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Thursday, 11 October 12
SINGAPORE BASED COAL SOURCE AND SHIPPING BAGS 300K MT IMPORTED COAL SUPPLY CONTRACT FROM TNPL
COALspot.com - India-based paper manufacturer Tamil Nadu Newsprint and Papers Limited has awarded a tender for 300,000 mt of imported steam coal to Singapore-based Coal Source and Shipping Pte Ltd at $77.60 CNF Tuticorin last week, according to a trader from India.
According to tender requirement, Coal Source and Shipping Pte Ltd will supply coal in six shipments of about 50,000 mt each from November 2012 to March 2013.
According to one of the participated trader, total nine company’s manual bids have been opened after closing of E-bidding. The trader further said, an Indian based CEPL has offered lowest prices (US$ 78.50) in manual bid followed by Kyori (US$ 79.50), Nahel (US$ 79.80), Gupta (US$ 85.91), Knowledge infrastructure (US$ 88.95), Coal Source and shipping (US$ 98.00), MSTC (US$ 99.50), Anik Industries (US$ 102.75) and Chettinad Logistics (US$ 108.00)
However, Singapore based, Coal Source and Shipping Pte Ltd ‘s E-bidding price was lowest among the other bidders and secured the business at US$ 77.60 / MT CNF Tuticorin to supply 6000 GAD calorific value coal with 15% total moisture coal, our sources said.
TNPL over the period of several years got the exposure and experiencing the market pulse so well and pitching their next move intelligently to secure the best of the world. TNPL tender terms say, the winner will be selected based on the lowest bid either from e-tender or sealed manual tender price.
The port of discharge will be Tuticorin which can accept up to Panamax shipments.
According to the tender norms, the quality of coal should be Gross Calorific Value (adb) 6000 Kcal/Kg basis and will be rejected if GCV on air dried basis is below 5600 kcal/kg. In the meantime, the Inherent Moisture (adb) of coal should be around 10 pct, Total Moisture (arb) 15 pct but acceptable up to 23 pct with penalty. The Ash content (adb) 8 pct max , Sulphur (ADB) 0.8 pct max and Volatile Matter (adb) 25 to 45 pct and above 45 pct will be rejected.
Adani Enterprises, TNPL’s existing supplier, who has won the tender to supply 300K mt of non coking coal at $81/mt CNF Tuticorin in May 2012, for shipment between June and November 2012.
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Wednesday, 19 September 12
CHURCHILL STRENGTHENS LITIGATION TEAM WITH APPOINTMENT OF NICHOLAS SMITH AS MANAGING DIRECTOR
COALspot.com - Churchill Mining PLC (AIM: CHL) has announced that, Mr Nicholas Smith has joined the board of the Company and has been appointed as t ...
Wednesday, 19 September 12
DRY BULK TERMINALS SINGAPORE
Press Release - Dry bulk terminals are used all around the world to handle large quantities of bulk materials, like minerals, grains, etc. In today& ...
Tuesday, 18 September 12
JORC CODE REVISION - EXPOSURE DRAFT RELEASED FOR COMMENT
COALspot.com - The Australasian Joint Ore Reserves Committee (JORC) has today released for public comment the exposure draft of the JORC Code (2012) ...
Monday, 17 September 12
YEAR TO DATE, BUMA PRODUCED 231.1 MILLION BCM OF OVERBURDEN
COALspot.com - PT. Delta Dunia Makmur Tbk has removed 31.5 million bcm (+6.0 percent YoY) overburden in August 2012 totaled 31.5 million bcm ( ...
Sunday, 16 September 12
GLOBAL LOW DEMAND ; INDONESIA COAL AND CFR SOUTH CHINA COAL SWAPS DIP
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for November 2012 delivery lost 1.345 percent W-O-W on Friday, 14 September 2012, closing but gai ...
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- Baramulti Group, Indonesia
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- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
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- Asmin Koalindo Tuhup - Indonesia
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- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
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- Africa Commodities Group - South Africa
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- Directorate Of Revenue Intelligence - India
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- Renaissance Capital - South Africa
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- MS Steel International - UAE
- Semirara Mining Corp, Philippines
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- Bhatia International Limited - India
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- Standard Chartered Bank - UAE
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- The University of Queensland
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- Siam City Cement - Thailand
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- Petron Corporation, Philippines
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
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- Timah Investasi Mineral - Indoneisa
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- Georgia Ports Authority, United States
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- Bayan Resources Tbk. - Indonesia
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- Samtan Co., Ltd - South Korea
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- Tamil Nadu electricity Board
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- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
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- Chamber of Mines of South Africa
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- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
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- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
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- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Rio Tinto Coal - Australia
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- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
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- GMR Energy Limited - India
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- Trasteel International SA, Italy
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- The Treasury - Australian Government
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- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Planning Commission, India
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- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
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