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Monday, 26 July 10
BHATIA INTERNATIONAL, MIGHT GRAB THE MAJORITY OF COAL SUPPLY ORDER FROM MAHAGENCO
 COALspot.com: Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, has received price bids from Indian traders to supply 3.35 million metric tons of steaming coal against its recent inquiry. MAHAGENCO has floated a tender in last March to secure 3.35 million ton of coal for its NTPS, BTPS, PTPS, KPKD & CSTPS plants.
The tender was closed on 29 May 2010, and last Thursday MAHAGENCO has opened the price bids to finalize supplier. Total seven Indian coal trading companies have participated in this tender to see their chances to win and supply 3.35 million tons of coal in this fiscal year.
The total of 3.35 million tons of coal would be shared by NTPS, BTPS, PTPS, KPKD & CSTPS operates by Mahagenco. The company has increased coal imports this year compare to last fiscal year. Company’s last fiscal year imports were about 2.4 million tons.
According to our sources, MAHAGENCO used to buy coal basis on a fixed price for a whole year. However, there was rumors that, Mahagenco might change its sourcing mechanism from this tender onward.
Mahagenco may buy coal in the future at prices linked to global coal prices, instead of fixed price for a whole year. However, it was not clear this fiscal year supply would be fixed price basis or index link pricing. Some other Indian utilities are already sourcing coal, using an index link pricing mechanism.
Bhatia International, an Indian coal trading company, might grab the majority of coal supply order from MAHAGENCO this year, a source related to tender said. Adani global, another leading coal trader in India might also get a chance to supply coal to one of the MAHAGENCO’s power plants as Adani was the lowest bidder in Parli thermal power station.
The landed elevated price of coal offered by lowest bidders were ranging from US$ 101.62 - 110.75 per metric ton for GCV (adb) 6300 kcal/kg, Total Moisture (arb) 10%, Ash (adb) 14% and Sulphur ( adb) 0.7%.
As per MHAGENCO tender terms and conditions, MAHAGENCO can apply higher penalties for specific parameters of coal, if suppliers fail to supply coal as per guaranteed quality.
Any Calorific value of coal fell below 5800 kcal/kg (gad), then an addition to pro rata penalty, an additional penalty of INR 300 (US$ 6.38) per 100 kcal/kg will be penalized. Ash content of coal exceeds 14% , then penalty of INR 150 (US$ 3.20) per percentage per mt will be penalized.
Higher total moisture and total sulphur also subject to an additional penalties.
Steam coal prices at Newcastle, was at $ 100.77 a ton for GCV (gar) 6322 kcal/kg at the time of tender closing and at $ 95.05 a ton at the time of opening of the price bid, according to globalCOAL website, the world's leading online coal trading platform.
Indonesian coal price reference also dropped by about 0.58 percent in July 2010 compare to June reference price. Indonesian government has declared US$ 96.65 as coal price reference for July 2010 for GCV (gar) 6322 kcal/kg, total moisture 8%, sulphur (adb) 0.8% and ash content (adb) 15%.
State-owned Mahagenco operates plants with a total installed capacity of 9,996 megawatts of hydroelectric, thermal and hydro plants, according to the Web site.
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Friday, 19 August 11
AUSTRALIAS' ATH TO ACQUIRE 60% OF APUAH COAL MINE IN INDONESIA
COALspot.com - Australian listed company, Atech Holdings Limited (ATH) has entered into a conditional binding term sheet to acquire 60 percent stake ...
Friday, 19 August 11
INDIA IMPORTS LESS INDONESIAN COAL THAN CHINA IN JULY
COALspot.com - Indonesia shipped 31.30 Million tons of coal in July 2011, up by 10.69 percent compared to June's export of about 28.27 ...
Thursday, 18 August 11
INDONESIAS PROPOSED LOW GRADE COAL EXPORT BAN WILL NOT HAVE A SIGNIFICANT IMPACT ON INDIA - MISWIN MAHESH
COALspot.com - The Indonesian government is currently in the process of drafting a new regulation that could ban the export of low-grade coal by Jan ...
Thursday, 18 August 11
MARUBENI ACQUIRED 42.86% OF YTL JAWA POWER
COALspot.com - Marubeni Corporation (Marubeni) has completed the acquisition of 42.86 percent of the shares of YTL Jawa Power Holdings BV from YTL P ...
Wednesday, 17 August 11
CME LAUNCHES ARGUS COKING COAL SWAP FUTURES
COALspot.com - Argus media reported that, leading exchange CME Group will list an Australian coking coal swap futures contract for trading on the Ny ...
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- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
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- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
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- Parry Sugars Refinery, India
- McConnell Dowell - Australia
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- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
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- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
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- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
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- Deloitte Consulting - India
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- Coal and Oil Company - UAE
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- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
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- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- The University of Queensland
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
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- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
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- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
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- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
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- Siam City Cement PLC, Thailand
- Planning Commission, India
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
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- Antam Resourcindo - Indonesia
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- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Xindia Steels Limited - India
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- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
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- Renaissance Capital - South Africa
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- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
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- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
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- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
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- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
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- Singapore Mercantile Exchange
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- Global Coal Blending Company Limited - Australia
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- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
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- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
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- Directorate General of MIneral and Coal - Indonesia
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- Trasteel International SA, Italy
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