COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Thursday, 28 May 09
INDIANS CHOOSE SOUTH AFRICA COAL OVER INDONESIAN - MINEWEB (REUTERS)


South African cargoes are about $4 a tonne cheaper than Indonesian coal, as a result India now prefers South Africa .

Indian imports of South African coal in 2009 could be considerably higher than last year's 10 million tonnes because many buyers who formerly favoured Indonesian coal are switching to currently cheaper South African material, Indian trade importers said.

South African cargoes are about $4 a tonne cheaper than Indonesian coal.

"It's too early to predict accurately how much more South African coal will come to India this year but I can say that most of my clients who always took Indonesian coal are asking for South African instead," one of India's largest trader importers said.

India is expected to import over 40 million tonnes of coal in 2009 in total, most of which will come from Indonesia to supply power plants. The remainder will be from South Africa and Australia with a few cargoes from Russia.

India has become a vital buyer of South African coal in 2009 because demand in South Africa's major market, Europe, has shrunk due to falling industrial power consumption.

South African producers have more coal for export than forecast in January and are heavily dependent on Indian buying to absorb spot cargoes, producers admit.

Power generators have been taking lower energy content, lower-priced Indonesian coal under term contracts for a few years but surging demand for power has forced them to increase spot buying.

ALL ABOUT PRICE

Until two months ago, generators bought spot Indonesian coal because it was the cheapest option on a delivered basis. Some recent tenders by state utilities saw Indonesian offered CIF at prices below $50.00 a tonne.

Now, South African coal is $4.00 or more a tonne cheaper and state utilities and private power plants are seeking Richards Bay cargoes, traders said.

"The Indonesian prices are not competitive into India from most suppliers right now," another Indian trader said. "They are getting very good prices from China and focussing on that market," he said.

There are two basic types of Indonesian coal sold into India - bituminous and sub-bituminous. The highest-cost, highest energy-content Indonesian bituminous coal is being offered at $55.00-$56.00 a tonne FOB plus freight of around $15.00, traders said.

This coal typically has a higher moisture content than South African coal of a similar calorific value so it is more economic to ship South African rather than pay freight to ship water, traders said.

Prompt South African cargoes are currently bid at $52.50 a tonne FOB Richards Bay for June loading.

"The Indian market is all about price rather than quality," one trader said. "While South African can be delivered more cheaply than Indonesian the end-users will keep switching but as soon as the situation is reversed they will change again."

Source: http://www.mineweb.com/mineweb/view/mineweb/en/page36?oid=83939&sn=Detail



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Saturday, 30 May 09
COAL INDIA SIGNS FUEL SUPPLY AGREEMENT WITH NTPC - SINDHTODAY
India’s largest coal miner Coal India Friday inked a much-awaited fuel supply agreement (FSA) with power generation major NTPC Ltd. In the ...


Friday, 29 May 09
INDONESIA PLANS "CLEARING HOUSE" FOR COAL - ALIBABA
Alibaba reported that, Indonesia, the world's biggest thermal coal exporter, plans to set up an agency similar to a clearing house to trade stocks ...


Friday, 29 May 09
INDIKA EYES MORE ACQUISITIONS - THE JAKARTA POST
Having nearly completed the acquisition of engineering and mining company PT Petrosea, energy company PT Indika Energy is preparing for more acquisi ...


Friday, 29 May 09
PTBA PAYS DIVIDENDS OF RP 371.5 A SHARE - THE JAKARTA POST
The annual shareholders' meeting of state-controlled coal producer PT Tambang Batubara Bukit Asam (PTBA) approved on Thursday the allocation of 50 ...


Wednesday, 27 May 09
NEWCASTLE PORT'S WEEKLY COAL EXPORTS INCREASE 3.6% - BLOOMBERG
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 3.6 percent last week while the num ...


   1344 1345 1346 1347 1348   
Showing 6726 to 6730 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Therma Luzon, Inc, Philippines
  • Cement Manufacturers Association - India
  • Uttam Galva Steels Limited - India
  • Banpu Public Company Limited - Thailand
  • Straits Asia Resources Limited - Singapore
  • Asian Development Bank
  • Britmindo - Indonesia
  • South Luzon Thermal Energy Corporation
  • Rudhra Energy - India
  • Humpuss - Indonesia
  • San Jose City I Power Corp, Philippines
  • Maybank - Singapore
  • Minerals Council of Australia
  • Edison Trading Spa - Italy
  • Medco Energi Mining Internasional
  • GNFC Limited - India
  • KPMG - USA
  • Cebu Energy, Philippines
  • Fearnleys - India
  • Ambuja Cements Ltd - India
  • Karaikal Port Pvt Ltd - India
  • Malabar Cements Ltd - India
  • RBS Sempra - UK
  • NTPC Limited - India
  • Pinang Coal Indonesia
  • Directorate Of Revenue Intelligence - India
  • Central Electricity Authority - India
  • Xindia Steels Limited - India
  • Essar Steel Hazira Ltd - India
  • Salva Resources Pvt Ltd - India
  • Antam Resourcindo - Indonesia
  • NALCO India
  • Globalindo Alam Lestari - Indonesia
  • World Coal - UK
  • Asia Cement - Taiwan
  • Russian Coal LLC
  • Aboitiz Power Corporation - Philippines
  • Inco-Indonesia
  • London Commodity Brokers - England
  • Pipit Mutiara Jaya. PT, Indonesia
  • The Treasury - Australian Government
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Geoservices-GeoAssay Lab
  • Vijayanagar Sugar Pvt Ltd - India
  • Bulk Trading Sa - Switzerland
  • Kobe Steel Ltd - Japan
  • Savvy Resources Ltd - HongKong
  • GVK Power & Infra Limited - India
  • Neyveli Lignite Corporation Ltd, - India
  • The India Cements Ltd
  • PetroVietnam
  • Barasentosa Lestari - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • J M Baxi & Co - India
  • Adaro Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Parliament of New Zealand
  • Makarim & Taira - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Shree Cement - India
  • Simpson Spence & Young - Indonesia
  • Merrill Lynch Commodities Europe
  • Clarksons - UK
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Bank of China, Malaysia
  • ANZ Bank - Australia
  • KPCL - India
  • OPG Power Generation Pvt Ltd - India
  • GHCL Limited - India
  • Ince & co LLP
  • India Bulls Power Limited - India
  • ACC Limited - India
  • Coastal Gujarat Power Limited - India
  • TRAFIGURA, South Korea
  • Cargill India Pvt Ltd
  • Semirara Mining Corp, Philippines
  • Mitsubishi Corporation
  • Coeclerici Indonesia
  • Berau Coal - Indonesia
  • Sojitz Corporation - Japan
  • Kalimantan Lumbung Energi - Indonesia
  • Kepco SPC Power Corporation, Philippines
  • GAC Shipping (India) Pvt Ltd
  • Ernst & Young Pvt. Ltd.
  • KEPCO - South Korea
  • Africa Commodities Group - South Africa
  • Gresik Semen - Indonesia
  • Latin American Coal - Colombia
  • Independent Power Producers Association of India
  • HSBC - Hong Kong
  • Gujarat Electricity Regulatory Commission - India
  • Kaltim Prima Coal - Indonesia
  • Marubeni Corporation - India
  • Maheswari Brothers Coal Limited - India
  • Riau Bara Harum - Indonesia
  • Sarangani Energy Corporation, Philippines
  • Tata Power - India
  • Inspectorate - India
  • Tanito Harum - Indonesia
  • Ministry of Transport, Egypt
  • Samtan Co., Ltd - South Korea
  • Vizag Seaport Private Limited - India
  • Heidelberg Cement - Germany
  • Arch Coal - USA
  • Standard Chartered Bank - UAE
  • Jindal Steel & Power Ltd - India
  • Eastern Energy - Thailand
  • Platts
  • PetroVietnam Power Coal Import and Supply Company
  • Asmin Koalindo Tuhup - Indonesia
  • Baramulti Group, Indonesia
  • Orica Mining Services - Indonesia
  • Petrosea - Indonesia
  • McConnell Dowell - Australia
  • TANGEDCO India
  • Arutmin Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • Xstrata Coal
  • Argus Media - Singapore
  • Sindya Power Generating Company Private Ltd
  • Peabody Energy - USA
  • IOL Indonesia
  • Agrawal Coal Company - India
  • The University of Queensland
  • Platou - Singapore
  • Chettinad Cement Corporation Ltd - India
  • IBC Asia (S) Pte Ltd
  • PLN - Indonesia
  • Barclays Capital - USA
  • GN Power Mariveles Coal Plant, Philippines
  • ETA - Dubai
  • Maharashtra Electricity Regulatory Commission - India
  • Indonesian Coal Mining Association
  • Semirara Mining and Power Corporation, Philippines
  • Ceylon Electricity Board - Sri Lanka
  • Deutsche Bank - India
  • Gujarat Sidhee Cement - India
  • Indian Oil Corporation Limited
  • Power Finance Corporation Ltd., India
  • Borneo Indobara - Indonesia
  • SN Aboitiz Power Inc, Philippines
  • Infraline Energy - India
  • Metalloyd Limited - United Kingdom
  • ING Bank NV - Singapore
  • Indian School of Mines
  • Electricity Generating Authority of Thailand
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Mintek Dendrill Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • VISA Power Limited - India
  • Thiess Contractors Indonesia
  • IMC Shipping - Singapore
  • GMR Energy Limited - India
  • Directorate General of MIneral and Coal - Indonesia
  • Mitsui
  • Indorama - Singapore
  • Mitra SK Pvt Ltd - India
  • Wood Mackenzie - Singapore
  • New Zealand Coal & Carbon
  • Coal India Limited
  • MS Steel International - UAE
  • Merrill Lynch Bank
  • Total Coal South Africa
  • Alfred C Toepfer International GmbH - Germany
  • Bank of America
  • Eastern Coal Council - USA
  • SRK Consulting
  • Australian Coal Association
  • Thermax Limited - India
  • Chamber of Mines of South Africa
  • Commonwealth Bank - Australia
  • Thriveni
  • Indika Energy - Indonesia
  • Altura Mining Limited, Indonesia
  • Wilmar Investment Holdings
  • Electricity Authority, New Zealand
  • Ind-Barath Power Infra Limited - India
  • Thomson Reuters GRC
  • TeaM Sual Corporation - Philippines
  • Sinarmas Energy and Mining - Indonesia
  • Posco Energy - South Korea
  • Thai Mozambique Logistica
  • AsiaOL BioFuels Corp., Philippines
  • Bukit Makmur.PT - Indonesia
  • Tamil Nadu electricity Board
  • Jaiprakash Power Ventures ltd
  • UOB Asia (HK) Ltd
  • Energy Link Ltd, New Zealand
  • Cosco
  • Indo Tambangraya Megah - Indonesia
  • Enel Italy
  • Kapuas Tunggal Persada - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • Manunggal Multi Energi - Indonesia
  • Attock Cement Pakistan Limited
  • Ministry of Finance - Indonesia
  • Qatrana Cement - Jordan
  • Romanian Commodities Exchange
  • Orica Australia Pty. Ltd.
  • Indonesia Power. PT
  • OCBC - Singapore
  • TNPL - India
  • Coalindo Energy - Indonesia
  • Anglo American - United Kingdom
  • CoalTek, United States
  • Kideco Jaya Agung - Indonesia
  • Leighton Contractors Pty Ltd - Australia
  • Georgia Ports Authority, United States
  • Maruti Cements - India
  • Krishnapatnam Port Company Ltd. - India
  • White Energy Company Limited
  • Jatenergy - Australia
  • Vale Mozambique
  • Mechel - Russia
  • KOWEPO - South Korea
  • Vitol - Bahrain
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Tata Chemicals Ltd - India
  • International Coal Ventures Pvt Ltd - India
  • Videocon Industries ltd - India
  • SGS (Thailand) Limited
  • globalCOAL - UK
  • Reliance Power - India
  • Trasteel International SA, Italy
  • Bukit Baiduri Energy - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Gupta Coal India Ltd
  • SMC Global Power, Philippines
  • Glencore India Pvt. Ltd
  • Kartika Selabumi Mining - Indonesia
  • Bhushan Steel Limited - India
  • Thailand Anthracite
  • Indogreen Group - Indonesia
  • European Bulk Services B.V. - Netherlands
  • BNP Paribas - Singapore
  • CNBM International Corporation - China
  • Mercuria Energy - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Central Java Power - Indonesia
  • SASOL - South Africa
  • SUEK AG - Indonesia
  • bp singapore
  • Iligan Light & Power Inc, Philippines
  • Maersk Broker
  • Interocean Group of Companies - India
  • Global Business Power Corporation, Philippines
  • Bukit Asam (Persero) Tbk - Indonesia
  • Carbofer General Trading SA - India
  • Global Coal Blending Company Limited - Australia
  • Bayan Resources Tbk. - Indonesia
  • CIMB Investment Bank - Malaysia
  • Holcim Trading Pte Ltd - Singapore
  • Parry Sugars Refinery, India
  • Malco - India
  • Larsen & Toubro Limited - India
  • Petron Corporation, Philippines
  • Port Waratah Coal Services - Australia
  • Sucofindo - Indonesia
  • Singapore Mercantile Exchange
  • Japan Coal Energy Center
  • Bangkok Bank PCL
  • Mercator Lines Limited - India
  • Rio Tinto Coal - Australia
  • Freeport Indonesia
  • U S Energy Resources
  • Gujarat Mineral Development Corp Ltd - India
  • ASAPP Information Group - India
  • Energy Development Corp, Philippines
  • Star Paper Mills Limited - India
  • Goldman Sachs - Singapore
  • TGV SRAAC LIMITED, India
  • ICICI Bank Limited - India
  • Oldendorff Carriers - Singapore
  • Shenhua Group - China
  • MEC Coal - Indonesia
  • The State Trading Corporation of India Ltd
  • IHS Mccloskey Coal Group - USA
  • Price Waterhouse Coopers - Russia
  • Madhucon Powers Ltd - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Indian Energy Exchange, India
  • PTC India Limited - India
  • Miang Besar Coal Terminal - Indonesia
  • Grasim Industreis Ltd - India
  • Runge Indonesia
  • Deloitte Consulting - India
  • Meenaskhi Energy Private Limited - India
  • Timah Investasi Mineral - Indoneisa
  • Idemitsu - Japan
  • Economic Council, Georgia
  • Ministry of Mines - Canada
  • PLN Batubara - Indonesia
  • Renaissance Capital - South Africa
  • Petrochimia International Co. Ltd.- Taiwan
  • Coaltrans Conferences
  • Cardiff University - UK
  • Intertek Mineral Services - Indonesia
  • Formosa Plastics Group - Taiwan
  • Cemex - Philippines
  • Panama Canal Authority
  • GB Group - China
  • Sakthi Sugars Limited - India
  • CCIC - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Coal Orbis AG
  • Noble Europe Ltd - UK
  • Core Mineral Indonesia
  • CESC Limited - India
  • Bhoruka Overseas - Indonesia
  • Siam City Cement - Thailand
  • Billiton Holdings Pty Ltd - Australia
  • Samsung - South Korea
  • Binh Thuan Hamico - Vietnam
  • Coal and Oil Company - UAE
  • Moodys - Singapore
  • Meralco Power Generation, Philippines
  • Jorong Barutama Greston.PT - Indonesia
  • Credit Suisse - India
  • DBS Bank - Singapore
  • Dalmia Cement Bharat India
  • Lanco Infratech Ltd - India
  • Bharathi Cement Corporation - India
  • JPower - Japan
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Bangladesh Power Developement Board
  • Bhatia International Limited - India
  • Vedanta Resources Plc - India
  • IEA Clean Coal Centre - UK
  • Australian Commodity Traders Exchange
  • Aditya Birla Group - India
  • EIA - United States
  • UBS Singapore
  • Lafarge - France
  • SMG Consultants - Indonesia
  • Adani Power Ltd - India
  • Planning Commission, India
  • Surastha Cement
  • Toyota Tsusho Corporation, Japan
  • Bahari Cakrawala Sebuku - Indonesia
  • EMO - The Netherlands
  • APGENCO India
  • LBH Netherlands Bv - Netherlands
  • McKinsey & Co - India
  • Mjunction Services Limited - India
  • PowerSource Philippines DevCo
  • Sical Logistics Limited - India
  • JPMorgan - India
  • World Bank
  • Permata Bank - Indonesia
  • PNOC Exploration Corporation - Philippines
  • Siam City Cement PLC, Thailand
  • Kumho Petrochemical, South Korea
  • WorleyParsons
  • BRS Brokers - Singapore
  • Rashtriya Ispat Nigam Limited - India