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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, with customers in Europe, China, India and Japan.
The world’s number-one coking coal miner said that the deals were based on a “structural change” to shorter-term market-based pricing for the contract period.
The settlements reflected the company’s commitment to achieving market-clearing prices over time, across all its bulk commodities, said BHP Billiton, led by CEO Marius Kloppers.
The diversified mining company did not disclose the terms of the agreements with the European and Asian clients.
However, on Friday, newswire Reuters quoted Japanese steelmaker JFE Holdings as saying that it had agreed a coking coal price of $200/t for April to June.
The price for the three-month contract period represented a 55% increase from the benchmark price for the 2009/10 financial year of $129/t, Reuters reported.
BHP Billiton primarily produces and markets high-quality hard coking coals for the international steel industry. In addition, it supplies a wide range of other coal qualities to satisfy specific customer requirements.
The company’s metallurgical coal assets are located in areas with seaborne access to key steel producing regions. The group has access to dedicated deep-water ports allowing the use of large capacity vessels to further build on regional logistic advantages.
Source: Mining Weekly By: Esmarie Swanepoel Edited by: Mariaan Webb
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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 ...
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 ...
Monday, 08 March 10
CHINA SHIPPING TO CARRY MORE COAL FOR SHENHUA
Hellenic Shipping News reported that, China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaod ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
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