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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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Thursday, 04 February 10
RI TO GRADUALLY STOP COAL EXPORTS
Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop ...
Thursday, 04 February 10
NO AMDAL, NO COAL MINING IN KALIMANTAN: MINISTRY
To prevent further environmental damage, the government has said it would revoke the licenses of mining firms operating in Kalimantan that do not ha ...
Thursday, 04 February 10
ANTICIPATING DOMESTIC COAL DEMAND
Indonesia has an abundant amount of coal reserves, which in 2008 is estimated at 7,12 billion tones. Coal production in 2008 reached 231,18 mi ...
Wednesday, 03 February 10
CHINA'S MAIN COAL PRICES FALL AS WINTER DEMAND EASES
Weekly coal prices at China's Qinhuangdao port, a benchmark in the world's biggest producer and consumer of the fuel, fell for the first time in s ...
Wednesday, 03 February 10
NEWCASTLE COAL EXPORTS RISE 3%; SHIP QUEUE SHORTENS
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, increased 3 percent last week while the ...
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- Indian Oil Corporation Limited
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- ICICI Bank Limited - India
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- Tata Chemicals Ltd - India
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- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
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- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Posco Energy - South Korea
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- Bulk Trading Sa - Switzerland
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- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
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- Mercator Lines Limited - India
- Singapore Mercantile Exchange
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- Edison Trading Spa - Italy
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- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
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- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
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- Merrill Lynch Commodities Europe
- Minerals Council of Australia
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- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
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- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
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- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
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- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- White Energy Company Limited
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
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- Electricity Generating Authority of Thailand
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- Petron Corporation, Philippines
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- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
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- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
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- Kobexindo Tractors - Indoneisa
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- Neyveli Lignite Corporation Ltd, - India
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- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
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- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
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- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
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- Romanian Commodities Exchange
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- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
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- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
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