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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, 30 December 09
INDIA CEMENTS TO FINALIZE 3 SHIPMENTS OF SOUTH AFRICAN COAL NEXT WEEK
COALspot.com (India): India Cements is looking for 3 shipments (150,000MT) of South African coal for January – March 2010 delivery on C ...
Wednesday, 30 December 09
BANPU EXPECTS STABLE COAL PRICES
2009 revenue growth will be hard to beat
Banpu Plc, Asean's largest coal miner, expects coal prices to stay firm at about US$80 per tonne in the f ...
Wednesday, 30 December 09
CIL DELISTS JAGUAR ENERGY FOR KODA LINKS
Coal India Ltd (CIL) has dropped Indonesia-based Jaguar Energy & Power Ltd from the list of companies, it intended to forge partnerships with to ...
Wednesday, 30 December 09
COAL PRICE RISE REQUEST DENIED
A proposal by the Viet Nam National Coal and Mineral Industries Group to double the price of coal has been turned down by the Ministry of Industry a ...
Wednesday, 30 December 09
CHINA'S 2010 COAL DEMAND COULD RISE 4%-6%, ACCORDING TO CHINA SECURITIES JOURNAL
China, which is the world’s second-largest energy user, may consume between 4 and 6% more coal next year on continued economic growth, China S ...
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- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Australian Coal Association
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
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