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, 27 February 09
WIKA TO ACQUIRE MINING COMPANY
The Jakarta Post reported that, Public listed state construction firm PT Wijaya Karya (Wika) is to acquire a mining contracting firm in the first se ...
Friday, 27 February 09
COASTAL ENERGEN INKS PACT WITH CHINESE FIRM FOR POWER EQUIPMENT
My Digital Fc reported that, Dubai-based Coal and Oil Group, which is setting up a 1,200MW thermal power plant in Tamil Nadu, has tied-up with China ...
Thursday, 26 February 09
GMR INFRA COMPLETES INDONESIAN BUY
Blonnet reported that, GMR Infrastructure Ltd today confirmed the acquisition of an Indonesian coal mining company for a consideration of $80 millio ...
Wednesday, 25 February 09
INDONESIAN GOVERNMENT TO REGULATE MINIMUM COAL SELLING PRICES
The Jakarta Post reported that, To complement the recent enactment of the new mining law, the government is preparing to introduce a coal pricing in ...
Thursday, 19 February 09
GEOTHERMAL ENERGY DOMINATES 10.000 MW POWER PROJECT - ESDM
The role of coal as a source of energy is superseded by geothermal energy to power the second phase of the 10.000 megawatt (MW) power plant project. ...
|
|
|
Showing 6861 to 6865 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
|
| |
| |
|
