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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, 10 April 10
VESSELS OPEN N. CHINA WERE SEEN FIXED AT HIGH TEENS FOR TRIP VIA INDONESIA TO INDIA - VISTAAR SINGAPORE
COALspot.com: The BDI indices was almost at same levels was down by only 2.6 pct.
The cape index was down by almost 13 pct, which appears to be s ...
Saturday, 10 April 10
KRISHNAPATNAM PORT GROWS BY ALMOST 100% IN ITS SECOND YEAR OF OPERATIONS
COALspot.com ( Press Release): It has been a year of setting numerous records for Krishnapatnam Port. Krishnapatnam Port is only in its second year ...
Saturday, 10 April 10
TRANS-ASIA SEEKS SEMIRARA, INDO SUPPLIERS FOR COAL POWER PLANT - MANILA STANDARD TODAY
Manila Standard Today reported that, Trans-Asia Oil & Energy Development Corp., a unit of the Phinma Group, will tap Semirara Mining Corp. ...
Thursday, 08 April 10
THE FAR EAST SHIPPING MARKET FIRMING SINCE THE LAST WEEK
Handy
Little fresh interest early this week after the holidays. The BSI saw yest ...
Thursday, 08 April 10
INDONESIAN ENERGY MINISTRY SEEKS LONGER MINING CONTRACTS - THE JAKARTAGLOBE
The Jakarta Globe reported that, Energy Minister Darwin Zahedy Saleh said he would seek to amend the mining law to address investors’ complain ...
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- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Parliament of New Zealand
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- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Thai Mozambique Logistica
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
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- PowerSource Philippines DevCo
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- Eastern Coal Council - USA
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- India Bulls Power Limited - India
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- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
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- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
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- SN Aboitiz Power Inc, Philippines
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- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
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- Indian Energy Exchange, India
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- Tamil Nadu electricity Board
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- GVK Power & Infra Limited - India
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- Chettinad Cement Corporation Ltd - India
- ASAPP Information Group - India
- VISA Power Limited - India
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
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- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
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- Vijayanagar Sugar Pvt Ltd - India
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- Bahari Cakrawala Sebuku - Indonesia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
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- Global Green Power PLC Corporation, Philippines
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- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- Planning Commission, India
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