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Saturday, 22 May 10
INDUSTRY QUESTIONS STEAM COAL PRICE ANOMALY
Five South Korean utilities have secured a deal for 3.13 million tonnes of Australian thermal coal with a calorific value of 6,080kcal/kg for delivery between April 2010 and March 2011.
Industry eyebrows have been raised with the five utilities who combined own a 5% stake in the NSW Moolarben Mine securing the deal at USD 92.60 per tonne a significant gap between the physical and index prices of Australian coal.
Energy Publishing’s NEX Index for Newcastle spot coal was USD 103.15 per tonne FOB as at May 13th 2010. In April, long term thermal coal contracts for the Japanese fiscal year April 1st 2010 to March 31st 2011 were settled at USD 98 per tonne.
Late last month, Australia’s thermal coal hit an 18 month high of USD 108 per tonne while under a recent term deal, one Australian producer agreed to supply up to 2 million tonnes of coal at low USD 90s to a Korean utility. The Moolarben mine is owned by Felix Resources and located 40 kilometres north east of Mudgee in the Western Coalfields of New South Wales.
Source: Steel Guru / Energy Publishing
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Wednesday, 17 February 10
JORONG COULD COST BANPU 5%
Banpu Plc, Asean's biggest coal miner, forecasts a 5% drop in revenue if its suspended coal mine in Indonesia is closed for one year, says presiden ...
Wednesday, 17 February 10
RUSSIA KRU JAN COAL EXPORTS DOWN 4 PCT
Kuzbassrazrezugol, Russia's second largest steam coal producer, exported 1.859 million tonnes of coal last month, down 80,000 tonnes or 4 percent f ...
Wednesday, 17 February 10
VEDANTA SET FOR PORTS ENTRY WITH VIZAG TENDER
Vedanta, along with Leighton Contractors India, quoted a revenue share of 38.1% to win the 30-year contract
Mining and metals conglomerate Vedant ...
Tuesday, 16 February 10
TRENDS DRY BULK MARKET ... TRENDS - BRS
The start of the Chinese New Year had an immediate impact on rates and for once all the dry bulk segments lost similar ground.
The BDI fell 5%, a ...
Tuesday, 16 February 10
LAW POSES THREAT TO INDONESIA'S COAL INDUSTRY
A zoning law could cost coal miners billions of dollars this year alone, hurt investment in the industry and disrupt the supply of the fuel to the c ...
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- Chettinad Cement Corporation Ltd - India
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- Orica Mining Services - Indonesia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Ministry of Mines - Canada
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- Africa Commodities Group - South Africa
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- Salva Resources Pvt Ltd - India
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- Riau Bara Harum - Indonesia
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- Ministry of Transport, Egypt
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- Goldman Sachs - Singapore
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- TNB Fuel Sdn Bhd - Malaysia
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- Economic Council, Georgia
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- Timah Investasi Mineral - Indoneisa
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- Therma Luzon, Inc, Philippines
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- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
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- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
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- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
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- Maheswari Brothers Coal Limited - India
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- Chamber of Mines of South Africa
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- Indonesian Coal Mining Association
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- Australian Coal Association
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- Sree Jayajothi Cements Limited - India
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- Tamil Nadu electricity Board
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- MS Steel International - UAE
- New Zealand Coal & Carbon
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- Indogreen Group - Indonesia
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- Samtan Co., Ltd - South Korea
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- Malabar Cements Ltd - India
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- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
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- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Parliament of New Zealand
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