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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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Sunday, 26 April 09
INDONESIAN GOVT SAYS COAL MINES CAUSE WEEKLONG FLOOD - THE JAKARTA POST
Samarinda administration in East Kalimantan admitted openly Thursday that the weeklong flood that paralyzed the city was caused by unruly management ...
Saturday, 25 April 09
FOREIGN SHARE DIVESTMENT STARTING THE 6TH YEAR OF PRODUCTION - MAJALAH TAMBANG
The government would set a divestment scheme for foreign miners, which would require companies to divest their ownership starting the 6th year of pr ...
Saturday, 25 April 09
INDO TAMBANGRAYA MEGAH ALLOCATED USD 126 MILLION FOR CAPITAL SPENDING - MAJALAH TAMBANG
Somyot Ruchirawat, President Director of PT Indo Tambangraya Megah, Tbk (ITMG), has announced the company's total dividend payment of Rp 1,345 per ...
Saturday, 25 April 09
MINING SECTOR IS STILL ON THE SURPLUS - THE JAKARTA POST
The global financial crisis is apparently also having an impact on the mining sector. People are thinking twice about investing in the mining sector ...
Saturday, 25 April 09
ADARO RUNS CATARACT OPERATION PROGRAM - THE JAKARTA POST
As part of its CSR program, thermal coal producer PT Adaro Indonesia has made cataract operations available to residents of Tandjung district, South ...
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- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Australian Coal Association
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
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