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Wednesday, 11 November 09
INDONESIAN COAL MINERS SOLD BIG VOLUMES OF 2010 TO CHINA
 * China has scooped up large volumes of Indonesian coal
* Total exports to China in 2010 seen to exceed 20 million T
* Chinese, Indian demand may threaten S.Korean supplies
Reuters the leading world's news agency reported that, Indonesian miners have already sold about 20 million tonnes of thermal coal to Chinese buyers for delivery in 2010, and total exports to China could far exceed the volume that will be recorded this year, producers said on Wednesday.
Continued strength in Chinese imports, coupled with an expected rise in Indian demand, could mean that South Korean utilities could be caught short of supplies if they continued to avoid annual contracts and instead focus on spot tenders to secure their fuel needs.
Sources from the top five coal producers in Indonesia, such as Bumi Resources, PT Adaro Energy and PT Kideco, said the total volume of thermal coal sold to China for 2010 delivery has reached at least 15 million tonnes -- on par with the total volume China has imported from Indonesia from January to September this year.
"Chinese buyers have been very eager to sign 2010 term supply contracts. We've done some deals and the prices they've agreed to are pretty good," said a source from one of the largest Indonesian coal firms.
The firm's total thermal coal sales to China for 2010 have so far reached 7 million tonnes, with bituminous coal prices averaging at $66 a tonne FOB based on 5,500 kcal/kg (NAR) and sub-bituminous coal inked at about $56 basis 5,000 kcal/kg (NAR).
He spoke on condition of annonymity because he was not authorised to speak to the media because of the confidential nature of the deals.
Another large producer said the firm had agreed to contract 4 million tonnes of sub-bituminous coal to China for 2010, up from the 3.5 million tonnes it will ship in 2009, but prices have not yet been agreed.
"Chinese buyers are looking to lock in more tonnage but quite frankly, we've already sold out for our 2010 supplies. We don't have any more coal to sell," he said.
Thanks to Chinese demand, coal prices have rebounded 33 percent from a near two-year low of around $58 a tonne struck in late March to above $77 this week, based on globalCOAL's Newcastle index.
S.KOREAN UTILITIES CAUGHT SHORT?
In an effort to exploit the sharp swing in coal prices this year, South Korean utilities have avoided annual contracts with most Indonesian and Australian producers and instead launched a raft of spot tenders to secure supplies when prices were low.
But some producers said that procurement strategy, which has served them well this year, could backfire in 2010.
Strength in Chinese imports, growing Indian demand, along with a forecast rebound in domestic coal needs, could combine to soak up a large proportion of Indonesian coal, producers and traders said.
"There's a chance that the South Korean utilities could misread the market and be caught short of supplies if they keep thinking that they can bank on spot tenders," said the first producer source. "They could turn to Australia, but that will mean higher prices because of freight rates."
Indonesia, which is expected to produce 250 million tonnes of coal in 2010, plans to cap coal exports at 150 million tonnes by as early as next year, to ensure domestic supply, an official said on Wednesday, in a move that could eventually curb supply from the world's top thermal coal exporter.
Source: Reuters
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Thursday, 26 November 09
CIL EYES OVERSEAS ACQUISITIONS TO BRIDGE SUPPLY GAP
Coal Minister Sriprakash Jaiswal on Wednesday said that state-run coal major Coal India is looking to acquire coal blocks in the US and
othe ...
Wednesday, 25 November 09
NAPOCOR SCRAPS AWARD OF 715,000 TONS COAL
Top Philippine electricity producer National Power Corp. (Napocor) said on Wednesday it had cancelled plans to award 715,000 tons in coal supply con ...
Wednesday, 25 November 09
RISING FREIGHT RATES HIT COAL IMPORTERS
While state-owned NTPC’s 12.5 million tonne coal import order may have been aimed at plugging the shortage of coal at its thermal power plants ...
Wednesday, 25 November 09
CSN TO BUY RIVERSDALE STAKE TO BOOST COAL SUPPLIES
Cia. Siderurgica Nacional SA plans to buy 16.3 percent of Australian coal-exploration company Riversdale Mining Ltd. for about A$190.5 million ($175 ...
Tuesday, 24 November 09
ICRA DOWNGRADES TNPL`S RATING TO LAA
Credit rating agency, ICRA has revised the long term rating for the Rs 11.25 billion long-term fund-based bank facilities and Rs 1.5 billion non-con ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- SMC Global Power, Philippines
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
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