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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, 14 January 10
INDIANS RESUME S. AFRICA COAL BUYING AGAINST INDEX - REUTERS
Indian trade buyers have resumed buying of South African prompt coal cargoes after a two-month hiatus but are opting for index-linked pricing, hopin ...
Wednesday, 13 January 10
STEAMING COAL SUPPLY SPOT CONTRACT FOR TAEAN POWER PLANT
COALspot.com (South Korea): Korea Western Power Co., Ltd is looking for total 1.12 million tons of Bituminous Coal for TAEAN Power Plant.
Accord ...
Wednesday, 13 January 10
INDONESIA ISSUES COAL, METAL DECREE
Indonesia has issued a ministerial decree which requires metal and coal miners to set aside a certain amount of their production for domestic needs, ...
Wednesday, 13 January 10
RESTING TIME FOR INDONESIAN COAL LOADING VESSELS
COALspot.com (Indonesia): 11 - 15 vessels are waiting in anchorages of Muara Berau and Tanjung Pemancingan to load total about 700,000 – ...
Wednesday, 13 January 10
SOUTH AFRICA STEAM COAL PRICE FALLS SHARPLY
Reuters reported that South African physical coal prices fell sharply on Tuesday with a March cargo trade at USD 87.5 a tonne FOB Richards Bay and d ...
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- Price Waterhouse Coopers - Russia
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- Toyota Tsusho Corporation, Japan
- Planning Commission, India
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- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
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- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
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- International Coal Ventures Pvt Ltd - India
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- South Luzon Thermal Energy Corporation
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- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
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- PTC India Limited - India
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- MS Steel International - UAE
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- Chamber of Mines of South Africa
- The University of Queensland
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- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
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- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
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- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Parliament of New Zealand
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Economic Council, Georgia
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
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- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
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- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Australian Coal Association
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
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- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
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- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
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