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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 $77 this week, based on globalCOAL's Newcastle index.
S.KOREAN UTILITIES CAUGHT SHORT?
In an effort to exploit the sharp swing in coal prices this year, South Korean utilities have avoided annual contracts with most Indonesian and Australian producers and instead launched a raft of spot tenders to secure supplies when prices were low.
But some producers said that procurement strategy, which has served them well this year, could backfire in 2010.
Strength in Chinese imports, growing Indian demand, along with a forecast rebound in domestic coal needs, could combine to soak up a large proportion of Indonesian coal, producers and traders said.
"There's a chance that the South Korean utilities could misread the market and be caught short of supplies if they keep thinking that they can bank on spot tenders," said the first producer source. "They could turn to Australia, but that will mean higher prices because of freight rates."
Indonesia, which is expected to produce 250 million tonnes of coal in 2010, plans to cap coal exports at 150 million tonnes by as early as next year, to ensure domestic supply, an official said on Wednesday, in a move that could eventually curb supply from the world's top thermal coal exporter.
Source: Reuters
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Thursday, 12 November 09
GANGAVARAM PORT SETS RECORD BY DISCHARGING 80,514 TONNE OF COAL CARGO
Gangavaram Port, the deepest port in the country with water depth of 20 meters, has achieved an unprecedented milestone by discharging 80,514 metric ...
Thursday, 12 November 09
FOREIGN INVESTMENT IN RUSSIAN COAL SECTOR
Reuters reported that, Russia's coal mines, particularly in the Arctic and Far East, are attracting interest from foreign investors as commodity pr ...
Thursday, 12 November 09
BANPU TO INVEST US$ 466 M
Plan targets 33.5m tonnes of coal per year
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is planning capital investments of ...
Wednesday, 11 November 09
NORTHSTAR TAKES 40 PER CENT OF INDONESIAN MINING COMPANY
AltAssets reported that, PT Northstar Pacific Partners, the Indonesian affiliate of US private equity firm TPG, has taken a 40 per cent stake in Ind ...
Wednesday, 11 November 09
INDIAN COAL IMPORT FROM SA IN OCTOBER
Reuters reported that India imported 2.4 million tonnes of coal from South Africa's Richards Bay Coal Terminal in October 2009, 35% of the total of ...
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- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Planning Commission, India
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- PTC India Limited - India
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- The University of Queensland
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
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