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Thursday, 15 April 10
MAJOR THERMAL COAL CONTRACT AT 40% HIGHER PRICE THAN LAST YEAR - BUSINESS STANDARD
 Business-Standard reported that, India is expected to import nearly 60 million tonnes of thermal coal this year.
After coking coal and iron ore, thermal coal supply contracts have now been signed at a much higher price than last year. Recently, term contracts for Newcastle coal were signed at $97-98/mt between producer Xstrata and Japan’s Chubu Electric for 2010-2011, about 40 per cent higher than last year. These were initial contracts. Thermal coal is used by power plants.
Initial expectations were that contracts for thermal coal would be signed at $85-90 a tonne. Last year, thermal coal contracts were settled at $70 a tonne.
James O’Connell, managing editor, Platts, the premier agency that tracks the energy sector, said: “This initial contract is assumed by many to be a benchmark, especially when it is between two such big players.”
Some Japanese utilities link prices of their contracts to the global COAL index. Hence, they do not negotiate an annual price, just an annual tonnage contract. However, according to James: “Bumi Resources, Indonesia’s largest coal producer, told Platts that one of its two coal producing units, Kaltim Prima Corp, settled an FY10 contract with a major Japanese thermal coal buyer at $104/tonne FoB.”
India is expected to import nearly 60 million tonnes of thermal coal this year. MMTC and Adani Enterprises are major importers.
Thermal coal spot prices, ruling around contract prices at present, are unlikely to move up further. According to industry sources, China is presently not in the market and subdued imports from the neighbouring country mean prices will remain capped.
Jigar Shah, head of research, KIM ENG Securities India, said: “This is an initial contract and most of India’s thermal coal imports are from Indonesia. The prices at which they are negotiated will be crucial for Indian power and cement plants which import coal.” Many new private sector power companies import thermal coal. Most of India’s coal imports come from Indonesia and South Africa.
Source: Business-Standard (By: Rajesh Bhayani)
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Saturday, 14 August 10
INDONESIAN THERMAL COAL PRICES EXPECTED TO MOVE UP IN SEPTEMBER 2010 - CHAIRMAN ICMA
COALspot.com: Indonesian Coal Mining Association is expecting, the Indonesian and international coal prices will increase, and will be reached ...
Thursday, 12 August 10
ETA STAR INDIA PUTS FORWARD COAL MINING PLAN FOR TETE, MOZAMBIQUE, IN 2011
ETA Star India Projects Pvt, which is carrying out coal prospecting and surveying work in the Moatize coal region, in Tete province, will present it ...
Thursday, 12 August 10
SUPRAS WERE FIXED IN THE MID/HIGH TEENS FOR INDO-INDIA TRIPS - FEARNBULK
Handy
Activity is gradually picking up in the Atlantic with more enquiries seen for short period tonnage for the end of August. With the grain sea ...
Thursday, 12 August 10
INDONESIAN COAL PRICE REFERENCE REACHED US$ 94.86 FOR AUGUST 2010 SUPPLIES
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Wednesday, 11 August 10
BRAZILIAN GIANT VALE LOOKING TO BOOST ITS COAL OUTPUT
BRAZILIAN mining giant Vale is not content with being the world's largest iron ore miner. The miner is banking on ambitious growth plans to see it ...
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- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Latin American Coal - Colombia
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- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
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- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
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- Chamber of Mines of South Africa
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- Lanco Infratech Ltd - India
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- Bulk Trading Sa - Switzerland
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- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
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- Gujarat Mineral Development Corp Ltd - India
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- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
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- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- TNB Fuel Sdn Bhd - Malaysia
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- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
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- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
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- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
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- Aboitiz Power Corporation - Philippines
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- Globalindo Alam Lestari - Indonesia
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- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
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- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Aditya Birla Group - India
- Posco Energy - South Korea
- Medco Energi Mining Internasional
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- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
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- Sinarmas Energy and Mining - Indonesia
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- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
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