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Monday, 07 December 09
VEDANTA RESOURCES ISSUES TENDER TO IMPORT 2.25 MILLION COAL
COALspot.com (India): Vedanta Resources plc is a London stock exchange listed FTSE 100 diversified metals and mining major with revenues in excess of USD 6.5 billion company issued a tender to import 2.25 Million MT of Steam coal (Bituminous / sub-bituminous) for arrivals between January 2010 and December 2012 on long term basis (750 thousand MTs per annum).
Hindustan Zinc Limited (HZL) & Madras Aluminum Company Limited (MALCO) are the operating companies of Vedanta in Lead, Zinc, Aluminum & Power businesses in India.HZL & MALCO put together operate 440 MW capacity power plants and coming up with another 2X80 MW power plants in Rajasthan, India.
Both the companies invite coal producers to offer for 2.25 Million MT of Steam coal (Bituminous / sub-bituminous) for arrivals between January 2010 and December 2012.
According to tender requirement, HNL will import 0.5 million MT +/- 10% per annum and MALCO will import 0.25 million MT +/- 10% per annum.
Technical Specifications
HNL
GCV-ADB (kcal/kg) 5800-6500 or GCV-ARB (kcal/kg) > 5200, Total Moisture (%) < 25, Ash content (%) < 15, Sulphur (%) < 1.5%, HGI 42-55 AFT-IDT (at reducing atmosphere) – Deg C > 1150, Na2O in ash (%) < 1.0, K2O in ash (%) < 2.0 4.
HZL is looking for coal from either Indonesia or South Africa on either FOB or CIF Navlakhi, Indian basis.
MALCO
GCV-ADB (kcal/kg) 6000-6500 or GCV-ARB (kcal/kg) > 5500, Total Moisture < 18 (%), Inherent Moisture (%) <10, Ash content (%) < 10, Sulphur (%) < 1.0%, HGI 45-47, VM 38-42, AFT-IDT (at reducing atmosphere) – Deg C > 1150 AFT-HT (at reducing atmosphere) – Deg C > 1200 and Size -2mm to be less than 10%.
MALCO is looking for coal from Indonesia on either FOB or CIF Karaikal / Chennai / Tuticorin India Basis.
Other Restrictions:
Only coal producers are invited to submit coal offers and restricted to middleman like agents / traders to submit the offers as well as for liasioning with the Purchaser. Offers to include the option to convert floating price to fixed price.
NewCastle index as per GlobalCoal ($/MT) and or API4 index as per Argus McCloskey ($/MT) would be used for floating pricing method.
Offer Submission and Validity
Last date of submission of the offer is 21 December’ 2009 and Validity of offer should be until 10th January’ 2010
For more information visit www.vedantaresources.com.
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Sunday, 03 January 10
BHP TO STAY IN MARUWAI AND TO KEEP 75 PERCENT OF THE STAKE
Despite recent statements that it would pull out completely from Indonesia, the world's largest mining company BHP Billiton has now admitted that i ...
Saturday, 02 January 10
INDONESIAS COAL OUTPUT RISES BY 5%
Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the gov ...
Saturday, 02 January 10
TAIPOWER FORECASTS COAL DEMAND TO SNAP DECLINE
Taiwan Power Co., Asia's biggest importer of thermal coal, expects its demand for the fuel to rise in 2010 after falling for two years as the islan ...
Friday, 01 January 10
COAL INDIA TO START IMPORTING DIRECTLY
According to sources, the coal major has already finalised tender document to import four million tonnes thermal grade coal for supplies to NTPC. Th ...
Thursday, 31 December 09
INDONESIA SEES 2010 MINING INVESTMENT UP 39 PCT
Reuters reported that, Indonesian mining investment is expected to hit $2.5 billion next year, up from $1.81 billion in 2009, supported by greater c ...
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