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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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Tuesday, 13 April 10
CHINA COAL SEEING 'STRONG DEMAND,' PUDA COAL CFO SAYS - BUSINESS WEEK
Business Week reported that, China coal prices will increase this year as the nation’s industry expands and a drought in the southwest region ...
Tuesday, 13 April 10
PEABODY, COAL INDIA CONFIRM 'EARLY STAGE' TALKS - MINING WEEKLY
Mining Weekly reported that, US coal-miner Peabody Energy is holding discussions with Coal India, the company said on Monday, after an Australian ne ...
Tuesday, 13 April 10
ANGLO PREDICTS HIGH COAL PRICES, STEADY SUPPLY
Busrep / Reuters reported that, Coal prices were expected to remain strong this year, while exports would match last year's despite rail cons ...
Tuesday, 13 April 10
THE PANAMAX MARKET CONTINUED TO STRENGTHEN - BRS DRY BULK
Panamax rates continue to beat the market, and the Panamax 4TC is now trading at a 25% premium to the Cape 4TC — the biggest margin since the ...
Monday, 12 April 10
INDIA'S NALCO TO INVEST BIG IN INDONESIA'S ALUMINIUM PROJECT - BERNAMA
Bernama reported that, India's state- owned National Aluminium Company Ltd (Nalco) is to pump in massive investment to set up a aluminium smelter a ...
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- Vizag Seaport Private Limited - India
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- Power Finance Corporation Ltd., India
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- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
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- Standard Chartered Bank - UAE
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- McConnell Dowell - Australia
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- MS Steel International - UAE
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- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
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- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
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- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
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- Global Business Power Corporation, Philippines
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- Sojitz Corporation - Japan
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- Chamber of Mines of South Africa
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- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
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- Medco Energi Mining Internasional
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- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- White Energy Company Limited
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
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- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Planning Commission, India
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
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- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
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- Renaissance Capital - South Africa
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