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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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Thursday, 27 May 10
DRY BULK RATES REACH 2010 HIGHS, BUT FUTURE REMAINS UNCERTAIN
This week is proving to be a milestone for the dry bulk market, as the Baltic Dry Index has propelled itself at never before seen levels for 2010. Y ...
Wednesday, 26 May 10
ADANI GROUP EYES AFRICA FOR COAL MINING PROJECTS
India Info Line reported that, After acquiring coal mines for importing Indonesian coal to run its thermal power plants in the country, the Adani Gr ...
Wednesday, 26 May 10
DRY BULK MARKET SHOOTS UP, CLOSES IN ON POST-CRISIS ERA HIGHS
In an opposite trend than that of the previous week, the Baltic Dry Index (BDI), a benchmark for tracking costs to haul commodities at sea, shot up ...
Wednesday, 26 May 10
BUMI TO CUT UP TO USD 1 BILLION DEBT IN 12 MONTHS
Press Release : PT Bumi Resources Tbk. announced yesterday that it has revived its intent to issue non preemptive shares and added this to the agend ...
Tuesday, 25 May 10
COAL PRODUCTION MAY REACH 320 MILLION TONS THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miners expect to produce as much as 320 million tons of coal this year, an increase of nearly 7 perc ...
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- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- Planning Commission, India
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Economic Council, Georgia
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
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