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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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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 ...
Wednesday, 03 February 10
INDONESIA BUKIT ASAM SEES DOUBLE DIGIT 2010 REV GROWTH
* 2009 net profit rose an estimated 50 pct
* Sees opportunities for overseas acquisitions
Indonesian state-owned coal miner Bukit Asam saw 2009 ...
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Showing 6031 to 6035 news of total 6871 |
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- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Australian Coal Association
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Mercator Lines Limited - India
- The University of Queensland
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
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