We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
|
|
Thursday, 01 April 10
PROFIT AT TWO INDONESIAN COAL MINERS SOARS AS RECOVERY STIRS GREATER DEMAND, HIGHER PRICES - THE JAKARTA GLOBE
The Jakarta Globe reported that, Two of the country’s biggest coal producers enjoyed a surge in profit last year as prices rose and demand pic ...
Thursday, 01 April 10
BHP BILLITON TO SELL STAKE IN MARUWAI TO ADARO - THE JAKARTA POST
The Jakarta Posted reported that, BHP Billiton has agreed to sell 25 percent of its stake in the Maruwai Coal Project in Kalimantan to Indonesia&rsq ...
Thursday, 01 April 10
AUSTRALIAN COAL PRODUCER REJECTS $3 BILLION PEABODY OFFER - STL TODAY
STL today reported that, Australian coal producer Macarthur Coal Ltd. rejected a $3 billion cash takeover bid from Peabody Energy Corp., which seeks ...
Thursday, 01 April 10
TATA POWER EYES MORE COAL FROM INDONESIA FOR ITS FUTURE PLANTS - FINANCIAL EXPRESS
Financial Expressreported that, Tata Power, one of the largest private sector power utilities in the country with interests in generation, transmiss ...
Wednesday, 31 March 10
COAL INDIA MULLS JOINT VENTURE WITH RIO TINTO AND PEABODY - DNA
DNA reported that, Coal India Ltd. (CIL) has finalised two key contenders for its international joint venture (JV) in Australian and US each. The co ...
|
|
|
Showing 5906 to 5910 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Planning Commission, India
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
|
| |
| |
|
