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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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Tuesday, 07 July 09
RICHARDS BAY TERMINAL COAL EXPORTS ROSE 7.2% IN JUNE
Richards Bay Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments rose 7.2 percent in June from a year earlier.
Export ...
Tuesday, 07 July 09
Q+A - INDONESIA MINING SECTOR FACES ELECTION RISKS - REUTERS
Indonesia has struggled to lure foreign investment to its mining sector in recent years, and the nationalist line on resource exploitation taken by ...
Tuesday, 07 July 09
INDIKA ENERGY COMPLETES THE ACQUISITION OF PETROSEA
TAMBANG reported that, PT Indika Energy, Tbk has officially announced that it has completed the acquisition of PT Petrosea, Tbk. from Clough Interna ...
Tuesday, 07 July 09
RUSSIAN AUDITORS ATTACK COAL EXPORTERS OVER PRICING
Russia's budget is losing substantial revenues because the country's exporters ship coal overseas at artificially low prices through various offsh ...
Tuesday, 07 July 09
RBCT COAL EXPORTS TO REMAIN BELOW CAPACITY IN 2009
Coal volumes railed to South Africa’s Richards Bay Coal Terminal are continuing to fall far short of the corridor’s nameplate yearly cap ...
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- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
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- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
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- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
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- Wilmar Investment Holdings
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- Central Electricity Authority - India
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
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- Formosa Plastics Group - Taiwan
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- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Parliament of New Zealand
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- CNBM International Corporation - China
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Economic Council, Georgia
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- Ministry of Finance - Indonesia
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- Parry Sugars Refinery, India
- Energy Development Corp, Philippines
- ASAPP Information Group - India
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- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
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- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
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- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
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- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
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- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
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- Power Finance Corporation Ltd., India
- White Energy Company Limited
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- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
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- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
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- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
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- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
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- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
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- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
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- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
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