COALSPOT.COM IS A BRAND NAME, NOT A PORTAL NAME Sunday, 19 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 - $63.15 (0.03% dod) 17/5 8pm SG time - SGX
  • SGX AsiaClear OTC FOB Sub-Bit Indonesia Coal Swap for Q3 2014 Contract - $62.93 (0.03% dod) 17/5 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

Sunday, 19 May 13
COAL PRICES ARE SLUMPING DUE TO FALLING DEMAND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have gained 0.03 percent and API 8 CFR South China Coal shipment g ...


Sunday, 19 May 13
FREIGHT RATES TO REMAIN UNSTABLE AND VOLATILE - CAPT. REDDY
COALspot.com – The freight remained weak this week with all the segments down. The BDI, the Baltic Dry Index is a number issued daily by th ...


Friday, 17 May 13
US COAL PRODUCTION CLIMBED 3.35 PER CENT WEEK ON WEEK
COALspot.com - U.S. produced totaled approximately 18.50 million short tons (mmst) in a week (For the week ended May 11, 2013), EIA said in its late ...


Thursday, 16 May 13
PANAMAX: THE FORWARD CURVE IS FALLING GRADUALLY - FEARNRESEARCH
Handy The Atlantic market remained quiet. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 11k. The Pacific market remained uncertain as ...


Tuesday, 14 May 13
KALIMANTAN COAL
Press Release : After a very successful conference in 2012, the second annual event will address latest market developments and address the future p ...


   1 2 3 4 5   
Showing 1 to 5 news of total 2593
News by Category
Popular News
 
Registered Members : 15,095

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

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