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Monday, 16 August 10
INDIA'S TNPL TO SUPPORT TNEB WITH COAL SUPPLIES
 COALspot.com: TNPL to award 300,000 MT of coal supply contract to Nehel General Trading of India. Tamil Nadu state undertaking , Tamil Nadu News Print Limited a seasoned and professionally run company to award a spot contract for six Supramax shipments to Nehel General Trading of India. Nehel Trading was quoted lowest price of US$ 79.53 per ton CIF Tuticorin / Ennore for Calorific value of 6000 kcal/kg GAD and Total Moisture 15% (arb), against TNPL’s recent coal tender, industry sources said.
Indonesian coal likely to be supplied to TNPL against the recent tender. There were Ten Indian coal trading companies were qualified to participate in the recent tender calling for 300,000 mt of imported coal. TNPL used to source coal from a combination of E- Tender and closed tender which they have been successfully doing for the past several years. Bidders in the recent tender were MSTC, Star Coal, Phoenix, Coastal Energy, Nehel General trading, Adani, Rudhra Energy, Knowledge Infrastructure, Gupta coal and Bhatia International. Nehel was quoted at US$ 79.53 per ton CIF Tuticorin / Ennore and followed by Adani at US$ 79.62 per ton just 9 US cents higher than Nehel's price. However, the 3rd lowest price was around US$ 10 higher than the first two lowest bidders, industry players further said.
Indonesian coal prices are expected to Increase in next month due to tight availability because of unseasonal rains affected coal producing areas in Indonesia, according to Indonesia coal Mining Association. “The freight market is expected to remain firm for next couple of weeks, as the iron ore movement is likely to increase”, said Capt. Reddy, Director of Vistaar Shipping, a ship operator in Singapore and India. Hence coal prices on FOB as well as CNF are seem to be increased coming weeks.
There was a rumors in the market that, TNPL was buying coal through the reccent tender on behalf of Tamil Nadu Electricity Board, the Tamil Nadu state owned electricity generator. This is further evidenced by TNPL’s tender documents mentions that disport may be Ennore or Tuticorin. TNEB used to unload the cargo through Ennore port and TNPL used to be receiving cargo either Tuticorin or Karaikkal port. Also market sources point out that MMTC, Indian government owned trading house, was a long-term sole supplier of TNEB, couldn’t provide supplies due to delay in MMTC’s EoI finalization formalities.
However, the recent calling of 300,000 ton of coal supply tender by TNPL is for TNEB or not is unknown.
Also the Indian trade sources says that if TNPL supplies coal to TNEB then EB would get fair prices and coal bill of EB may give relief to EB which overburdened with losses. MMTC used to supply coal to EB on index plus basis which resulted recent shipments at $100 plus whereas TNPL was successfully purchased millions of tones on firm price basis and always got lowest prices compared to other power utilities in India.
We further understand from trade circles that, TNEB’s PSU enquiry ( MMTC, STC, MSTC and PEC ) was floated few days back and be closes by 16th August 2010. Trade circles are eagerly watching for the results. In addition, they said whether the latest TNPL tender price of US$ 79.53 has any impact or reflection to TNEB’s new inquiry which TNEB was calling for 500 k MT coal supplies through PSUs.
It looks that consumers in india are getting wiser and consolidating their requirements and enhancing their capabilities of bargaining.
About TNPL
Tamil Nadu Newsprint and Papers Limited (TNPL) was established by the Government of Tami Nadu during early eighties to produce Newsprint and Printing & Writing Paper using bagasse, a sugarcane residue, as primary raw material. The Company commenced production in the year 1984 with an initial capacity of 90,000 tonnes per annum. Over the years, the production capacity has been increased to 245,000 tonnes per annum and the Company has emerged as the largest bagasse based Paper Mill in the world consuming about one million tones of bagasse every year. The co is swapping other private units bagasse with supply of equivalent coal. There by tthe additional supplies of bagasse being put to use for high value bagasse pulp used for paper. By this process tnpl is saving huge forex and developing by leaps and bounds.this model of tnpl has been well appreciated by intll industrial circles. The Company is in the process of implementing the Mill Expansion Plan for increasing the capacity to 400,000 tonnes per annum from July
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Friday, 10 June 11
DRY BULK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
This week has offered dry bulk ship owners no real reason to smile, as the industry’s benchmarket, the Baltic Dry Index (BDI) has been steadil ...
Thursday, 09 June 11
INDIKA AIMS TO PRODUCE 31 MILLION TONS OF COAL IN 2011 - THE JAKARTA POST
The Jakarta Post, a leading English news paper in Indonesia reported that, PT Indika Energy Tbk, an integrated energy company, is targeting to incre ...
Wednesday, 08 June 11
BAYAN TO DISTRIBUTE RP. 80 ( APPROX. US$ 0.00939850) PER SHARE DIVIDEND
Coal miner PT Bayan Resources Tbk (BYAN), that is controlled by business Dato' Low Tuck Kwong, will distribute Rp80 a share dividend or Rp266.7 bil ...
Wednesday, 08 June 11
CBM PRODUCTION FROM AUSTRALIA, CHINA, INDIA, AND INDONESIA IS EXPECTED TO WITNESS A SIGNIFICANT INCREASE BY 2015
Press Release - According to Global Data (December 2010), CBM production in Australia, China, India, and Indonesia is expected to witness a signific ...
Sunday, 05 June 11
COAL IMPORTS BY CHINA IS LIKELY TO INCREASE - VISTAAR SINGAPORE
COALspot.com - The freight market softened this week except for the BDI and Cape index was up, but even in these sectors the momentum was compared t ...
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- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- White Energy Company Limited
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- The University of Queensland
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
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