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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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Thursday, 16 July 09
JAPAN'S J - POWER STARTS OPS AT NEW 600 MW COAL UNIT
Reuters, a worlds leading news agency reported that, Electric Power Development Co (J-Power) said on Thursday it started commercial operations at it ...
Thursday, 16 July 09
DELIVERY OF COAL MINE EXPLORATION THROUGH NEWCASTLE PORT ROSE 11 PERCENT
July 16th, 2009 Newcastle is a port in Australia that provides services in the delivery of coal from Australia to other countries. Newcastle port ha ...
Thursday, 16 July 09
CIL KEEN ON JOINT VENTURES
* Targets to raise production by 10 m tonnes by 2012
* Plans to tap reserves of abandoned mines
The Hindu, an Indian news paper reported that, t ...
Wednesday, 15 July 09
COAL INDIA INVITES EOI FOR COAL MINING IN FOREIGN COUNTRIES
Economict Tmes reported that, Coal India, a leading PSU with a status of Navratna, today, invited Expression of Interest for selection of strategic ...
Wednesday, 15 July 09
BANGLADESH TO IMPORT COAL FROM INDIA FOR 1 MORE YR
Bangladesh has decided to import coal from neighbour India for another year to save foreign exchange and time, a commerce ministry official said on ...
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- Price Waterhouse Coopers - Russia
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
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- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
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- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
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- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
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- Energy Link Ltd, New Zealand
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- Ministry of Transport, Egypt
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- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
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- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
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- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
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- Karaikal Port Pvt Ltd - India
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- Carbofer General Trading SA - India
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- Georgia Ports Authority, United States
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- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
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- New Zealand Coal & Carbon
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- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
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- GMR Energy Limited - India
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- Banpu Public Company Limited - Thailand
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- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
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- Simpson Spence & Young - Indonesia
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- CNBM International Corporation - China
- Planning Commission, India
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
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- International Coal Ventures Pvt Ltd - India
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- Singapore Mercantile Exchange
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- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Australian Coal Association
- Minerals Council of Australia
- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- The Treasury - Australian Government
- Economic Council, Georgia
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- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
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- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
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- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
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- Indian Oil Corporation Limited
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- Heidelberg Cement - Germany
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- Indonesian Coal Mining Association
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- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
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- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
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- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
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- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
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- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
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- Wilmar Investment Holdings
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- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
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