COALSPOT.COM IS A BRAND NAME, NOT A PORTAL NAME Saturday, 25 May 2013
  • SHARE YOUR COAL NEWS WITH COALspot.com - news@coalspot.com
  • Indonesian 5800 GAR coal (Physical) market direction: FLAT - COALspot.com's self assessment (updated on 15/5/13)
  • Indonesia has set the MAY 2013 Coal Price Reference at US$ 85.33 per ton
  • SGX AsiaClear OTC FOB Sub-Bit Indonesia Coal Swap for Q4 2013 Contract - $63.70 (-0.04% dod) 23/5 8pm SG time - SGX
  • SGX AsiaClear OTC FOB Sub-Bit Indonesia Coal Swap for Q3 2014 Contract - $63.40 (-0.08% dod) 24/5 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

Friday, 22 June 12
PRESENT SPOT WEAKNESS IS TEMPORARY, SEASONAL AND RISE AS WINTER APPROACHES - BUMI


COALspot.com - PT Bumi Resources Tbk, the world’s one of the largest coal producer and Indonesia’s largest multi grade coal miner has no plan to review their existing expansion plan for 2013  due to current coal price weakness. According to Dileep Srivastava' company’s corporate secretary’s E-mail note Bumi will stand on their 2013 expansion plan without any change.

"We view present spot weakness as temporary, seasonal and rise as winter approaches", Dileep shows his optimistic on future coal prices.

Bumi is also planning to drop strip ratio to 10:1 this year (vs 11.5:1 last year) to keep their production cost under control. Bumi supplies 20% of its total production to domestic market and remaining 80% for export market.

“Japan, India & China are account for 50% of our exports. Taiwan, Hong Kong, South Korea, Malaysia and  Philippines are the rest with some to Europe”, he replied in E-mail.

Due to sudden dropped in coal prices there were number of cancellation or delay in performing coal shipments including re-negotiation on contracted prices from Indonesia. However, Its seems that, BUMI has not affected delays or cancellation. “A shipment delay or two (including local) but no request for re-pricing” Bumi’s note says.

According to Dileep, Bumi’s 67% of year '12 estimated production (of 75 m tons) has been contracted at fixed price. The contracted price was at around +$85/ton FOB. The remaining 15% of quantity has been sold index linked price (GCNEWC index (global Newcastle) for Asia Market) with a fixed premium.
(updated on 23/6/2012 - 00:08 SG time)


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

Recent News

Friday, 24 May 13
ENGAGEMENT WITH POTENTIAL STRATEGIC AND OFF TAKE PARTNERS ACCELERATING - REALM RESOURCES
COALspot.com - Following the recent completion of the Feasibility Study, the Realm Resources Ltd. (ASX: RRP)  has focused on securing strategic ...


Friday, 24 May 13
US'S COAL PRODUCTION INCREASED WEEK ON WEEK
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 18.90 million short tons (mmst) of ...


Friday, 24 May 13
OPG POWER VENTURES OF INDIA LOOKING FOR 210,000 MT OF 4,200 GAR INDONESIAN THERMAL COAL
COALspot.com - OPG Power Ventures Plc (OPG) is an AIM listed (London Stock Exchange) and fast growing developer and operator of power plants in Indi ...


Thursday, 23 May 13
HANDY : THE ATLANTIC MARKET REMAINS UNCHANGED - FEARNRESEARCH
Handy The Atlantic market remains unchanged. USG-Feast rates were around USD 19k. Little change from last week in the Pacific, fewer stems and tonn ...


Thursday, 23 May 13
COLOMBIA SHIPPED 11.74 MILLION TONS OF THERMAL COAL IN Q1
COALspot.om - Colombia produced about 18,388,972.94 mt of coal for the first quarter of 2013.  Q1' 2013 coal production was around 21.42 p ...


   1 2 3 4 5   
Showing 1 to 5 news of total 2600
News by Category
Popular News
 
Registered Members : 15,156

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

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