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.
|
|
Friday, 08 May 09
INDONESIAN STATE AUDIT BOARD COULD ONLY REACHED A SMALL NUMBER OF KP AND PKP2B - MAJALAHTAMBANG
THE LACK of personnel and the very limited time period have been the reasons why the 2nd semester of the special purpose audit for coal mining ...
Friday, 08 May 09
B.C.'S MINING INDUSTRY HIGH COAL PRICES TO RECORD 2008 PROFITS - PAGUNTAKA
AGGREGATE pre-tax earnings rose to $3.2 billion, the highest amount in the 41-year history of a PricewaterhouseCoppers survey.
B.C.’s minin ...
Thursday, 07 May 09
ASIA COAL-PRICES EASE TO NEAR $63 ON DEMAND CONCERNS - REUTERS
AUSTRALIAN thermal coal prices, a benchmark for Asia, edged lower to around $63 a tonne on concerns over demand, after hitting a two-week high of $6 ...
Thursday, 07 May 09
RICHARDS BAY COAL SHIPMENTS FALL MOST IN 9 MONTHS - BLOOMBERG
RICHARDS BAY Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments fell 24 percent last month, the biggest drop in nine mo ...
Tuesday, 05 May 09
NEWCASTLE PORT'S WEEKLY COAL EXPORTS INCREASE - BLOOMBERG
COAL shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 18 percent last week while the numb ...
|
|
|
Showing 6766 to 6770 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- VISA Power Limited - India
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Australian Coal Association
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Sojitz Corporation - Japan
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
|
| |
| |
|
