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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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Wednesday, 14 October 09
INDONESIA MULLS TO LIMIT COAL EXPORT
China View reported that, The Indonesian government planned to limit coal export of up to 150 million tons per year due to the growing coal demand i ...
Wednesday, 14 October 09
SA'S COAL OUTPUT LIKELY TO RISE BY 2011, BOOSTED BY WATERBERG MINES
Mining weekly reported that, South Africa's coal production will struggle to meet demand over the next few years, but coal production could likely ...
Tuesday, 13 October 09
INDONESIA'S BAYAN SEES 2010 COAL OUTPUT UP 42 PCT
Reuters reported that, Indonesian coal miner PT Bayan Resources Tbk (BYAN.JK) said on Tuesday it expects its coal output to increase by 42 percent i ...
Tuesday, 13 October 09
STRAITS ASIA UPBEAT ON MEETING 2009 COAL OUTPUT
Reuters reported that, Singapore-listed coal miner Straits Asia is still optimistic about meeting its coal output target of 9 million tonnes this ye ...
Tuesday, 13 October 09
THERMAL COAL DEMAND IN CHINA DRIVES PRICE INCREASES
Metal Miner reported that, Thermal coal prices have been falling this year; contrary to many other commodities, both metals and energy that hit bott ...
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- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
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- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
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- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
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- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
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- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
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- GMR Energy Limited - India
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- Goldman Sachs - Singapore
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- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
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- Formosa Plastics Group - Taiwan
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- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
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- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
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- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
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- Power Finance Corporation Ltd., India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
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- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
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- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
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- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Australian Coal Association
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- Attock Cement Pakistan Limited
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- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
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- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
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- Thiess Contractors Indonesia
- The University of Queensland
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- Global Green Power PLC Corporation, Philippines
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- SMG Consultants - Indonesia
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- Central Electricity Authority - India
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- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
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- Therma Luzon, Inc, Philippines
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
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- Wilmar Investment Holdings
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
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- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
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- International Coal Ventures Pvt Ltd - India
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- Billiton Holdings Pty Ltd - Australia
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- South Luzon Thermal Energy Corporation
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- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
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