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Thursday, 25 March 10
INDIAS MAHARASHTRA SEEKS TO IMPORT 3.35 MILLION TONS OF COAL - BLOOMBERG
 Bloomberg reported that, Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, is seeking 3.35 million metric tons of steaming coal in the year starting April 1, its biggest import so far.
“So far we’ve been doing fixed price contracts for coal where we’d buy at one price for the whole year,” Subrat Ratho, the utility’s managing director, said in a telephone interview. “From this tender onward, we will be buying at prices linked to global coal prices.”
Indian state-run generators, especially those located along the coasts, are expected to import more coal this year on directions from the Ministry of Power as it seeks to cut electricity shortages of as high as 13 percent. India’s thermal coal imports surged last year to about 60 million tons from about 30 million tons in 2008, Macquarie Group said this month.
The steam coal tender may feed the Mumbai-based company’s power plants in Nasik, Bhusawal, Khaparkheda, Parli and Chandrapur, according to a tender notice sent to traders this week. The bids are due on April 13. There will be two parts to the bid, one to evaluate the selling company’s capability and the other for the price.
Mahagenco, as the company is known, plans to import 3.35 million tons of power plant coal in the year starting April 1, 40 percent more than 2.4 million tons in the year ending March 31, Ratho said.
“We would like to import as little as we can because overseas coal is six-times more expensive than Indian coal,” Ratho said. “But it appears the Ministry of Power has made an assessment of how much coal the domestic companies will be able to supply to various states and have given us this target.”
Power-station coal prices at Newcastle, an Asian benchmark, rose 1.2 percent last week, according to the globalCOAL NEWCIndex. Prices gained $1.12 to $95.04 a ton in the week ended March 19.
State-owned Mahagenco operates plants with a total installed capacity of 9,996 megawatts of hydroelectric, thermal and hydro plants, according to the Web site.
Source: Bloomberg ( By Archana Chaudhary, Dinakar Sethuraman)
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Thursday, 08 April 10
INDONESIAN ENERGY MINISTRY SEEKS LONGER MINING CONTRACTS - THE JAKARTAGLOBE
The Jakarta Globe reported that, Energy Minister Darwin Zahedy Saleh said he would seek to amend the mining law to address investors’ complain ...
Thursday, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN
ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal ...
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (B ...
Tuesday, 06 April 10
NEWCASTLE COAL EXPORTS RISE 24%, SHIP QUEUE SHORTENS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power st ...
Tuesday, 06 April 10
UAE STEEL TRADERS FEAR LOSSES ON GLOBAL HIKE
A sudden spurt in the price of iron ore in the international market has caught local steel traders and manufacturers and a host of other steel-depen ...
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- GMR Energy Limited - India
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- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
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- Standard Chartered Bank - UAE
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- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
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- SMC Global Power, Philippines
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- Coal and Oil Company - UAE
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- South Luzon Thermal Energy Corporation
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- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
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- Sree Jayajothi Cements Limited - India
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- Sojitz Corporation - Japan
- The University of Queensland
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- Sindya Power Generating Company Private Ltd
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- Parliament of New Zealand
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- Petron Corporation, Philippines
- Minerals Council of Australia
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- Sical Logistics Limited - India
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- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Planning Commission, India
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
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- Star Paper Mills Limited - India
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- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Economic Council, Georgia
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
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- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
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- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
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