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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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Tuesday, 04 May 10
DRY BULK MARKET SOFTENING AGAIN ON LACK OF DIRECTION
The dry bulk market has put on the brakes once again, after the last session of the Baltic Dry Index ended at 3,354 points, down 5 from the previous ...
Monday, 03 May 10
AUSTRALIA PLANS 40 PERCENT TAX ON MINING PROFITS - THE JAKARTA POST
The Jakarta Post reported that, Australia would heavily tax the booming profits of its mining companies under a tax system overhaul proposed Sunday ...
Saturday, 01 May 10
THE PERIOD ACTIVITY WAS QUITE FIRM DURING THE WEEK - CAPT. REDDY
COALspot.com: The BDI was up by 11.32 pct which was mainly due to the firmness in capsize index which was up by 21.55 pct .
The other sectors Pan ...
Saturday, 01 May 10
EXPANDED SA COAL TERMINAL TO START OPERATIONS ON MAY 1 - MINING WEEKLY
Mining Weekly reported that, In line with expectations, the Richards Bay Coal Terminal (RBCT) had completed the R1,2-billion Phase V expansion ...
Thursday, 29 April 10
SOUTH AFRICAN ROUNDS BACK TO INDIA SUPRAS CAN ACHIEVE AROUND MID 20S
Handy
Atlantic markets remain firm. Supramaxes open in USG are now achieving low/mid&n ...
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- Renaissance Capital - South Africa
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- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
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- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
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- Alfred C Toepfer International GmbH - Germany
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- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Singapore Mercantile Exchange
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- Krishnapatnam Port Company Ltd. - India
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- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
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- Ministry of Mines - Canada
- Malabar Cements Ltd - India
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- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
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- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
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- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
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- Global Green Power PLC Corporation, Philippines
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Electricity Authority, New Zealand
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- GN Power Mariveles Coal Plant, Philippines
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- Power Finance Corporation Ltd., India
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- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
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- Indian Oil Corporation Limited
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- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
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- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
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- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Aditya Birla Group - India
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
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- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- India Bulls Power Limited - India
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- Bhatia International Limited - India
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
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- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- MS Steel International - UAE
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