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Wednesday, 22 July 09
ONE TENDERS FOR 114,000 MT FOR NOV-JAN


Moroccan state-owned power utility Office National de l’Electricité (ONE) has launched a tender for three handymax shipments of coal for its Jerada plant in the north of the country, well in advance of the early September bid deadline.

ONE requires three 38,000 mt shipments for delivery in November and December 2009 and January 2010 on a CIF Nador basis. Bids are due by September 2. Sources said that while the Jerada plant can usually take mid-volatile South African or Russian coal, the current high spot price of Richards Bay FOB material at over $60/mt would more than likely give suppliers of Russian coal the advantage in the tender.



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Monday, 27 July 09
ADANI POWER'S $625 MILLION IPO TO GENERATE HOT DEMAND
  WSJ reported that, Adani Power, the electricity generating unit of India's Adani Enterprises Ltd., is set raise up to US$625 million in wha ...


Monday, 27 July 09
MIDDLE EAST COAL TO MOVE ON $1B EAST KALIMANTAN PROJECT
The Jakarta globe reported that, Middle East Coal reiterated on Monday that it would push ahead its $1 billion development program for East Kutai Re ...


Monday, 27 July 09
SHORT AND ONE YEAR PERIOD RATES FOR SUPRAMAX WAS FIRM AT AROUND US$ 18, 000 -18,500 PER DAY
COALspot.com (Singapore): The Supramax charter rates up sharply last week (ended 24th July 2009), especially India / Far East region said, Capt ...


Monday, 27 July 09
COKING COAL, IRON-ORE LIKELY TO BENEFIT NON-INTEGRATED STEEL PRODUCERS
Economictimes reported that, The second half of the financial year 2008-09 was one of the toughest periods for steel companies, especially the non-i ...


Monday, 27 July 09
GMR ENERGY BUYS EMCO POWERGEN SUBSIDIARY
DNA India reported that, Thane-based transformer manufacturer Emco Ltd has sold its stake in unlisted power generation subsidiary Emco Energy to Ban ...


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