COALSPOT.COM IS A BRAND NAME, NOT A PORTAL NAME
  • Coal India Unions Plan Nationwide Strike to Protest Sale - Bloomberg
  • Falling demand in China, plentiful supply and a weak global economy, will delay any recovery in the price of metallurgical coal until the second half of 2016 - Moody
  • Four major trade unions in India call strike to oppose coal ordinance - The Hindu
  • Bank finance for coal is increasing rapidly, Year 2013 was a record year for coal finance - Banking on Coal 2014
  • At least $83 billion USD in financing was provided to 65 coal mining and energy companies last year by 92 of the world's leading commercial banks - Banking on Coal 2014
  • Alpha Says Coal Industry Will Probably Make More Cuts - Bloomberg
  • Richards Bay Coal (SGX API 4), delivery Q4 2014 FOB Avg: US$ 66.27 (-0.2% dod) as on 30 OCT (London close) - SGX AsiaClear
  • Richards Bay Coal (SGX API 4), delivery Q1 2015 FOB Avg: US$ 67.30 (-0.6% dod) as on 30 OCT (London close) - SGX AsiaClear
  • Newcastle Thermal Coal (API 5), delivery Q1 2015 FOB Avg: US$ 53.58 (-0.1% dod) as on 30 OCT (8pm SG time) - SGX AsiaClear
  • Newcastle Thermal Coal (API 5), delivery Q4 2014 FOB Avg: US$ 53.47 (0.0% dod) as on 30 OCT (8pm SG time) - SGX AsiaClear
  • Sub-Bit Indonesia Coal, delivery Q4 2014 FOB Avg: US$ 50.43 (0.0% dod) as on 30 OCT 2014 (8pm SG time) - SGX AsiaClear
  • Sub-Bit Indonesia Coal, delivery Q1 2015 FOB Avg: US$ 49.78 (-0.2% dod) as on 30 OCT 2014 (8pm SG time) - SGX AsiaClear
  • COALspot.com's self assessment - Indonesian 5800 GAR coal (Physical) market direction: DOWN (last updated : 22 October 2014)
  • Ministry of Energy of Indonesia has revised DOWN OCTOBER 2014 Coal Price Reference to US$ 67.26 per ton (Last Update: 10/10/14)
  • SHARE YOUR COAL NEWS WITH COALspot.com - news@coalspot.com

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Monday, 16 August 10
INDIA'S TNPL TO SUPPORT TNEB WITH COAL SUPPLIES


COALspot.com:
TNPL to  award 300,000 MT of coal supply contract to Nehel General Trading of India.  Tamil Nadu state undertaking , Tamil Nadu News Print Limited a seasoned and professionally run company to award a spot contract  for six Supramax shipments to Nehel General Trading of India. Nehel Trading was quoted lowest price of US$ 79.53 per ton CIF Tuticorin / Ennore for Calorific value of 6000 kcal/kg GAD and Total Moisture 15% (arb), against TNPL’s recent coal tender, industry sources said.

Indonesian coal likely to be supplied to TNPL against the recent tender.  There were Ten Indian coal trading companies were qualified to participate  in  the recent tender calling for 300,000 mt of imported coal. TNPL used to source coal from a combination of E- Tender and closed tender which they have been successfully doing for the past several years.  Bidders in the recent tender were MSTC, Star Coal, Phoenix, Coastal Energy, Nehel General trading, Adani, Rudhra Energy, Knowledge Infrastructure, Gupta coal and Bhatia International. Nehel was quoted at US$ 79.53 per ton CIF Tuticorin / Ennore and followed by Adani at US$ 79.62 per ton just 9 US cents higher than Nehel's price. However, the 3rd lowest price was around US$ 10 higher than the  first two lowest bidders, industry players further said.

Indonesian coal prices are expected to Increase in next month due to tight availability because of unseasonal rains affected coal producing areas in Indonesia, according to Indonesia coal Mining Association. “The freight market is expected to remain firm for next couple of weeks, as the iron ore movement is likely to increase”, said Capt. Reddy, Director of Vistaar Shipping, a ship operator in Singapore and India. Hence coal prices on FOB as well as CNF are seem to be increased coming weeks.

There was a rumors in the market that, TNPL was buying coal through the reccent tender on behalf of Tamil Nadu Electricity Board, the Tamil Nadu state owned electricity generator. This is further evidenced by TNPL’s tender documents mentions that disport may be Ennore or Tuticorin. TNEB used to unload the cargo through Ennore port and TNPL used to be receiving cargo either Tuticorin or Karaikkal port. Also market sources point out that MMTC, Indian government owned trading house,  was a long-term sole supplier of TNEB, couldn’t provide supplies due to delay in MMTC’s EoI finalization formalities.

However, the recent calling of 300,000 ton of coal supply tender by TNPL is for TNEB or not is unknown. 

Also the Indian trade sources says that if TNPL supplies coal to TNEB then EB would get fair prices and coal bill of EB may give relief to EB which overburdened with losses. MMTC used to supply coal to EB on index plus basis which resulted recent shipments at $100 plus whereas TNPL was successfully purchased millions of tones on firm price basis and always got lowest prices compared to other power utilities in India.

We further understand from trade circles that,  TNEB’s PSU enquiry ( MMTC, STC, MSTC and PEC ) was floated few days back and be closes by 16th August 2010. Trade circles are eagerly watching for the results. In addition, they said whether the latest TNPL tender price of US$ 79.53 has any impact or reflection to TNEB’s new inquiry which TNEB was calling for 500 k MT coal supplies through PSUs.

It looks that consumers in india are getting wiser and consolidating their requirements and enhancing their capabilities of bargaining.

About TNPL
Tamil Nadu Newsprint and Papers Limited (TNPL) was established by the Government of Tami Nadu during early eighties to produce Newsprint and Printing & Writing Paper using bagasse, a sugarcane residue, as primary raw material. The Company commenced production in the year 1984 with an initial capacity of 90,000 tonnes per annum. Over the years, the production capacity has been increased to 245,000 tonnes per annum and the Company has emerged as the largest bagasse based Paper Mill in the world consuming about one million tones of bagasse every year. The co is swapping other private units bagasse with supply of equivalent coal. There by tthe additional supplies of bagasse being put to use for high value bagasse pulp used for paper. By this process tnpl is saving huge forex and developing by leaps and bounds.this model of tnpl has been well appreciated by intll industrial circles. The Company is in the process of implementing the Mill Expansion Plan for increasing the capacity to 400,000 tonnes per annum from July


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Friday, 31 October 14
BUKIT ASAM'S NET PROFIT ROSE 27.42% FOR THE PERIOD JANUARY - SEPTEMBER 2014
COALspot.com: Publicly listed coal miner Bukit Asam reported solid profits in the first nine months of 2014 year. Coal miner Bukit Asam manage ...


Friday, 31 October 14
U.S PRODUCED AROUND 19.3 MMST OF COAL IN A WEEK
COALspot.com – United States the world's one of largest coal producers, produced approximately 19.3 million short tons (mmst) of coal in ...


Thursday, 30 October 14
COAL & GRAINS SUPPORT PANAMAX AND IRON ORE SUPPORTS CAPES
Handy The Atlantic market has been flat this week. Rates are up about US$ 200 from last week on the TA´s, but the volumes are about the sam ...


Thursday, 30 October 14
DOES A LOU ARBITRATION AGREEMENT FOR THE UNDERLYING CARGO CLAIM COMPLETELY REPLACE THE BILL OF LADING ARBITRATION CLAUSE? - INCE &CO
KNOWLEDGE TO ELEVATE In the context of cargo claims brought under four bills of lading, the Commercial Court has recently considered whether a ...


Wednesday, 29 October 14
GOOD REASON WHY Q4 CAPESIZE OUTLOOK WAS SO BULLISH AT START OF THE YEAR - COMMODORE RESEARCH
COALspot.com: There was good reason why so many analysts' capesize outlook for Q4 was so very strong at the start of this year.  Brazilian ...


   1 2 3 4 5   
Showing 1 to 5 news of total 3468
News by Category
Popular News
 
Total Members : 19,318
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Adaro Indonesia
  • Directorate Of Revenue Intelligence - India
  • Parliament of New Zealand
  • Indogreen Group - Indonesia
  • Coal Orbis AG
  • Metalloyd Limited - United Kingdom
  • Ambuja Cements Ltd - India
  • Commonwealth Bank - Australia
  • Coalindo Energy - Indonesia
  • Mercator Lines Limited - India
  • Simpson Spence & Young - Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Arch Coal - USA
  • The India Cements Ltd
  • DBS Bank - Singapore
  • Africa Commodities Group - South Africa
  • CESC Limited - India
  • TNPL - India
  • Indo Tambangraya Megah - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • Orica Australia Pty. Ltd.
  • Reliance Power - India
  • Total Coal South Africa
  • Antam Resourcindo - Indonesia
  • Tata Power - India
  • Central Electricity Authority - India
  • Humpuss - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • London Commodity Brokers - England
  • Platou - Singapore
  • KOWEPO - South Korea
  • Carbofer General Trading SA - India
  • Orica Mining Services - Indonesia
  • Argus Media - Singapore
  • Bulk Trading Sa - Switzerland
  • Platts
  • Georgia Ports Authority, United States
  • Central Java Power - Indonesia
  • Gujarat Sidhee Cement - India
  • Maharashtra Electricity Regulatory Commission - India
  • Coal India Limited
  • Madhucon Powers Ltd - India
  • Sindya Power Generating Company Private Ltd
  • Bukit Makmur.PT - Indonesia
  • bp singapore
  • Lanco Infratech Ltd - India
  • Cargill India Pvt Ltd
  • CEB - Sri Lanka
  • ANZ Bank - Australia
  • IHS Mccloskey Coal Group - USA
  • Latin American Coal - Colombia
  • Russian Coal LLC
  • Gujarat Electricity Regulatory Commission - India
  • SRK Consulting
  • Australian Coal Association
  • Tata Chemicals Ltd - India
  • Shree Cement - India
  • Globalindo Alam Lestari - Indonesia
  • Glencore India Pvt. Ltd
  • Thriveni
  • Bharathi Cement Corporation - India
  • Grasim Industreis Ltd - India
  • Aditya Birla Group - India
  • Jaiprakash power ventures ltd
  • IBC Asia (S) Pte Ltd
  • ING Bank NV - Singapore
  • Larsen & Toubro Limited - India
  • Siam City Cement - Thailand
  • Coal and Oil Company - UAE
  • UOB Asia (HK) Ltd
  • Goldman Sachs - Singapore
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Sree Jayajothi Cements Limited - India
  • India Bulls Power Limited - India
  • Eastern Coal Council - USA
  • KPMG - USA
  • Indorama - Singapore
  • GAC Shipping (India) Pvt Ltd
  • IEA Clean Coal Centre - UK
  • Mitsubishi Corporation
  • Shenhua Group - China
  • Petrosea - Indonesia
  • Bangladesh Power Developement Board
  • Economic Council, Georgia
  • Kobe Steel Ltd - Japan
  • The State Trading Corporation of India Ltd
  • Barclays Capital - USA
  • Ministry of Finance - Indonesia
  • Britmindo - Indonesia
  • ACC Limited - India
  • McConnell Dowell - Australia
  • Panama Canal Authority
  • CCIC - Indonesia
  • Kideco Jaya Agung - Indonesia
  • KEPCO - South Korea
  • Electricity Generating Authority of Thailand
  • GHCL Limited - India
  • IMC Shipping - Singapore
  • Thiess Contractors Indonesia
  • Mitra SK Pvt Ltd - India
  • Idemitsu - Japan
  • Mechel - Russia
  • GNFC Limited - India
  • Deloitte Consulting - India
  • Gresik Semen - Indonesia
  • Toyota Tsusho Corporation, Japan
  • Cigading International Bulk Terminal - Indonesia
  • Binh Thuan Hamico - Vietnam
  • Kohat Cement Company Ltd. - Pakistan
  • Maersk Broker
  • MEC Coal - Indonesia
  • Kaltim Prima Coal - Indonesia
  • Infraline Energy - India
  • UBS Singapore
  • Fearnleys - India
  • Gujarat Mineral Development Corp Ltd - India
  • Indian School of Mines
  • Japan Coal Energy Center
  • Essar Steel Hazira Ltd - India
  • Alfred C Toepfer International GmbH - Germany
  • Vijayanagar Sugar Pvt Ltd - India
  • Ernst & Young Pvt. Ltd.
  • Siam city cement PLC, Thailand
  • Ministry of Mines - Canada
  • Coastal Gujarat Power Limited - India
  • Leighton Contractors Pty Ltd - Australia
  • Maheswari Brothers Coal Limited - India
  • globalCOAL - UK
  • Videocon Industries ltd - India
  • PLN Batubara - Indonesia
  • Merrill Lynch Commodities Europe
  • Banpu Public Company Limited - Thailand
  • Berau Coal - Indonesia
  • Formosa Plastics Group - Taiwan
  • TNB Fuel Sdn Bhd - Malaysia
  • Manunggal Multi Energi - Indonesia
  • Vizag Seaport Private Limited - India
  • TANGEDCO India
  • Barasentosa Lestari - Indonesia
  • McKinsey & Co - India
  • NALCO India
  • Deutsche Bank - India
  • Trasteel International SA, Italy
  • Singapore Mercantile Exchange
  • Price Waterhouse Coopers - Russia
  • Inco-Indonesia
  • Planning Commission, India
  • SASOL - South Africa
  • Romanian Commodities Exchange
  • MS Steel International - UAE
  • ETA - Dubai
  • Bhoruka Overseas - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Mintek Dendrill Indonesia
  • Meenaskhi Energy Private Limited - India
  • Mjunction Services Limited - India
  • Qatrana Cement - Jordan
  • Sojitz Corporation - Japan
  • PTC India Limited - India
  • Geoservices-GeoAssay Lab
  • Enel Italy
  • SUEK AG - Indonesia
  • Minerals Council of Australia
  • Indonesia Power. PT
  • Freeport Indonesia
  • Bukit Baiduri Energy - Indonesia
  • CoalTek, United States
  • Power Finance Corporation Ltd., India
  • SMG Consultants - Indonesia
  • KPCL - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Posco Energy - South Korea
  • Kobexindo Tractors - Indoneisa
  • Malabar Cements Ltd - India
  • VISA Power Limited - India
  • Indian Oil Corporation Limited
  • Cemex - Philippines
  • EIA - United States
  • Sical Logistics Limited - India
  • Jorong Barutama Greston.PT - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • Sakthi Sugars Limited - India
  • Wood Mackenzie - Singapore
  • Vitol - Bahrain
  • World Coal - UK
  • Riau Bara Harum - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Permata Bank - Indonesia
  • Intertek Mineral Services - Indonesia
  • Port Waratah Coal Services - Australia
  • Chamber of Mines of South Africa
  • Vale Mozambique
  • Pinang Coal Indonesia
  • Global Coal Blending Company Limited - Australia
  • Adani Power Ltd - India
  • Petrochimia International Co. Ltd.- Taiwan
  • BRS Brokers - Singapore
  • Rashtriya Ispat Nigam Limited - India
  • Core Mineral Indonesia
  • Thermax Limited - India
  • U S Energy Resources
  • LBH Netherlands Bv - Netherlands
  • Independent Power Producers Association of India
  • Gupta Coal India Ltd
  • Moodys - Singapore
  • Agrawal Coal Company - India
  • Australian Commodity Traders Exchange
  • POSCO Terminal, South Korea
  • Indika Energy - Indonesia
  • Arutmin Indonesia
  • CNBM International Corporation - China
  • Timah Investasi Mineral - Indoneisa
  • Karaikal Port Pvt Ltd - India
  • J M Baxi & Co - India
  • GVK Power & Infra Limited - India
  • IOL Indonesia
  • Runge Indonesia
  • Anglo American - United Kingdom
  • Altura Mining Limited, Indonesia
  • Clarksons - UK
  • Mercuria Energy - Indonesia
  • Marubeni Corporation - India
  • NTPC Limited - India
  • Pendopo Energi Batubara - Indonesia
  • TeaM Sual Corporation - Philippines
  • Maruti Cements - India
  • Savvy Resources Ltd - HongKong
  • European Bulk Services B.V. - Netherlands
  • Krishnapatnam Port Company Ltd. - India
  • Kalimantan Lumbung Energi - Indonesia
  • Bank of America
  • Asmin Koalindo Tuhup - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Cardiff University - UK
  • HSBC - Hong Kong
  • Oldendorff Carriers - Singapore
  • Karbindo Abesyapradhi - Indoneisa
  • Peabody Energy - USA
  • Kartika Selabumi Mining - Indonesia
  • Jindal Steel & Power Ltd - India
  • Interocean Group of Companies - India
  • Surastha Cement
  • Attock Cement Pakistan Limited
  • Salva Resources Pvt Ltd - India
  • GMR Energy Limited - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Samtan Co., Ltd - South Korea
  • PetroVietnam
  • ICICI Bank Limited - India
  • GB Group - China
  • Malco - India
  • JPMorgan - India
  • Indonesian coal mining Association
  • APGENCO India
  • Medco Energi Mining Internasional
  • Merrill Lynch Bank
  • Bhatia International Limited - India
  • PNOC Exploration Corporation - Philippines
  • World Bank
  • Edison Trading Spa - Italy
  • Vedanta Resources Plc - India
  • Samsung - South Korea
  • Jatenergy - Australia
  • Coeclerici Indonesia
  • ASAPP Information Group - India
  • PLN - Indonesia
  • Thomson Reuters GRC
  • New Zealand Coal & Carbon
  • Sucofindo - Indonesia
  • Noble Europe Ltd - UK
  • White Energy Company Limited
  • Borneo Indobara - Indonesia
  • Bhushan Steel Limited - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Lafarge - France
  • OPG Power Generation Pvt Ltd - India
  • Standard Chartered Bank - UAE
  • Kumho Petrochemical, South Korea
  • BNP Paribas - Singapore
  • Xstrata Coal
  • Rudhra Energy - India
  • Sinarmas Energy and Mining - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • Uttam Galva Steels Limited - India
  • Star Paper Mills Limited - India
  • SGS (Thailand) Limited
  • Straits Asia Resources Limited - Singapore
  • Tanito Harum - Indonesia
  • The Treasury - Australian Government
  • Eastern Energy - Thailand
  • Rio Tinto Coal - Australia
  • Neyveli Lignite Corporation Ltd, - India
  • Miang Besar Coal Terminal - Indonesia
  • CIMB Investment Bank - Malaysia
  • Makarim & Taira - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Xindia Steels Limited - India
  • Ind-Barath Power Infra Limited - India
  • Renaissance Capital - South Africa
  • RBS Sempra - UK
  • OCBC - Singapore
  • Dalmia Cement Bharat India
  • Mitsui - Indonesia
  • Inspectorate - India
  • Aboitiz Power Corporation - Philippines
  • Credit Suisse - India