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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 African coal in 2009 could be considerably higher than last year's 10 million tonnes because many buyers who formerly favoured Indonesian coal are switching to currently cheaper South African material, Indian trade importers said.
South African cargoes are about $4 a tonne cheaper than Indonesian coal.
"It's too early to predict accurately how much more South African coal will come to India this year but I can say that most of my clients who always took Indonesian coal are asking for South African instead," one of India's largest trader importers said.
India is expected to import over 40 million tonnes of coal in 2009 in total, most of which will come from Indonesia to supply power plants. The remainder will be from South Africa and Australia with a few cargoes from Russia.
India has become a vital buyer of South African coal in 2009 because demand in South Africa's major market, Europe, has shrunk due to falling industrial power consumption.
South African producers have more coal for export than forecast in January and are heavily dependent on Indian buying to absorb spot cargoes, producers admit.
Power generators have been taking lower energy content, lower-priced Indonesian coal under term contracts for a few years but surging demand for power has forced them to increase spot buying.
ALL ABOUT PRICE
Until two months ago, generators bought spot Indonesian coal because it was the cheapest option on a delivered basis. Some recent tenders by state utilities saw Indonesian offered CIF at prices below $50.00 a tonne.
Now, South African coal is $4.00 or more a tonne cheaper and state utilities and private power plants are seeking Richards Bay cargoes, traders said.
"The Indonesian prices are not competitive into India from most suppliers right now," another Indian trader said. "They are getting very good prices from China and focussing on that market," he said.
There are two basic types of Indonesian coal sold into India - bituminous and sub-bituminous. The highest-cost, highest energy-content Indonesian bituminous coal is being offered at $55.00-$56.00 a tonne FOB plus freight of around $15.00, traders said.
This coal typically has a higher moisture content than South African coal of a similar calorific value so it is more economic to ship South African rather than pay freight to ship water, traders said.
Prompt South African cargoes are currently bid at $52.50 a tonne FOB Richards Bay for June loading.
"The Indian market is all about price rather than quality," one trader said. "While South African can be delivered more cheaply than Indonesian the end-users will keep switching but as soon as the situation is reversed they will change again."
Source: http://www.mineweb.com/mineweb/view/mineweb/en/page36?oid=83939&sn=Detail
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Tuesday, 09 February 10
EURO COAL-PROMPT SLIDES WITH OIL PRICES
* April S.African cargo trades at $83.50/T FOB, unchanged
* April DES cargo trades at $74.75 a tonne, down $1/T
* Russia's Kuzbassrazrezugol sees ...
Monday, 08 February 10
BLACK RIDGE MINING APPOINTS INDEPENDENT CONSULTANT
Australian-listed Black Ridge Mining has announced the appointment of David Tuit as an independent consultant to assist with the assessment of the c ...
Monday, 08 February 10
SOUTH AFRICAN EXPORT COAL RISES FOR FIRST TIME IN FOUR WEEKS
Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, posted their first gain ...
Monday, 08 February 10
NTPC HOPES TO START ON 500-MW PROJECT IN SRI LANKA BY FEB-END
NTPC sources told Business Standard, “All formalities from our government and NTPC have been completed.
The opinion of the Sri Lankan atto ...
Sunday, 07 February 10
AN AUSTRALIAN FIRM HAS SIGNED A $60BN DEAL TO SUPPLY COAL TO CHINESE POWER STATIONS
Clive Palmer, chairman of the company, Resourcehouse, said it was Australia's "biggest ever export contract".
Under the deal, the firm ...
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- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
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- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
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- PTC India Limited - India
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
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- The University of Queensland
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- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
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- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
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- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
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