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Friday, 29 January 10
INDIA STEAM COAL IMPORTS TO DOUBLE, BOOST SOUTH AFRICA
.jpg) * SAfrica seen shipping 75 pct of its coal to Asia in 2010
* Logistics woes hamper SAfrica exports, India imports
India's steam coal imports are expected to double to 100 million tonnes in three to four years on the back of growing power demand, boosting South Africa's exports, industry players said on Thursday.
McCloskey, mjunction Services, CBB Energy and Emirates Trading Agency estimate the Asian country imported between 43 million and 55 million tonnes of steam coal last year.
South Africa shipped 17.7 million tonnes of its coal to India, the world's third largest consumer of the commodity, with Asia in total taking 25.1 million tonnes.
This year the Asian continent is expected to become South Africa's primary coal export destination, with some analysts estimating up to 75 percent of the country's product will go east.
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“India's steam coal imports are expected to double to 100 million tons in three to four years” - Industry players
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"People are saying that 75 percent will be going east rather than west this year and that sounds very feasible," David Price, a coal forecaster at McCloskey consultancy, told Reuters on the sidelines of a coal exports conference.
There are already enquiries from India and China for far more coal than is available for the first quarter, making a scramble among buyers and a hike in prices inevitable, producers said.
Buyers at the conference declined to comment on price prospects.
Indian buyers have been waiting since October for South African prices to fall back to $50.00, but prices rose steadily in November and surged in December and early January to around $90.00 a tonne FOB Richards Bay.
Alexandre Levy, a Geneva-based trader at CBB Energy, said 32 percent of coal imports to India came from South Africa and 63 percent came from Indonesia. That is bound to change, he said.
"Indonesia dominates but South African coal has gained market share," he said.
India is a price rather than quality-driven market. End-users have switched to South African from Indonesian coal to a large extent because the delivered cost of South African coal has offered a saving of several dollars per tonne.
Viresh Oberoi, a managing director at Tata Steel-linked mjunction, estimates South Africa will supply India with some 25 million tonnes of coal by 2012 to feed its power, steel and cement industries, a figure others called conservative.
China, the world's largest producer which became a net importer this year after domestic coal became more expensive than imports, may also turn to the
“Offshore trans-shipment is a viable alternative in India because it is cheaper and faster to implement, is re-locatable and environmentally friendly"
- Sanjeev Mathur, ETA Dubai
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South African product.
In 2009, the Asian giant imported 1.4 million tonnes of South Africa's coal and is seen hungry for much more.
NO ROLLING STOCK
South African exports have been curbed at 61 million tonnes in 2009 due to rail transport limitations, but are seen rising to 65 million this year. In the medium term, logistics group Transnet hopes to raise its capacity to 81 million tonnes.
A lack of infrastructure and capacity at India's ports could also hamper the delivery of imported coal, with an estimated 55 percent of coal imports to be handled by minor ports with low draft and poor cargo off-loading facilities.
"Port development costs are prohibitive and time consuming, and are also not environmentally friendly. (But) offshore trans-shipment is a viable alternative because it is cheaper and faster to implement, is re-locatable and environmentally friendly," said Sanjeev Mathur, a general manager for transhipment at Dubai-based Emirates Trading Agency.
Source: Reuters
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Wednesday, 10 February 10
JPMORGAN FORECASTS A 5.7% GROWTH IN SEABORNE IRON ORE SHIPMENTS, 3.8% FOR COAL AND GRAIN THIS YEAR
This year volumes of iron ore transportation by sea may grow to 5.7%, coal and grain up 3.8% over numbers in 2009, Ukrrudprom reports citing analyst ...
Wednesday, 10 February 10
ANGLO AMERICAN TIPS COAL PRICE RISE AFTER RAIN, AUSTRALIAN SAYS
Anglo American Plc expects coking coal contract prices to rise after weeks of heavy rain in Queensland state cut output by as much as 10 million met ...
Wednesday, 10 February 10
KANGAROO RESOURCES COMMENCES MINING AT MAMAHAK COKING COAL PROJECT
International coal producer Kangaroo Resources has kicked off mining at its second Indonesian coal operation, the Mamahak Coking Coal Project in Eas ...
Wednesday, 10 February 10
CHINA DENIES CLIVE PALMER'S COAL DEAL
ONE of China's biggest government-owned companies yesterday repudiated mining billionaire Clive Palmer for overstating what he said was Australia' ...
Tuesday, 09 February 10
INDIANS SAY SEEKING COAL BARGAINS VIA INDEX PRICES
* Indonesian cheaper than S.African - traders
* End-users wait for price falls before tendering
Indian coal traders responsible for the bulk of ...
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Showing 6011 to 6015 news of total 6871 |
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- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Australian Coal Association
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- Central Electricity Authority - India
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
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