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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
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Sunday, 26 July 09
CESC PLANS 2000 MW POWER PLANT IN BIHAR
Jai Bihar reported that, RPG flagship company CESC Ltd on Friday unveiled its plan to set up a 2,000 MW power generation plant at Pirpainti near Bha ...
Saturday, 25 July 09
HUANENG EYES MAJORITY STAKE IN PT BERAU COAL
CCTV reported that, China's largest publicly traded power company has submitted a bid for controlling stake in Indonesia's fifth largest coal mine ...
Saturday, 25 July 09
ADANI POWER TO IMPORT COAL FOR MUNDRA PLANT
BL reported that more than 50% of the coal requirement for Adani Power’s 4,620 MW Mundra plant will have to be imported from Indonesia though ...
Friday, 24 July 09
INDONESIAN COAL NEWS - UPDATE
Income from tax slow
Since the economic crisis in October 2008 until now, tax from the general mining sector is slow. According to the Director Gene ...
Friday, 24 July 09
S.AFRICA JAN-JUNE EXPORTS TO ASIA AROUND 1.4 MLN T
* China takes 140-150,000 tonnes
* S.Korea imports zero
* Hong Kong utilites buy S.African coal
South African coal exports to Asia excluding India a ...
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- Metalloyd Limited - United Kingdom
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- The University of Queensland
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- MS Steel International - UAE
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- PTC India Limited - India
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
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