COALspot.com keeps you connected across the coal world

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


Search News
Latest CoalNews Headlines
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)



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 17 June 10
INDONESIAN COAL PRICE REFERENCE FOR JUNE IS US$ 97.22/TON UP 5.59 PERCENT
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has been publishing a monthly coal price reference (HBA) to be us ...


Thursday, 17 June 10
COAL EXPLORATION & DEVELOPMENTS HOTPOTS CONFERENCE
  Press Release: The Coal Exploration and Developments Hotspots conference will bring together a panel of more than 20 of the world’s lead ...


Thursday, 17 June 10
AUSTRALIA'S LEIGHTON WINS $1.3 BILLION OF NEW WORK - THE JAKARTA POST
Australian construction and contract mining group Leighton Holdings Ltd. said Thursday it has won 1.5 billion Australian dollars ($1.3 billion) of n ...


Wednesday, 16 June 10
INDONESIAS STATE OWNED ELECTRICITY COMPANY WILL CONSUME 95.30 MILLION TONS OF COAL IN 2014
COALspot.com: Indonesia's state owned  electricity company forecasted  its coal requirement in 2014 would be around 95 million tons.  ...


Wednesday, 16 June 10
MADHYA PRADESH GOVT IMPORT 50K METRIC TONNES OF COAL FROM INDONESIA - DNA INDIA
DNA India reported that, the Madhya Pradesh government has imported 50,000 metric tonnes of coal from Indonesia to deal with its shortage which is a ...


   1154 1155 1156 1157 1158   
Showing 5776 to 5780 news of total 6871
News by Category
Popular News
 
Total Members : 28,697
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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