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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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Tuesday, 16 February 10
KPMG PENS 6-POINT STRATEGY FOR COAL INDIA RESTRUCTURING
Coal India Ltd (CIL) has appointed KPMG Advisory Services Pvt Ltd to advise on consolidating its position as the country’s prime energy provid ...
Monday, 15 February 10
MINING LAW TO BE REVISED
Law No. 4 of 2009 on mineral and coal mining will be revised after a working visit of the Bangka Belitung (Babel) Provincial legislative assembly (D ...
Monday, 15 February 10
EURO COAL PRICES SOFTEN AS CHINESE LUNAR NEW YEAR HOLIDAYS START
Prices of prompt cargoes of coal for delivery into Europe weakened last week on a lack of European demand and market nerves over the possible impact ...
Monday, 15 February 10
INDONESIAN COAL SUFFERS SETBACK AS SUMATRA RAIL LINE HELD UP AGAIN
State-owned coal miner PT Tambang Batubara Bukit Asam’s $1.06 billion rail project in Sumatra faces more delays, and the cost of the project i ...
Monday, 15 February 10
MEC INFRA TO COMMISSION INDONESIA RAIL PROJECT
A joint venture between Ras Al Khaimah Investment Authority (Rakia) RAK Investment Authority and Minerals Energy and Commodities Holdings, a f ...
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- Indonesian Coal Mining Association
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- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
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- VISA Power Limited - India
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- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
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- Savvy Resources Ltd - HongKong
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- Lanco Infratech Ltd - India
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- SMC Global Power, Philippines
- White Energy Company Limited
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- Ministry of Mines - Canada
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- Economic Council, Georgia
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- Electricity Authority, New Zealand
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- Parliament of New Zealand
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- Ministry of Finance - Indonesia
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- Romanian Commodities Exchange
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- Chettinad Cement Corporation Ltd - India
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- Tamil Nadu electricity Board
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- TeaM Sual Corporation - Philippines
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- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
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- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
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- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
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- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
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- Mintek Dendrill Indonesia
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- Directorate General of MIneral and Coal - Indonesia
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- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- Planning Commission, India
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- The University of Queensland
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- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
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- Coal and Oil Company - UAE
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- Formosa Plastics Group - Taiwan
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- Chamber of Mines of South Africa
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- Larsen & Toubro Limited - India
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- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
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