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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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Thursday, 19 November 09
FAST-TRACK FOCUS ON COAL POWER MAY COST INDONESIA BILLIONS
The Jakartaglobe reported that, As it begins to tap its massive coal reserves to generate cheap electricity, Indonesia may face additional costs of ...
Wednesday, 18 November 09
THAI PTT PLANS COAL MINE INVESTMENT IN INDONESIA
* To conclude Indonesian coal mine buy in 6 months
* Sees coal output jumping to 20 mln tonnes in five years
Reuters reported that, PTT , ...
Wednesday, 18 November 09
ASIA-PACIFIC MINISTERIAL CONFERENCE ON PUBLIC-PRIVATE PARTNERSHIPS FOR INFRASTRUCTURE DEVELOPMENT
“Building Asia’s Infrastructure”
COALspot.com (Indonesia) Press Release: Infrastructure Asia 2010 is Asia’s premier infra ...
Wednesday, 18 November 09
AMBUJA COAL TENDER PRICES EQUATE TO $61.50/T FOB
Reuters reported that, coal prices achieved by Indian cement maker Gujarat Ambuja in its early November tender equate to $61.50 a tonne FOB Richards ...
Tuesday, 17 November 09
JSW STEEL MAY SPEND $500 MILLION TO ACQUIRE COAL MINES OVERSEAS
JSW Steel Ltd., India’s third- biggest producer, may spend $500 million buying coal mines overseas, securing supplies for its local expansion. ...
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