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Thursday, 25 June 09
INDIA'S ULTRATECH BUYS 500,000T S.AFRICA COAL
 Indian cement maker Ultratech has bought 10 handymax cargoes of South African coal at $73.00-$74.00 a tonne CIF for July-September delivery, Indian traders said.
Ultratech is one of the Indian cement producers which favours South African coal over cheaper, lower energy-content Indonesian material. Ultratech usually buys 50,000 tonne handymax-size cargoes for delivery into Chennai.
"This tender saw extremely aggressive offers by some parties which give a South African FOB price of $53.00 a tonne or less," said one trader who participated in the tender unsuccessfully.
Indian trading house Adani was awarded the majority of the cargoes with the balance split between traders Swiss Singapore and Visa, traders familiar with the tender result said.
Handymax freight rates between South Africa's Richards Bay and Indian ports have risen to around $21.00 a tonne during the past few weeks in line with the general freight recovery.
Indian traders seeking cargoes to offer to both Ultratech and fellow Indian cement maker Gujarat Ambuja were bidding at $52.00-$53.00 a tonne FOB Richards Bay on Monday when prices fell sharply.
"Coal prices are too volatile right now to risk making a low offer. All the cargoes for Ultratech and Ambuja will be fresh shipments not sold from stockpiles so it is very difficult to judge the right price to offer," another Indian trader said.
Cement makers and sponge iron producers have been steadily buying South African coal for delivery through the monsoon season, often swooping to buy when the delivered cost has fallen to below $80.00 a tonne.
The rise in freight rates recently has prompted end-users to seek lower FOB coal prices to stay within their target delivered costs.
Monday's fall in FOB Richards Bay prices fell to $53.00-$54.00 triggered a surge of Indian buying enquiries, traders and producers said.
India has become a vital market for South African coal during the past three years. India accounted for over 30 pct of South Africa's steam coal exports in January-May, according to South African producers.
India is likely to import 12 million tonnes out of South Africa's projected exports of 67-68 million tonnes in 2009.
Source: Reuters (http://in.reuters.com/article/domesticNews/idINLO5469720090624?sp=true)
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Wednesday, 01 July 09
COAL INDIA SEEKS FASTER APPROVALS, IMPORTS, OVERSEAS MINERS
Coal India Ltd., the world’s biggest coal producer, wants mining approvals sped up to help it boost production to meet a widening supply short ...
Tuesday, 30 June 09
ARCELORMITTAL, RIO, 8 OTHERS VIE FOR COAL INDIA MINES
Coal India Ltd. short-listed ArcelorMittal, Rio Tinto Group and eight other companies to develop its abandoned mines to help ease a shortage of coal ...
Monday, 29 June 09
INDONESIA PLANS 20 PCT FOREIGN MINING SALE LAW
Indonesia plans to require foreign investors in mining firms to gradually divest shares starting from the fifth year of commercial production, but m ...
Monday, 29 June 09
CHINA ENJOYS STABLE COAL ECONOMY IN THE FIRST FIVE MONTHS OF 2009
In the first five months of the year, China's raw coal production had continued to rise, and coal market stayed in a balance in terms of supply-dem ...
Monday, 29 June 09
GOVERNMENT FINE TUNES MINING LAW
The government is planning to require all foreign-owned mining companies to divest 20 percent of their businesses to local entities after five years ...
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- Timah Investasi Mineral - Indoneisa
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- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Australian Coal Association
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
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- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- London Commodity Brokers - England
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
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