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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, 16 July 09
NTPC TO ENGAGE BANKERS TO ACQUIRE OVERSEAS COAL MINES
The Hindu reported that, State-run power generation company NTPC said it would appoint merchant bankers next month for acquiring coal mines identifi ...
Thursday, 16 July 09
JAPAN'S J - POWER STARTS OPS AT NEW 600 MW COAL UNIT
Reuters, a worlds leading news agency reported that, Electric Power Development Co (J-Power) said on Thursday it started commercial operations at it ...
Thursday, 16 July 09
DELIVERY OF COAL MINE EXPLORATION THROUGH NEWCASTLE PORT ROSE 11 PERCENT
July 16th, 2009 Newcastle is a port in Australia that provides services in the delivery of coal from Australia to other countries. Newcastle port ha ...
Thursday, 16 July 09
CIL KEEN ON JOINT VENTURES
* Targets to raise production by 10 m tonnes by 2012
* Plans to tap reserves of abandoned mines
The Hindu, an Indian news paper reported that, t ...
Wednesday, 15 July 09
COAL INDIA INVITES EOI FOR COAL MINING IN FOREIGN COUNTRIES
Economict Tmes reported that, Coal India, a leading PSU with a status of Navratna, today, invited Expression of Interest for selection of strategic ...
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- Indonesian Coal Mining Association
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- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- PTC India Limited - India
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- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
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- Petron Corporation, Philippines
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- The State Trading Corporation of India Ltd
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- Merrill Lynch Commodities Europe
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- Africa Commodities Group - South Africa
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- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
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- Gujarat Sidhee Cement - India
- White Energy Company Limited
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- Australian Coal Association
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
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- Indian Oil Corporation Limited
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- Global Green Power PLC Corporation, Philippines
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- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- Planning Commission, India
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
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- PowerSource Philippines DevCo
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- Price Waterhouse Coopers - Russia
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- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
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- Energy Link Ltd, New Zealand
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- Orica Mining Services - Indonesia
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- Bulk Trading Sa - Switzerland
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- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Indian Energy Exchange, India
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- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
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- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
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- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
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- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
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- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
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- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
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