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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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Friday, 04 December 09
KALIMANTAN GOLD AGREES TO SELL IBP COAL CONCESSION
COALspot.com ( Press Release): Kalimantan Gold Corporation Limited ("KLG" or the "Company"), which undertook drilling and had an ...
Friday, 04 December 09
JSW ENERGY TO BUY OUT PARENT FIRM'S COAL BLOCK
JSW Energy plans to buy the stake held by JSW Steel in a thermal coal block in Mozambique in an attempt to become an integrated energy company with ...
Thursday, 03 December 09
JAPAN 2010 COAL IMPORTS SEEN FLAT, INDIA'S ROBUST - INDUSTRY
* Japan's demand seen steady in 2010 at 110 mln tonnes
* India's demand seen as robust, at 70 mln tonnes
Reuters reported that, Thermal coal i ...
Thursday, 03 December 09
INDONESIA MAY ALLOW COAL SALES BELOW GOVT PRICE
Reuters reported that, Indonesia is considering giving producers some flexibility to sell coal below the government's monthly benchmark price to co ...
Thursday, 03 December 09
INDONESIA SEEKS TO INCREASE COAL SHIPMENTS TO INDIA, CHINA
Bloomberg reproted that, Indonesia, Asia’s biggest coal exporter, seeks to increase shipments to India and China as the economies improve and ...
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- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
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- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
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- Baramulti Group, Indonesia
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- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
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- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Minerals Council of Australia
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- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- PTC India Limited - India
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- Parliament of New Zealand
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- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
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- White Energy Company Limited
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- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
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- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
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- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
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- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
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- Therma Luzon, Inc, Philippines
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
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- SMC Global Power, Philippines
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- International Coal Ventures Pvt Ltd - India
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- Sree Jayajothi Cements Limited - India
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- Attock Cement Pakistan Limited
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- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
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- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
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- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- MS Steel International - UAE
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Australian Coal Association
- India Bulls Power Limited - India
- Marubeni Corporation - India
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- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
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- Indogreen Group - Indonesia
- CNBM International Corporation - China
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- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
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