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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
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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 ...
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- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Minerals Council of Australia
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- PowerSource Philippines DevCo
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
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