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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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Monday, 15 June 09
POWER PLANT SUFFERS FROM COAL CRISIS - THE STATESMAN
The 3,000 mw NTPC-Kaniha power plant, the second biggest in the country, is facing an unprecedented coal crisis with stocks dipping to a low of only ...
Saturday, 13 June 09
CLEARLY THE DRIVER FOR DRY BULK MARKET SEEMS TO BE IMPORTS BY CHINA - VISTAAR SINGAPORE
COALspot.com (Singapore): The market saw mixed results last week. The beginning of the week saw the indices dropping including the futures , however t ...
Friday, 12 June 09
SOUTH SUMATERA SPEEDS UP INTERNATIONAL HARBOR CONSTRUCTION - TEMPO INTERACTIVE
The South Sumatera Government will speed up construction of the international harbor Tanjung Api-Api. The harbor is a strategic entry point for comm ...
Friday, 12 June 09
CHINA SHENHUA NOT EYEING NEW FOREIGN COAL MINES - MEDIA
China Shenhua Energy Co Ltd , the top Chinese coal miner, will not consider buying any major overseas mines before it starts operating the Watermark ...
Friday, 12 June 09
CHINA TOP POWER COS SIGN REGIONAL COAL DEALS - REUTERS
China's top five power generating groups have signed 2009 coal supply contracts with miners in Guizhou and Xinjiang, with prices up 4 percent on th ...
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- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Planning Commission, India
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- PTC India Limited - India
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Therma Luzon, Inc, Philippines
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