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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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Thursday, 04 November 10
CAPE SIZE SENTIMENT FOR THIS WEEK WAS NEGATIVE - FEARNBULK
Handy
The Atlantic markets remain flat and lackluster. High volume of tonnage availabi ...
Thursday, 04 November 10
GVK TALKS WITH MEC FOR INDONESIAN MINES DEAL - DNA INDIA
As reported by DNA India, GVK Power and Infrastructure on Wednesday said it is in talks with Gulf-based MEC Coal to buy its coal mines in Indonesia, ...
Wednesday, 03 November 10
PANAMAX SIZE DRY-BULK CARRIER MARKET IS STRONG - GERSON LEHRMAN
Panamax class vessels have been part of the fluctuation of the broader current dry bulk market. They have experienced occasional steep movements, du ...
Tuesday, 02 November 10
ADDED VALUE REMAINS STAGNANT - MAJALAH TAMBANG
The improvement of added value of mining products in accordance with mandate of the mining law has not been visible. Minerals and coal are still exp ...
Saturday, 30 October 10
THE SUPRAMAX FREIGHT MARKET THIS WEEK REMAINED ALMOST AT LAST WEEK LEVELS - VISTAAR SINGAPORE
COALspot.com: The freight market this week remained almost at same levels except for Panamax index which was up by 191 points.
The feast/SE Asia ...
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- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Australian Coal Association
- Madhucon Powers Ltd - India
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
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- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- Parliament of New Zealand
- Electricity Authority, New Zealand
- The University of Queensland
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Bhatia International Limited - India
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