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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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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 ...
Friday, 24 July 09
BIG ADARO SHAREHOLDERS CREATE HOLDING COMPANY
The nation’s second-largest coal producer, PT Adaro Energy, said on Thursday that five key shareholders had merged their holdings in the compan ...
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- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- White Energy Company Limited
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- Australian Coal Association
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Goldman Sachs - Singapore
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- GMR Energy Limited - India
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
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