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Thursday, 04 March 10
THREE NEW GLOBAL PRICES INDEXES FOR COKING COAL
 Commodity Online reported that, On February 26, Energy Publishing Co. broke new ground in the coal-marketing industry when it began publishing three price indexes for coking coal. Coking coal is the fastest growing and most volatile segment of the worldwide coal industry and the indexes are the first of their kind.
"After months of discussions with coal producers, traders and buyers, we have put together a suite of price indexes for coking coal," said Forrest Hill, president of Energy Publishing. "Indexes have been used to price steam coal contracts and short-term sales and derivatives for about 10 years, but coking coal has, in the past, proved resistant to indexing."
Energy Publishing's three indexes are:
-CCQ , based on premium hard coking coal shipped from Queensland, Australia.
-CCH-LOW, based on premium low volatile coking coal shipped from United States' east coast.
-CCH-HIGH, a Type "A" high volatile coking coal, also shipped from the U.S. east coast.
"The difficulty in developing a coking coal index has been the variability of coking coal and the view that value of a given coal varies depending on where it is being used," Hill said.
Two factors have now made an index practical.
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“The difficulty in developing a coking coal index has been the variability of coking coal and the view that value of a given coal varies depending on where it is being used” - Forrest Hill
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Foremost is the interest in short-term pricing by BHP Billiton and several other large producers of coking coal. BHP Billiton has been pushing hard to convert all of its sales to short-term pricing, and the world of coal is rapidly moving in that direction. The second factor is the progress made by Energy Publishing in developing a set of specifications that define three coals generally agreed to be at the top of the market.
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Energy Publishing has unique access to data on mine-by-mine quality measures and historical prices that have made the development of a realistic and usable index a reality. Building the index was done in conjunction with Doyle Trading Consultants of New York, which helped develop the methodology.
"The negotiations now going on between the Australians and their major customers in Japan are expected to result in a significant portion of the total tonnage moving from annual to quarterly pricing," Hill said. "And, many expect prices to move to even shorter terms in the near future. Short term pricing will be difficult to administer without a reliable coking coal price index, so the publication of the new indexes comes at a critical juncture for coal markets." (PRNewswire)
Source: Commodity Online
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Tuesday, 09 March 10
MINING LAW OPTIMIZES SECTOR
Law No. 4 / 2009 on Mineral and Coal Mining have given a new direction for the future of mining in Indonesia, including Domestic Market Obligation, ...
Tuesday, 09 March 10
STRONG REBOUND IN ALL THE DRY BULK SEGMENTS THIS WEEK
There was a strong rebound in all the dry bulk segments this week, leading to an 18% jump in the Baltic Dry Index.
The Cape and Panamax markets s ...
Tuesday, 09 March 10
L&T POWER EYEING COAL MINES IN AUS, INDONESIA
L&T Power Development Company, a part of the Larsen & Tubro Group, plans to acquire coal mines in Australia and Indonesia, a top company off ...
Tuesday, 09 March 10
BHP AGREES SHORTER-TERM COAL DEALS WITH EUROPEAN, ASIAN CUSTOMERS
Diversified miner BHP Billiton on Monday reported that it had reached sales terms for a significant portion of its hard coking coal volumes for 2010 ...
Monday, 08 March 10
KPCL TO IMPORT 0.9 MILLION TON OF 6000 GCV COAL
COALspot.com: India's Karnataka Power Corporation Ltd is seeking to import 0.9 million metric tons of 6000 kcal/kg (adb) Gross Calorific Value stea ...
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Showing 5951 to 5955 news of total 6871 |
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- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Anglo American - United Kingdom
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