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Wednesday, 03 June 09
IPL-2 OVER, INDIAN COAL LEAGUE BEGINS IN SOUTH AFRICA - ECONOMICTIME
 Steel, cement and power companies, which have traditionally relied on cheap Indonesian coal to fuel their factories, are rushing to buy South African coal—hitherto a premium commodity—attracted by a sharp fall in prices.
This has impacted the contracts that these companies have with Indonesian suppliers, leading them to liquidate the commodity at lower prices, said industry executives.
Indian importers spotted the opportunity in South African coal when the Richards Bay coal index—an index based on trends at the largest coal-export facility in South Africa—hit a low of $55.85 per tonne in March, compared to $176.8 in July 2008. Currently, the index price is about $57.3 per tonne.
"Demand for South African coal has risen due to a considerable fall in prices," said Sponge Iron Manufacturers Association executive director SS Bhatnagar, one of the largest users of coal.
"Moreover, South African coal is more suitable for the sponge iron industry than Indonesian coal because the latter has more volatile material."
The calorific content of coal from South Africa is very high, which implies that it has higher heating value. Coal from Richards Bay has a calorific value of 6,600 Kcal/kg while it is about 6,500 Kcal/kg for Indonesian coal. Coal from Indonesia has high moisture content, which makes the dry South African coal much more attractive.
Last year, India imported 10 million tonne coal from South Africa. The bulk of India's imports are from Indonesia, where prices have fallen but not to the same extent as in South Africa. Indonesian coal prices are currently at $55-58 per tonne.
Imports from South Africa will increase this year, traders said, but it is unclear by how much. Adani Enterprises, which currently imports 0.5 million tonne South African coal every month, expects it to rise to 0.7-0.8 million tonne, said Vinay Prakash, who heads its coal business unit.
The sharp drop in the price of the South African coal is mainly attributed to falling demand from Europe. Reports suggest that stockpiles at Richards Bay have climbed to 4.19 million tonne, the highest since March 2007.
The Coal and Oil Group president & CEO Ahmed Buhari is of the view that it is primarily cement and sponge iron manufacturers who are replacing Indonesian coal with the South African variety.
"On an evaluated per kcal of energy, South African coal works out to be quite cost-effective. However, some power producers will prefer Indonesian coal due to its low sulphur content and for environmental reasons," he observed.
Source:http://economictimes.indiatimes.com/News/News-By-Industry/Indl-Goods--Svs/Metals--Mining/IPL-2-over-Indian-Coal-League-begins-in-South-Africa/articleshow/4610765.cms
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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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- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- The University of Queensland
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Australian Coal Association
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Planning Commission, India
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
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