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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 $104/tonne FoB.”
India is expected to import nearly 60 million tonnes of thermal coal this year. MMTC and Adani Enterprises are major importers.
Thermal coal spot prices, ruling around contract prices at present, are unlikely to move up further. According to industry sources, China is presently not in the market and subdued imports from the neighbouring country mean prices will remain capped.
Jigar Shah, head of research, KIM ENG Securities India, said: “This is an initial contract and most of India’s thermal coal imports are from Indonesia. The prices at which they are negotiated will be crucial for Indian power and cement plants which import coal.” Many new private sector power companies import thermal coal. Most of India’s coal imports come from Indonesia and South Africa.
Source: Business-Standard (By: Rajesh Bhayani)
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Saturday, 19 December 09
THE FUTURES FOR 2010 - 2012 FIRMED UP COMPARED TO LAST WEEK AND WAS AT AROUND CAPE US$ 28,000 PER DAY - VISTAAR
COALspot.com (Singapore): The freight market continued to soften this week with major drop in the cape size index by almost 21 pct and Panamax , Sup ...
Friday, 18 December 09
CARGOTEC WINS IBJ'S BEST SHIP LOADING / UNLOADING SYSTEM AWARD WITH SIWERTELL
Cargotec’s Siwertell ship unloader has recently won International Bulk Journal’s best ship loading/unloading system award for 2009; out ...
Friday, 18 December 09
THERMAL COAL PROJECT MOVES AHEAD
A proposal for Australia's largest thermal coal project in Queensland's central west has taken a step forward.
Hancock Prospecting is proposing ...
Friday, 18 December 09
CHURCHILL MINING COMPLETES FEASIBILITY STUDY FOR EAST KUTAI COAL PROJECT
Churchill Mining Plc has announced the completion of the feasibility study for its flagship project, the 75% held East Kutai coal project in Indones ...
Friday, 18 December 09
COKING COAL SHORTAGE IN CHINA TO SPUR DEMAND FIGHT WITH JAPAN
China, the world’s largest steelmaker, faces a shortage of coking coal that may drive imports next year and spur a fight for resources with Ja ...
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- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
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