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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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Wednesday, 13 January 10
ADHUNIK GROUP TO BUY 50 PCT IN AUSTRALIA MINE
The Adhunik group of Industries is in talks to acquire 50 percent in an Australian coking coal mine for $100 million, the Economic Times reported on ...
Wednesday, 13 January 10
COAL MARKETS 2010 CONFERENCE - SINGAPORE, 28 - 29 JANUARY 2010
COALspot.com (Press Release): As an established annual event that has been running for more than 7 years now with extensive industry support from ke ...
Wednesday, 13 January 10
IRON ORE PRICE TIPPED TO RISE 40PC, SAYS ANZ
THE price battle in the controversial iron ore negotiations is expected to intensify.
ANZ senior commodities analyst Mark Pervan has increased h ...
Wednesday, 13 January 10
KANGAROO RESOURCES KICKS OFF INDONESIAN COAL PRODUCTION
Coal-focused company Kangaroo Resources has formally joined the ranks of international coal operators after wrapping up the delivery and sale o ...
Wednesday, 13 January 10
CONSOL SELLS FIRST COAL TO CHINA
Coal and natural gas company CONSOL Energy Inc.made its first sale of high-volume coking coal to Asia from its Bailey Mine in Northern Appalachia. T ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
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- Sojitz Corporation - Japan
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
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- White Energy Company Limited
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- Tamil Nadu electricity Board
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- Global Business Power Corporation, Philippines
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- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
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- Goldman Sachs - Singapore
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- Mjunction Services Limited - India
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- IHS Mccloskey Coal Group - USA
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- India Bulls Power Limited - India
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- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
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- International Coal Ventures Pvt Ltd - India
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- New Zealand Coal & Carbon
- The University of Queensland
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
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- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
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- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
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- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
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- Xindia Steels Limited - India
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- Alfred C Toepfer International GmbH - Germany
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- Iligan Light & Power Inc, Philippines
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- Parry Sugars Refinery, India
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- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
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- Coal and Oil Company - UAE
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- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
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- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
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- Electricity Authority, New Zealand
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- Merrill Lynch Commodities Europe
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- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
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- Australian Coal Association
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- Parliament of New Zealand
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