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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, 05 July 12
BUMI ACHIEVES HIGHER SELLING PRICE IN FIRST QUARTER
COALspot.com - PT Bumi Resources Tbk (BUMI), Indonesia's largest coal producer and exporter, has successfully maintained a higher sales margin, des ...
Tuesday, 03 July 12
DRY BULK MARKET INCHED FORWARD AT THE START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched forward at the beginning of the new week, prior to the US holidays regarding the celebration of the 4th of July, which is ...
Monday, 02 July 12
ORPHEUS STRENGTHENS REVENUE STREAM WITH NEW ROYALTY AGREEMENT AT THE B2 COAL PROJECT
Orpheus Energy (ASX:OEG) is pleased to advise that it has executed a life of mine Royalty Agreement with Indonesian mining contractor PT Debbia Mini ...
Monday, 02 July 12
DRY BULK DEMAND TO RISE TO 3.6 BILLION TONNES IN 2012, BUT NEW BUILDING DELIVERIES ARE
In its latest analysis on the dry bulk market fundamentals, DVB Bank said that dry bulk cargo demand is forecast to rise to approximately 3.6 billio ...
Sunday, 01 July 12
AUSTRALIAS CARBON TAX - SUNIL K KUMBHAT
COALspot.com - Climate Change
Climate change and global warming have now become buzzwords the world over. The disastrous consequences for global ...
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- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Australian Coal Association
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- Sojitz Corporation - Japan
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- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
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- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
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- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
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- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- PTC India Limited - India
- Parry Sugars Refinery, India
- The University of Queensland
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
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