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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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Thursday, 07 January 10
RAMKY PLANS COAL MINING IN INDONESIA
Ramky Infrastructure Limited, a Hyderabad-based integrated infrastructure construction and development management company with strategic emphasis on ...
Thursday, 07 January 10
INDONESIAS COAL OUTPUT MAY RISE TO 309 MILLION TONS IN 2014 - BLOOMBERG
Indonesia’s coal production may rise to 309 million tons by 2014 from an estimated 250 million tons this year, Bambang Setiawan, director-gene ...
Wednesday, 06 January 10
RICHARDS BAY SAYS 46% OF COAL EXPORTS WENT TO EUROPE
Richards Bay Coal Terminal, through which almost all of South Africa’s coal exports are routed, said 46 percent of the coal it exported in 200 ...
Wednesday, 06 January 10
CHINA-AUSTRALIA INVESTMENT TIES SEEN IMPROVING IN 2010
Australia and China showed a united front in a bid to improve investment ties as they signed a $3-billion coal deal on Wednesday, following a rocky ...
Wednesday, 06 January 10
INVESTMENT IN MINING TO TOP $2.5B IN 2010
The government plans to invest US$2.5 billion in the mining sector, an official said Tuesday.
Bambang Setiawan, the director general of mineral r ...
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- GVK Power & Infra Limited - India
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- Economic Council, Georgia
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- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
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- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
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- The University of Queensland
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- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
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- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
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- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
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- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
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- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
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- Georgia Ports Authority, United States
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- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
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- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
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- Parliament of New Zealand
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
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- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
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- Kalimantan Lumbung Energi - Indonesia
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- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
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- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Minerals Council of Australia
- Romanian Commodities Exchange
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- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
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- Bhoruka Overseas - Indonesia
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- Asmin Koalindo Tuhup - Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
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- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Planning Commission, India
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
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- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
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- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
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