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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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Monday, 26 July 10
CEMENT MAKERS EXPLORE NEW FUELS TO REPLACE COAL - ECONOMIC TIMES
Economic Times reported that, As the cement industry reels under high raw material costs and reduced coal linkages, companies are exploring alternat ...
Saturday, 24 July 10
INDONESIAS BUKIT ASAM H1 2010, SALES RAISED 10% TO 6.44 MILLION TONS
COALspot.com: PT Tambang Batubara Bukit Asam (PTBA), Indonesian state owned mining company’s H1 2010, sales raised 10% to 6.44 million tons. T ...
Saturday, 24 July 10
INDONESIAN COAL MINERS ARE REQUIRED TO SUPPLY 64.96 MLN TONS OF COAL TO DOMESTIC MARKET IN 2010
COALspot.com : Minister of Energy and Mineral Resources of Indonesia has issued a ministerial degree related to Domestic market obligation (DMO) for ...
Saturday, 24 July 10
THE BDI SEEMS TO BE RECOVERING AND WAS UP BY ABOUT 6 PCT - CAPT. REDDY
COALspot.com: "The BDI seems to be recovering and was up by about 6 pct this week after losing for almost last 7 weeks", said Capt. Reddy, ...
Saturday, 24 July 10
ANALYSIS - GROWTH IN VESSEL SUPPLY PRESSURES OCEAN FREIGHT RATES
It's common to use global shipping rate trends as a proxy of global economic health. If demand for goods and raw materials are strong, so should it ...
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- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- Planning Commission, India
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- The Treasury - Australian Government
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