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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, 17 July 09
CHINA COAL-SPOT PRICES EDGE LOWER, SUPPLY APLENTY
China Mining reported that, spot prices in China's top coal shipping port Qinhuangdao edged lower from a week earlier, as supply grew, offsetting t ...
Friday, 17 July 09
THE NEW LAW OF MINERAL AND COAL MINING NO 4/2009 CREATE CONDUCIVE CLIMATE OF INVESTMENT IN INDONESIA
COALspot.com (Indonesia): The new Law of Mineral and Coal Mining No 4/2009, which replaces the old mining law No. 11/1967 has been signed by the Pre ...
Friday, 17 July 09
INDIA COAL TRADERS MUST OWN POWER, MINES - C&O BOSS
· Coal traders need to diversify to grow
· Coastal Energen to build first merchant power plant
· Tamil Nadu to see st ...
Friday, 17 July 09
CHINA SHENHUA ENERGY'S COAL OUTPUT SWELLS 17.6% IN H1
China Knowledge reported that, China Shenhua Energy Co Ltd, which is engaged in the coal mining, power generation and transportation businesses, on ...
Thursday, 16 July 09
CHINA ISSUES SECOND BATCH OF '09 EXPORT QUOTAS
China has issued 25 million tonnes of coal export quotas for the second batch this year, the National Development and Reform Commission said Wednesd ...
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- London Commodity Brokers - England
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- Baramulti Group, Indonesia
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- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
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- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
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- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
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- Australian Commodity Traders Exchange
- Bhatia International Limited - India
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- Kumho Petrochemical, South Korea
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- SN Aboitiz Power Inc, Philippines
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- Directorate Of Revenue Intelligence - India
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- Romanian Commodities Exchange
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- Ministry of Mines - Canada
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- LBH Netherlands Bv - Netherlands
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- Planning Commission, India
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- Indian Oil Corporation Limited
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- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
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- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
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- Petrochimia International Co. Ltd.- Taiwan
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- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
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- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
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- CNBM International Corporation - China
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
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- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Economic Council, Georgia
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- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
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- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
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- The Treasury - Australian Government
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- Globalindo Alam Lestari - Indonesia
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- New Zealand Coal & Carbon
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- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
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- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
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- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- The University of Queensland
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- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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