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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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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 ...
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 ...
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- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Australian Coal Association
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
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