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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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Friday, 19 March 10
COAL INDIA TO HIT CAPITAL MARKETS IN JULY
India’s largest coal producer, Coal India Ltd (CIL), expects to hit the capital markets by July, company chairman Partha S. Bhattacharyya said ...
Thursday, 18 March 10
COAL IMPORTS SOAR IN NANTONG PORT OF JIANGSU PROVINCE CHINA
BloombergUTV reported that, Coal imports at Nantong Port, located in coastal China's Jiangsu Province, soared 13 times to 581,000 tonnes in the fir ...
Thursday, 18 March 10
INNER MONGOLIA TO CAP COAL OUTPUT AT 700 MLN TONS IN 2010
Alibaba / China Knowledge reported that, Inner Mongolia, China's northern border autonomous region, plans to control coal output at 700 million ton ...
Thursday, 18 March 10
THE INDIAN MARKET WAS QUIET, BUT BECAUSE OF THE TIGHT TONNAGE SITUATION STILL FIRM - FEARNLEYS AS
Handy
Activity continues to be solid in the Atlantic.
Supramax physical market is strong which pushed the BSI to a 17 month high at ...
Thursday, 18 March 10
INDONESIAN COAL PRODUCTION EXPECTED TO BEAT EARLIER FORECAST
The Jakarta Globe reported that, the government expects coal output this year to exceed its initial projection of 250 million metric tons as the dri ...
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- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
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