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Monday, 27 July 09
TAIWAN'S FORMOSA EYES S.AFRICAN COAL FOR Q4: TRADE
 Reuters reported that, Taiwan's Formosa Plastics Group is looking to buy two South African thermal coal cargoes for delivery in the fourth-quarter, having already imported 1.2 million tonnes from the country this year.
Trade sources said on Monday that Formosa was seeking a cape-sized cargo each for delivery in the months of November and December, as South African coal prices are now cheaper than Australian supplies by about $18 a tonne.
"They have their own vessels so buying spot cargoes from South Africa is the cheapest option on a landed basis," said an industry source with knowledge of the deals.
The source added that a trading firm has offered November and December cargoes to Formosa at around $66 a tonne.
Formosa has been buying one cape-sized South African coal cargo on a spot basis every month since March and has so far booked shipments until October, bringing total purchases so far this year to 1.2 million tonnes, or eight cape-sized shipments, said two trade sources.
On a landed basis, the conglomerate has been able to secure South African supplies at about $80 a tonne; paying about $63-$65 a tonne on a free-on-board (FOB) basis from South Africa's Richards Bay coal port, while freight rates for the route are at around $16 a tonne.
"That's a huge discount compared to bringing in Australian coal," said a trader.
Thermal coal prices in South Africa have been trading at a discount to Australian material most of this year as demand from Europe -- the country's major market -- shrank amid falling industrial power consumption.
South African coal prices stood at $60.67 a tonne on globalCOAL's RB index on Friday, while Australian coal prices were at $78.04. The indices are based on coal with similar qualities.
South African coal exports to Asia excluding India and Pakistan in January to June were around 1.4 million tonnes, a slight rise from 2008 levels, with China having bought about 150,000 tonnes during this period.
Source: Reuters
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Thursday, 30 July 09
KOMIPO OFFERED 3 MILLION MT IN TENDER, TEN TIMES OVERSUBSCRIBED
Korea Midland has received offers for 3 million mt of bituminous steam coal in its latest tender despite the power utility seeking only 300,000 mt, ...
Thursday, 30 July 09
PNOC FORGES JOINT VENTURES AS STEPS UP COAL OPERATIONS
The Philippine National Oil Co.-Exploration Corp. has entered joint venture agreements with food and beverage conglomerate San Miguel and Filipinas ...
Thursday, 30 July 09
NAMANE OF SOUTH AFRICA IN SUDAN COAL DEAL, BUSINESS REPORT SAYS
Namane of South Africa in Sudan Coal Deal, Business Report Says
Namane Resources Ltd. of South Africa signed a coal-supply agreement with the Nat ...
Wednesday, 29 July 09
RP COAL DEMAND TO SURGE BY 2014 - PHILIPPINES UPDATE
CEBU, Philippines - With the entry of new coal-fired power generation plants in the Philippines, the Department of Energy (DOE) projected an increas ...
Wednesday, 29 July 09
INDIA HUNGRY FOR OUR COKING COAL ASSETS
The Australian reported that, INDIA is about to embark on a program of rapid coal sector acquisitions in Australia as it looks to plug a huge annual ...
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- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- White Energy Company Limited
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- PTC India Limited - India
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- MS Steel International - UAE
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Wilmar Investment Holdings
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