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Saturday, 16 April 11
TNPL RECEIVES 1.6MT OF COAL OFFERS - SOURCES
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. has closed its 160,000 MT coal inquiry today.
More than a half a dozen of Indian coal trading companies, including Adani, Knowledge Infra, MSTC, Maheswari, CEPL, Starmin, Star Coal and Gupta coal have submitted price bid to supply 160,000 plus minus 5 percent metric tons of non-coking coal with Gross Calorific Value (ADB) 6000 Kcal/Kg, our sources said. Knowledge Infra has won the TNPL’s recent tender to supply 160,000 MT of thermal coal.
According to the tender issued on 2nd April 2011, the quality of coal should be Gross Calorific Value (adb) 6000 Kcal/Kg basis and will be rejected if GCV is below 5600 kcal/kg. The Inherent Moisture (adb) of around 10 pct, Total Moisture (arb) 15 pct basis and above 23 pct will be rejected. The Ash content (adb) 8 pct max , Sulphur (ADB) 0.8pct max and Volatile Matter (adb) 25 to 45 pct and above 45 pct will be rejected.
TNPL is a traditional consumer of Indonesian coal, for its paper factory in Karur district, India and TNPL has closed its recent tender on 25th March 2011 to buy 160,000 mt of thermal coal at US$ 97.10 PMT.
The reference price (HPB) set by Indonesia for coal grade of 5,667 GAR kcal/kg heating value was at a US$ 103.50 a ton based on March 2011 HBA. However, TNPL's recent coal purchased price was much lesser than Indonesian declared price for 5667 GAR coal.
TNPL, may conduct electronic bidding on next Tuesday or Wednesday and will award the contract to the lowest electronic or manual bidder, a bidder said.
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Wednesday, 22 December 10
INDONESIAN COAL LOAD PORT WEATHER CONDITION AND DELAYS
COALspot.com - The several leading shipping agents in Indonesia, said due to rainy season in Indonesia, loading activities in coal loading ports hav ...
Wednesday, 22 December 10
COAL INDIA CLOSE TO BUYING 15% STAKE IN AUSTRALIAN MINE - ECONOMIC TIMES
Economic Times reported that, Coal India (CIL) is close to buying a stake between 10% to 15% in an Australian mine owned by Peabody, a US company.
...
Wednesday, 22 December 10
CAPESIZE FUTURES MARKET RATES ARE EXPECTED TO CONTINUE THEIR DRIFT DOWN IN 2011 - BRS
Nearly two months of weekly declines in the Baltic Capesize Index were finally halted last week with a small 1% increase Friday-to-Friday. The impro ...
Wednesday, 22 December 10
DRY BULK MARKET LOOKING FOR DIRECTION AMID HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market isn’t exhibiting a “festive” behavior, thus cheering ship owners and investors alike. Instead, the industry&rs ...
Tuesday, 21 December 10
CHINA COAL CAP TO BOOST GLOBAL M&A - FINANCIER WORLD WIDE
Financier World Wide reported that, Chinese state-run media has reported that the Central Government intends to cap domestic coal production for fea ...
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