We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 24 July 09
INDIA TAKES 9 MILLION TONNES S. AFRICAN COAL JAN - JUNE
 Reuters reported that, India accounted for nearly 9 million tonnes of South Africa's January-June exports of around 28 million tonnes, industry sources said on Thursday.
An average of 30 percent of South Africa's coal exports have been absorbed by India so far this year. This marks a significant shift from two years ago before Indian demand began booming when almost all South African coal went to Europe.
If the current strong pace of demand continues, India could import 18 million tonnes from South Africa in 2009, up from around 10 million in 2008, industry sources said.
"There is potential that (South Africa) will export a lot more into India this year than last year ... there are good signs from India and there is more appetite," said Anglo Coal South Africa Chief Executive Officer Ben Magara last week.
India is a totally price-driven market, Indian traders and South African coal suppliers said on Thursday. End-users buy whatever coal is cheapest on a delivered basis.
"Indonesian coal is too expensive now. The sellers want the same price as Newcastle coal - over $70.00 for good quality material. South African is definitely preferred at present," one major Indian coal importer said.
In comparison, prompt South African coal cargoes are trading at around $62.00 a tonne FOB Richards Bay.
India's burgeoning power generation need is mostly coal-fuelled and reliant upon low-quality Indonesian imports.
Indian cement makers and sponge iron producers prefer South African coal for its quality but will turn to the cheapest origin at any given time for spot buying.
At the beginning of the year India's demand for South African coal was forecast to rise to 12 million tonnes from 10 million last year to supply cement and sponge iron producers.
But if Indonesian coal continues to trade at a much higher price than South African the demand will be substantially higher for South African than previously thought.
THE GROWTH MARKET
"If you look at the vessels which have been arriving at Richards Bay in recent months, a large proportion of them are the 50,000 tonne handymaxes used by the Indian market," one industry source said.
"Indian imports could be double this year. India is the growth market," he added.
South African coal exports to Northwest Europe have been falling in recent months, coal terminal sources in Amsterdam and Rotterdam said on Wednesday.
Shipments to Amsterdam-Rotterdam-Antwerp were less than 6 million tonnes in Jan-June this year, industry sources said.
Coal stocks in ARA are close to capacity due to falling industrial power demand and extremely heavy utility stock-building in Q2.
Without the unprecedented Indian demand, South African coal producers would have struggled to place unsold spot tonnages in the European market.
Indian demand has kept South African FOB Richards Bay prices at close to parity with the price of coal cargoes delivered into Europe during the past few months.
Source: Reuters
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 13 August 09
JAYPEE GROUP. L&T INK RS 4,000-CRORE (US$ 824,818,084) DEAL
Second order bagged by L&T in the supercritical segment.
Jaiprakash Power Ventures Ltd (JPVL), promoted by the $7-billion Jaypee group, has s ...
Wednesday, 12 August 09
COAL INDIA TO IMPORT 4 MLN T 2009/10 - MEDIA
State-run Coal India Ltd plans to directly import 4 million tonnes of coal in the current fiscal year to March 2010, Chairman Partha Bhattacharyya s ...
Wednesday, 12 August 09
CHINA'S LARGEST COAL PRODUCER TO SET UP COAL RESERVES
China's National Development and Reform Commission has commissioned China Shenhua Energy Co., the nation's largest coal producer, to build 10 stor ...
Wednesday, 12 August 09
NALCO SMELTER CONSTRUCTION MAY FACE DELAY
The Jakarta Post reported that, India’s state-run National Aluminum Company (Nalco) may postpone the construction of an aluminum smelter in In ...
Wednesday, 12 August 09
COAL MINE PLAN SHOT DOWN OVER GREEN CONCERNS
The Times of India reported that, In a major setback to Adani Powers, the principal chief conservator of forests (PCCF) has rejected its proposal fo ...
|
|
|
Showing 6511 to 6515 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- The University of Queensland
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Australian Coal Association
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
|
| |
| |
|
