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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, 14 September 09
INDONESIAN GOVT UPBEAT ABOUT $1.5B, 185-KM COAL RAILWAY PROJECT
In addition to a 30-year concession right, the government will also award a competitive pricing scheme as an incentive to lure investors in a US$1.5 ...
Monday, 14 September 09
BOOM FORECAST FOR COAL OUTPUT
SMH.com reported that, A COAL investment boom is driving Australian production to new peaks even as our biggest export markets shift towards cleaner ...
Sunday, 13 September 09
COAL INDIA MAY ACQUIRE ASSETS OF RIO TINTO
Coal India’s plan to acquire overseas mining assets is gathering steam. After a breakthrough in Mozambique, the coal behemoth has received&nbs ...
Saturday, 12 September 09
THE INDIA / FAR EAST SEEMS WILL CONTINUE TO BE SOFT UNTIL THE IRON ORE MOVEMENTS PICKS UP - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market continued to be stable at almost as same levels as last week and the BDI was at 2,468 points.
...
Saturday, 12 September 09
GOVT REQUESTS MORE TIME TO ACQUIRE 21% SHARES IN NNT
The Jakarta Post reported that, the government plans to request a postponement for the acquisition of 21 percent shares in PT Newmont Nusa Tenggara ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Australian Coal Association
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
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