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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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Monday, 28 June 10
MEC TO INK COAL-EQUITY SWAP DEALS WITH POWER PROJECTS
Business Line reported that, First it was power producers moving to pick up stakes in coal mining projects to ensure the raw material supplies.
N ...
Monday, 28 June 10
COLOMBIA WILL LIKELY EXPORT 80 MILLION TONNES OF COAL IN 2010
Best Colombia reported that, Mr Hernan Martinez energy and mines minister of Colombia told reporters that Colombia will likely export 80 million ton ...
Monday, 28 June 10
WESFARMERS' SEPT QTR COAL PRICE UP 11% - SMH
SMH reported that, Wesfarmers Ltd says it expects a 11 per cent increase in prices for metallurgical coal from its Curragh mine in Queensland in the ...
Saturday, 26 June 10
THE SUPRAMAX INDEX FOR S6 ROUTE WAS UP BY US$ 1091 PER DAY OR 5.7 PERCENT D-O-D -- VISTAAR
COALspot.com: The market appears to be steadying with all indices almost stabilizing and the drop much less than last two weeks.
The BDI softened ...
Saturday, 26 June 10
MONGOLIA COAL RAILWAY TO LINK WITH RUSSIA - BUSINESS WEEK
Business Week reported that, Mongolian lawmakers have approved plans for a rail line linking with Russia to help tap large coal deposits in the sout ...
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- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- McConnell Dowell - Australia
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- Edison Trading Spa - Italy
- Bhatia International Limited - India
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- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
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- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
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- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
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- Interocean Group of Companies - India
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- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
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- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
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- Bangladesh Power Developement Board
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- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
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- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
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- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
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- Cement Manufacturers Association - India
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- SN Aboitiz Power Inc, Philippines
- The University of Queensland
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- Dalmia Cement Bharat India
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