We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 31 December 09
YANDICOOGINA BECOMES FIRST MINE IN AUSTRALIA TO PRODUCE 50 MILLION TONNES A YEAR
COALspot.com Press Release: Rio Tinto's Yandicoogina, Australia's largest-producing iron ore mine, has broken the 50 million tonne mark for annual ...
Wednesday, 30 December 09
INDIA CEMENTS TO FINALIZE 3 SHIPMENTS OF SOUTH AFRICAN COAL NEXT WEEK
COALspot.com (India): India Cements is looking for 3 shipments (150,000MT) of South African coal for January – March 2010 delivery on C ...
Wednesday, 30 December 09
BANPU EXPECTS STABLE COAL PRICES
2009 revenue growth will be hard to beat
Banpu Plc, Asean's largest coal miner, expects coal prices to stay firm at about US$80 per tonne in the f ...
Wednesday, 30 December 09
CIL DELISTS JAGUAR ENERGY FOR KODA LINKS
Coal India Ltd (CIL) has dropped Indonesia-based Jaguar Energy & Power Ltd from the list of companies, it intended to forge partnerships with to ...
Wednesday, 30 December 09
COAL PRICE RISE REQUEST DENIED
A proposal by the Viet Nam National Coal and Mineral Industries Group to double the price of coal has been turned down by the Ministry of Industry a ...
|
|
|
Showing 6131 to 6135 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- The University of Queensland
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
|
| |
| |
|
