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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 $52.50 a tonne FOB Richards Bay for June loading.
"The Indian market is all about price rather than quality," one trader said. "While South African can be delivered more cheaply than Indonesian the end-users will keep switching but as soon as the situation is reversed they will change again."
Source: http://www.mineweb.com/mineweb/view/mineweb/en/page36?oid=83939&sn=Detail
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Monday, 07 December 09
VEDANTA RESOURCES ISSUES TENDER TO IMPORT 2.25 MILLION COAL
COALspot.com (India): Vedanta Resources plc is a London stock exchange listed FTSE 100 diversified metals and mining major with revenues in excess o ...
Monday, 07 December 09
CHINA COKING COAL PRICE MAY RISE 14% ON DEFICIT, CITIGROUP SAYS
Coking coal prices in China, the world’s biggest steel producer, may rise 14 percent next year because of a supply deficit, Citigroup Inc. sai ...
Monday, 07 December 09
JSW STEEL TO SELL MOZAMBIQUE COAL MINE FOR RS 300 CRORE
JSW Steel may sell its coal mine in Mozambique to sister company JSW Energy as the mine has become commercially unviable for the steel producer, a t ...
Monday, 07 December 09
BLACK RIDGE MINING ENTERS AGREEMENT WITH INDONESIAN COAL PRODUCER
Australian-listed Black Ridge Mining has entered into an exclusive dealing and non-circumvention agreement with Indonesian coal producer PT. Inmas A ...
Sunday, 06 December 09
THE ECI / CHINA (S7) ROUTE SOFTENED AND WAS AT US$ 25,275 PER DAY - VISTAAR
COALspot.com (Singapore): "The market was bit soft in the beginning of the week, however towards mid week that market started to pick up and th ...
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- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
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- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
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- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
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- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- White Energy Company Limited
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
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- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Wilmar Investment Holdings
- Aditya Birla Group - India
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- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- MS Steel International - UAE
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- CNBM International Corporation - China
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
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- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
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