We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 01 July 09
COAL INDIA SEEKS FASTER APPROVALS, IMPORTS, OVERSEAS MINERS
Coal India Ltd., the world’s biggest coal producer, wants mining approvals sped up to help it boost production to meet a widening supply short ...
Tuesday, 30 June 09
ARCELORMITTAL, RIO, 8 OTHERS VIE FOR COAL INDIA MINES
Coal India Ltd. short-listed ArcelorMittal, Rio Tinto Group and eight other companies to develop its abandoned mines to help ease a shortage of coal ...
Monday, 29 June 09
INDONESIA PLANS 20 PCT FOREIGN MINING SALE LAW
Indonesia plans to require foreign investors in mining firms to gradually divest shares starting from the fifth year of commercial production, but m ...
Monday, 29 June 09
CHINA ENJOYS STABLE COAL ECONOMY IN THE FIRST FIVE MONTHS OF 2009
In the first five months of the year, China's raw coal production had continued to rise, and coal market stayed in a balance in terms of supply-dem ...
Monday, 29 June 09
GOVERNMENT FINE TUNES MINING LAW
The government is planning to require all foreign-owned mining companies to divest 20 percent of their businesses to local entities after five years ...
|
|
|
Showing 6641 to 6645 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- Latin American Coal - Colombia
- VISA Power Limited - India
- GMR Energy Limited - India
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- The University of Queensland
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
|
| |
| |
|
