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, 11 February 10
THE INDIAN MARKET SOFTENING A BIT - FEARNRESEARCH
Handy
The BSI has gone down for 3 weeks now but it is more a reflection of the Pac market. Activity in the Atl remains solid and rates remain firm ...
Thursday, 11 February 10
SOUTH AFRICA COAL EXPORTS DROP TO INDIA, CHINA
South African coal exports to India from Richards Bay Coal Terminal fell 39% in January from December's levels while shipments to China dropped 55% ...
Thursday, 11 February 10
JSW STEEL IS CLOSE TO ACQUIRING TWO COAL MINES IN THE US
“We are in advanced stages of negotiation and the deal will be completed in a month or two,” a company official told DNA Money on the co ...
Wednesday, 10 February 10
BHP TAKES MARUWAI SALE OFF THE TABLE, MINISTRY SAYS
Australian mining giant BHP Billiton may cancel a plan to sell a stake in its coal mining project in Maruwai, East Kalimantan, an official at the En ...
Wednesday, 10 February 10
JPMORGAN FORECASTS A 5.7% GROWTH IN SEABORNE IRON ORE SHIPMENTS, 3.8% FOR COAL AND GRAIN THIS YEAR
This year volumes of iron ore transportation by sea may grow to 5.7%, coal and grain up 3.8% over numbers in 2009, Ukrrudprom reports citing analyst ...
|
|
|
Showing 6006 to 6010 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- India Bulls Power Limited - India
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Central Electricity Authority - India
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- The University of Queensland
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Australian Coal Association
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
|
| |
| |
|
