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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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Wednesday, 10 February 10
ANGLO AMERICAN TIPS COAL PRICE RISE AFTER RAIN, AUSTRALIAN SAYS
Anglo American Plc expects coking coal contract prices to rise after weeks of heavy rain in Queensland state cut output by as much as 10 million met ...
Wednesday, 10 February 10
KANGAROO RESOURCES COMMENCES MINING AT MAMAHAK COKING COAL PROJECT
International coal producer Kangaroo Resources has kicked off mining at its second Indonesian coal operation, the Mamahak Coking Coal Project in Eas ...
Wednesday, 10 February 10
CHINA DENIES CLIVE PALMER'S COAL DEAL
ONE of China's biggest government-owned companies yesterday repudiated mining billionaire Clive Palmer for overstating what he said was Australia' ...
Tuesday, 09 February 10
INDIANS SAY SEEKING COAL BARGAINS VIA INDEX PRICES
* Indonesian cheaper than S.African - traders
* End-users wait for price falls before tendering
Indian coal traders responsible for the bulk of ...
Tuesday, 09 February 10
EURO COAL-PROMPT SLIDES WITH OIL PRICES
* April S.African cargo trades at $83.50/T FOB, unchanged
* April DES cargo trades at $74.75 a tonne, down $1/T
* Russia's Kuzbassrazrezugol sees ...
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- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Planning Commission, India
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- White Energy Company Limited
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
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