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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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Friday, 26 June 09
SA COAL EXPORTS UNLIKELY TO BREACH 65MT THIS YEAR
Coal volumes railed to South Africa’s Richards Bay Coal Terminal (RBCT) during the rain-affected first quarter of 2009 had fallen well short o ...
Friday, 26 June 09
BAYAN TARGETS GROSS PROFIT TO RISE BY 86.2 PERCENT
Local coal producer publicly listed PT Bayan Resources is targeting this year's gross profit to rise by 86.2 percent on the back of higher sales vo ...
Wednesday, 24 June 09
NTPC BURNS MORE COAL TO PRODUCE ELECTRICITY
A tonne of coal is the same as another tonne of coal, you might think.
But power major NTPC Ltd is finding that this year’s coal is not yie ...
Wednesday, 24 June 09
NTPC, COAL INDIA TO BUY MINING ASSETS OVERSEAS
State-owned utility National Thermal Power Corporation (NTPC) and the largest coal producer Coal India are in advanced stages of acquiring mining as ...
Tuesday, 23 June 09
NEWCASTLE WEEKLY COAL EXPORTS DECREASE 15%; SHIP QUEUE RISES
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 15 percent last week while the numb ...
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- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
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