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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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Sunday, 14 March 10
CHINESE COAL PRICE MAY RISE TO TRADE NEAR SPOT, MACQUARIE SAYS
Bloomberg reported that, Steel mills in China, the world’s biggest producer of the alloy, may pay more for domestic coking coal this year as d ...
Sunday, 14 March 10
THERE IS NO INDICATION OF SLOWING DOWN OF IRON ORE AND COAL IMPORTS BY CHINA - VISTAAR SINGAPORE
COALspot.com: The dry bulk freight market continued the upward trend and the BDI closed 8.14 pct this week.
The Cape index up by 10.32 pct ...
Saturday, 13 March 10
INDONESIA COAL EXPORTS DROP IN FEBRUARY
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons in January 2010 which fell slightly to 22.89 mln ton of coal i ...
Saturday, 13 March 10
INDONESIA TELLS BUKIT ASAM TO DITCH PARTNER IN SUMATRA RAILWAY UNLESS PROJECT STARTS
The Jakarta Globe reported that, the Indonesian government has urged state-owned miner PT Tambang Batubara Bukit Asam to look for new partners to he ...
Saturday, 13 March 10
OPTIMUM COAL AIMS TO RAISE R1,6 BILLION IN LISTING
All Africa reported that, COAL mining and exploration company Optimum Coal yesterday announced plans to list on the JSE at the end of the month ...
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- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Anglo American - United Kingdom
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Ambuja Cements Ltd - India
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- The University of Queensland
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
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