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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, 13 February 10
COAL INDIA 2010/11 COAL IMPORTS TO JUMP - EXEC
Coal imports by state-run Coal India Ltd are likely to soar to 6-10 million tonnes in fiscal 2010/11 from an expected 1.5-1.7 million tonnes in the ...
Saturday, 13 February 10
RULES MAY FREE $10B OF MINING PROJECTS IN INDONESIA
The government announced on Friday that it had issued two implementing regulations for the new Mining Law that will clear the way for the developmen ...
Saturday, 13 February 10
INDONESIA OFFERS TAX INCENTIVES FOR RENEWABLE ENERGY
Indonesia is offering tax incentives to develop renewable energy projects, including geothermal energy, to cut dependency on fossil fuels, a decree ...
Friday, 12 February 10
MECHEL EYES 2010 COAL OUTPUT AT 28-29 MLN T
Russian steel and coking coal producer Mechel expects coal output to reach 28-29 million tonnes this year, returning to pre-crisis levels thanks to ...
Friday, 12 February 10
TATA POWER: QUARTERLY BLIP
Although the company’s revenues dipped in the December quarter, its long-term story is intact.
Lower power generation and realisations saw ...
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- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Planning Commission, India
- Indian Energy Exchange, India
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- Parliament of New Zealand
- Australian Coal Association
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
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