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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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Wednesday, 17 June 09
MINE BLAST KILLS NINE, BURIES DOZENS
A major mine explosion near Sawahlunto city, West Sumatra, Tuesday, killed at least nine people while more than 30 were buried and are feared ...
Tuesday, 16 June 09
INDIAN MINING WORKER ARRESTED IN BENGKULU
Forestry officials in Bengkulu Province, Sumatra, arrested one Indian national and two Indonesians on Sunday for unauthorized exploration in the ele ...
Tuesday, 16 June 09
INDIAN GOVERNMENT MAY ALLOW PRIVATE COMPANIES TO MINE COAL
The government is “strongly considering” to allow commercial coal mining by private companies in a bid to bridge the demand-supply gap, ...
Monday, 15 June 09
SAFRICA'S COAL TERMINAL EXPANSION DELAYED TO Q4
South Africa's Richards Bay Coal Terminal (RBCT) said on Monday the completion of a project to expand the export facility had been delayed to the f ...
Monday, 15 June 09
SHENHUA DENIES GIVING GROUND ON EXPORT COAL PRICE - REUTERS
China Shenhua Energy Co, the country's top coal producer, expects Japanese and South Korean clients to pay at least as much as Chinese customers fo ...
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- Parliament of New Zealand
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- Planning Commission, India
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- MS Steel International - UAE
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- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
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- Australian Coal Association
- White Energy Company Limited
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- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
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- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
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- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
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- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
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- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
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- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
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- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
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- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
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- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
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- Tata Chemicals Ltd - India
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- CNBM International Corporation - China
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Posco Energy - South Korea
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