during the past five years.
Physical global seaborne coal trade is likely to be over 700 million tonnes in 2009, up from 500 million in 2004, and to keep growing as world demand for coal rises, led by China and India.
End-users still buy the majority of their coal under term contracts but spot trade has boomed and changed in nature during the past two years.
As recently as 2007, most spot trades were simple bilateral deals involving two counterparties. The entry of traders, banks, funds and brokers into the market led to much greater liquidity. Chains of multiple counterparties are becoming the norm.
These new players are also seeking cleared trading of coal swaps and physical cargoes, to introduce some of the tools and methods long-established in the oil market.
Electronic trading platform globalCOAL has over 300 members but there are probably only 25-30 companies actively trading physical coal internationally, traders said.
Swiss-headquartered global commodity giant Glencore has dominated physical trade for over a decade but coal is now attracting other heavyweight oil traders such as Vitol, Trafigura and Mercuria.
Banks have been established players in coal swaps for several years but are becoming more active physical traders.
Morgan Stanley , Merrill Lynch and Macquarie Bank trade in both the Atlantic and Pacific markets. RBS Sempra, the joint trading venture between Royal Bank of Scotland and Sempra Energy were hampered by credit issues earlier this year but have more of a market presence now, traders said.
Since its acquisition of Constellation's coal trading team, Goldman Sachs has expanded its already active coal swaps business into a growing physical coal book.
EDF Trading, the London-headquartered subsidiary of Electricite de France, was the first European utility to develop a substantial coal trading book several years ago.
EDFT is one of the world's largest traders of physical coal and coal swaps, an example being emulated by other utilities which have set up trading arms.
RWE is growing its European coal trading business with a new Singapore office, and has been participating in supply tenders in new areas. RWE won a large chunk of the recent tender awarded by Mexican state utility CFE.
Dusseldorf-based E.ON Trading, a subsidiary of E.ON, the world's largest utility by sales, also aims to branch out from buying coal for its plants' consumption by setting up a separate coal trading book and team to trade physical coal and derivatives.
PHYSICAL COAL TRADING COMPANIES:
GLENCORE is as much a producer as it is a trader of coal through its 35 pct stake in global miner Xstrata Plc, which has coal mining interests in Australia, South Africa, Canada and Colombia. Glencore subsidiaries also own 70 pct of South African miner Shanduka Coal.
CARGILL is a Geneva-headquartered global producer and marketer of food, agricultural, financial and industrial products. Coal is a small part of Cargill's business but the group has been buying stakes in coal mines and developing an Atlantic and Pacific trading book for the past few years.
NOBLE GROUP, headquartered in Hong Kong, trades coal among other commodities. Noble is bidding to buy Australian miner Gloucester Coal Ltd.
VITOL GROUP, one of the world's largest oil traders, began trading coal in 2005 and has become one of the most active players in the Atlantic and Pacific markets. Vitol's turnover was $191.17 billion in 2008.
TRAFIGURA, also one of the world's largest independent oil traders, with turnover of $73 billion in 2008, recently hired two ex-Noble Group coal traders to start a coal book.
MERCURIA ENERGY GROUP LTD, one of the top 5 independent energy traders, already trades coal swaps and is seeking to hire physical coal traders.
LOUIS DREYFUS HIGHBRIDGE ENERGY LLC is headquartered in the U.S. and trades coal among other oil and energy products.
BULK TRADING SA is one of the Lugano-based independent trading companies which have been active players in coal trade globally for many years.
FLAME SA, established in 2003, is another Lugano-based independent energy trader active in Atlantic and Pacific physical coal trade.
PEABODY ENERGY is the world's largest private-sector coal company with 2008 revenues of $6.6 billion. Peabody trades physical coal and swaps from offices in the U.S., UK and in Asia.
UTILITY TRADERS OF PHYSICAL COAL:
EDF TRADING, London-based trading arm of Electricite de France.
RWE Supply & Trading, headquartered in Essen, Germany with offices in the UK and across Europe, acts as the hub of the RWE group's energy trading activities including gas, power and coal.
Dutch utility NUON, although a relatively small European utility compared to E.ON and EDF, became one of the most active traders of coal swaps and physical coal.
Essent, another Dutch utility, has been increasing its physical and swaps coal trade via its Swiss-based trading office.
BANK TRADERS OF PHYSICAL COAL:
MACQUARIE GROUP has been growing its physical and swaps trading business from offices in Australia and the UK.
Others are:
RBS Sempra Energy, Goldman Sachs, Morgan Stanley, Merrill Lynch
Deutsche Bank is due to start a physical coal trading book in June from its London offices.
Source: http://www.reuters.com/article/marketsNews/idUSLI62998020090519?sp=true
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Saturday, 30 May 09
COAL INDIA SIGNS FUEL SUPPLY AGREEMENT WITH NTPC - SINDHTODAY
India’s largest coal miner Coal India Friday inked a much-awaited fuel supply agreement (FSA) with power generation major NTPC Ltd.
In the ...
Friday, 29 May 09
INDONESIA PLANS "CLEARING HOUSE" FOR COAL - ALIBABA
Alibaba reported that, Indonesia, the world's biggest thermal coal exporter, plans to set up an agency similar to a clearing house to trade stocks ...
Friday, 29 May 09
INDIKA EYES MORE ACQUISITIONS - THE JAKARTA POST
Having nearly completed the acquisition of engineering and mining company PT Petrosea, energy company PT Indika Energy is preparing for more acquisi ...
Friday, 29 May 09
PTBA PAYS DIVIDENDS OF RP 371.5 A SHARE - THE JAKARTA POST
The annual shareholders' meeting of state-controlled coal producer PT Tambang Batubara Bukit Asam (PTBA) approved on Thursday the allocation of 50 ...
Thursday, 28 May 09
INDIANS CHOOSE SOUTH AFRICA COAL OVER INDONESIAN - MINEWEB (REUTERS)
South African cargoes are about $4 a tonne cheaper than Indonesian coal, as a result India now prefers South Africa .
Indian imports of South Afr ...
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- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Planning Commission, India
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Central Electricity Authority - India
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Parry Sugars Refinery, India
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