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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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Saturday, 09 October 10
9TH ASIA PACIFIC MINING CONFERENCE & EXHIBITION 13 14 OCTOBER 2010 AT SHANGRI-LA HOTEL, JAKARTA.
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
Saturday, 09 October 10
SAIL SEEKS LONG-TERM COKING COAL SUPPLY FROM GLOBAL COMPANIES - BUSINESS STANDARD
State-owned Steel Authority of India (SAIL) Friday invited bids from global companies for long-term supply of coking coal to feed its expanding stee ...
Friday, 08 October 10
INVESTORS STILL RELUCTANT TO ENTER DOWNSTREAM INDUSTRIES - THE JAKARTA POST
The Jakarta Post reported that, mining companies are showing a low level of enthusiasm to enter the downstream industries, as required by the 2009 M ...
Friday, 08 October 10
VESSEL OWNERS ARE RELUCTANT FOR INDONESIA TO INDIA COAL TRIPS - FEARNBULK
Handy
Last week ended with a flourish of activity as the Chinese tried to fix any prompt vessels before the Golden week festivities, and since the ...
Thursday, 07 October 10
MIRACH ENERGY GAINS RIGHTS TO EAST KALIMANTAN COAL MINE - THE EDGE SINGAPORE
The Edge Singapore reported that, Mirach Energy says it has gained the rights to produce and sell coal in an open-pit coal mine in Samarinda, the ca ...
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- Kalimantan Lumbung Energi - Indonesia
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- Price Waterhouse Coopers - Russia
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- Sindya Power Generating Company Private Ltd
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- GMR Energy Limited - India
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
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- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
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- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
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- Samtan Co., Ltd - South Korea
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- Planning Commission, India
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- Ceylon Electricity Board - Sri Lanka
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- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Indogreen Group - Indonesia
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- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
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- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
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- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
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- Tamil Nadu electricity Board
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- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
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- Indonesian Coal Mining Association
- Australian Coal Association
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Formosa Plastics Group - Taiwan
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- Gujarat Electricity Regulatory Commission - India
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- Directorate Of Revenue Intelligence - India
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- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
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- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
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- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
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- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
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- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
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- White Energy Company Limited
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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