COALSPOT.COM IS A BRAND NAME, NOT A PORTAL NAME
  • SHARE YOUR COAL NEWS WITH COALspot.com - news@coalspot.com
  • COALspot.com's self assessment - Indonesian 5800 GAR coal (Physical) market direction: FLAT (last updated : 23 April 2014)
  • Ministry of Energy of Indonesia has revised down APRIL 2014 Coal Price Reference to US$ 74.81 per ton (Last Update: 07/4/14)
  • SGX AsiaClear OTC FOB Sub-Bit Indonesia Coal Q3 2014 (Contract) Avg DSP - US$ 58.15 (+0.09% dod) 23 April 2014(8pm SG time) - SGX
  • SGX AsiaClear OTC FOB Sub-Bit Indonesia Coal Q2 2014 (Contract) Avg DSP - US$ 57.92 (+0.17% dod) 23 April 2014(8pm SG time) - SGX

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

Thursday, 24 April 14
HANDY : A FLOW OF FRESH REQUIREMENTS LIFTING THE PACIFIC SLOWLY TO US$ 10-11 K BSS SINGAPORE FOR COAL ROUNDS
Handy There is still no place to hide in the Atlantic for the smaller but flexible sizes. Slow and weak seems to be the headlines, although th ...


Wednesday, 23 April 14
EUROPE WOULD BE HARD PRESSED TO REPLACE RUSSIAN GAS, FITCH RATINGS SAYS
A ban on Russian gas imports to the EU would cause substantial disruption to Europe's economy and industry, Fitch Ratings says. In the immed ...


Wednesday, 23 April 14
KOMIPO INVITES BIDS FOR LOW VOLATILE BITUMINOUS COAL
COALspot.com : Korea Midland Power Co., Ltd. has invited bids through International open bidding for 90,000 Metric Tons (MT) of low volatile bit ...


Tuesday, 22 April 14
INDONESIAN MARCH COAL EXPORT VOLUME SURGE 9.12% TO 35.54 MMT
COALspot.com:  Indonesia, one of the world's largest coal producer and the global largest multi grade coal exporter shipped around $1.9 ...


Tuesday, 22 April 14
NEWCASTLE WEEKLY COAL EXPORTS FELL 13.33% THIS PAST WEEK
COALspot.com: In the week ended 07:00 hours 21 April 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensl ...


   1 2 3 4 5   
Showing 1 to 5 news of total 3131
News by Category
Popular News
 
Registered Members : 17,936

Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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