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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, 03 December 09
COAL INDIA IPO LIKELY TO HIT MARKETS BY NOVEMBER 2010
Soon investors will get to own a slice of India's largest coal mining company. Coal India its initial public offering will hit markets in November ...
Thursday, 03 December 09
PROLONGED COAL MARGIN SQUEEZE AHEAD - WESCOAL
Mining Weekly reported that, Coal junior Wescoal foresees a continued margin squeeze ahead. The JSE AltX-listed company's gross margin was reduced ...
Tuesday, 01 December 09
COAL DEMAND REBOUNDING FROM DOWNTURN - U.S. MINING EXECS
The coal industry is slowly rebounding from last year's recession with demand and prices inching upward, although inventories at U.S. power ...
Tuesday, 01 December 09
INDONESIA COAL OUTPUT SEEN LIFTED BY CHINA, INDIA
Reuters reported that, Indonesia's coal output is expected to grow by as much as 12 percent in 2010, boosted by demand from power hungry China and ...
Monday, 30 November 09
NTPC SCOUTS FOR MORE COAL BLOCKS IN INDONESIA
State-run National Thermal Power Corporation (NTPC) today said it has identified three more coal blocks in Indonesia for acquisition.
"We ha ...
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- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
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- Economic Council, Georgia
- Energy Link Ltd, New Zealand
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- PNOC Exploration Corporation - Philippines
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- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
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- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
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- Karbindo Abesyapradhi - Indoneisa
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- Bukit Asam (Persero) Tbk - Indonesia
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- Independent Power Producers Association of India
- London Commodity Brokers - England
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- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
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- European Bulk Services B.V. - Netherlands
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- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Jaiprakash Power Ventures ltd
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- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
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- Antam Resourcindo - Indonesia
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- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- CNBM International Corporation - China
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- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
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- The University of Queensland
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- Bahari Cakrawala Sebuku - Indonesia
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- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
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- Banpu Public Company Limited - Thailand
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- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
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- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
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- India Bulls Power Limited - India
- Australian Coal Association
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- Aditya Birla Group - India
- MS Steel International - UAE
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
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- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
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- Larsen & Toubro Limited - India
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- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
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- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
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- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
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- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
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