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Thursday, 04 June 09
PAKISTAN TO IMPORT MORE COAL FROM INDONESIA - SEATRADE
COALspot.com (Pakistan): Richards bay to Pakistan sea freight has touched US$ 20.00 for 40,000/10 pct steam size in June 2009. South African coal being offered to Pakistan at US$ 85.00 / 87.00 levels.
" Due higher freight from South Africa to Pakistan, the cement mills in Pakistan are preferring now to go back to Indonesia where sea freight still at US$16/17 levels and coal price is in mid sixties ( US$65.00) fob basis and which is worked out to US$ 82 / 83 CIF Pakistan", said Mr.Muhammad Najib Balagamwala, Chairman of Seatrade Pakistan, the single largest coal importer in Pakistan.
“The demand of coal is still high despite 12 - 13 handy max vessels or about 450,000 – 600,000 MT of coal are expecting to arrive in June and we expect another 12 - 13 handy max vessels in July” added Mr. Najib.
Out of 13 vessel in June and 12 vessels in July, total 20 vessel load cargo is imported by Seatrade for their Clients in Paksitan.
The demand for coal is increasing in Pakistan as pakistan moving ahead to produce 35 million tons of cement in 2009. Hence the imports of coal is expected to touch 3,8 – 4 million ton in 2009.
Flame, an European coal trading house is supplying Bukit Asam’s coal to Pakistan. Bukit Asam’s coal loading terminal is located in Sumatra island which is having freight advantage to Pakistani buyers. In addition to lower freight from Tarahan coal terminal, Bukit Asam’s coal also containing higher calorific value which is preferred by cements mills in Pakistan.
However, chairman of Seatrade is of the view that, south African prices will come down in end June / July to reasonable levels and then south African coal price on CIF Paksitan basis, become more competitive and affordable.
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Tuesday, 16 February 10
LAW POSES THREAT TO INDONESIA'S COAL INDUSTRY
A zoning law could cost coal miners billions of dollars this year alone, hurt investment in the industry and disrupt the supply of the fuel to the c ...
Tuesday, 16 February 10
KPMG PENS 6-POINT STRATEGY FOR COAL INDIA RESTRUCTURING
Coal India Ltd (CIL) has appointed KPMG Advisory Services Pvt Ltd to advise on consolidating its position as the country’s prime energy provid ...
Monday, 15 February 10
MINING LAW TO BE REVISED
Law No. 4 of 2009 on mineral and coal mining will be revised after a working visit of the Bangka Belitung (Babel) Provincial legislative assembly (D ...
Monday, 15 February 10
EURO COAL PRICES SOFTEN AS CHINESE LUNAR NEW YEAR HOLIDAYS START
Prices of prompt cargoes of coal for delivery into Europe weakened last week on a lack of European demand and market nerves over the possible impact ...
Monday, 15 February 10
INDONESIAN COAL SUFFERS SETBACK AS SUMATRA RAIL LINE HELD UP AGAIN
State-owned coal miner PT Tambang Batubara Bukit Asam’s $1.06 billion rail project in Sumatra faces more delays, and the cost of the project i ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
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- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
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- Samtan Co., Ltd - South Korea
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- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
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- Mjunction Services Limited - India
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
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- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
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- European Bulk Services B.V. - Netherlands
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- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
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- VISA Power Limited - India
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
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- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
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- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
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- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
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- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
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- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Australian Coal Association
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- Thai Mozambique Logistica
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- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
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- Ministry of Finance - Indonesia
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- AsiaOL BioFuels Corp., Philippines
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- Singapore Mercantile Exchange
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- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
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- Planning Commission, India
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- Economic Council, Georgia
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