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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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Thursday, 04 February 10
COAL PRODUCTION EXPECTED TO REACH 280 MILLION METRIC TONS - INDONESIA UPDATE
Indonesia`s coal production target for 2010 has been set at 275 million to 280 million metric tons, according to the Association of Indonesian Coal ...
Thursday, 04 February 10
MASSEY CEO 'NOT EXCITED' ABOUT PROSPECT OF QUARTERLY COAL PRICING
US coal producer Massey Energy is not in favour of switching to a quarterly pricing schedule for metallurgical coal, from the current annual price b ...
Thursday, 04 February 10
BUKIT ASAM GOES SHOPPING FOR MORE COAL MINES
State-owned coal miner PT Tambang Batubara Bukit Asam has set aside Rp 1.5 trillion ($162 million) to acquire two coal mines in East Kalimantan, pre ...
Thursday, 04 February 10
PTT EYES OVERSEAS COAL
Revenue could reachUS$600 million a year
PTT Plc, Thailand's largest energy company, aims to raise the annual revenue from its overseas coal bus ...
Thursday, 04 February 10
RI TO GRADUALLY STOP COAL EXPORTS
Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop ...
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Showing 6026 to 6030 news of total 6871 |
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- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- The University of Queensland
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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