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Wednesday, 03 June 09
IPL-2 OVER, INDIAN COAL LEAGUE BEGINS IN SOUTH AFRICA - ECONOMICTIME
 Steel, cement and power companies, which have traditionally relied on cheap Indonesian coal to fuel their factories, are rushing to buy South African coal—hitherto a premium commodity—attracted by a sharp fall in prices.
This has impacted the contracts that these companies have with Indonesian suppliers, leading them to liquidate the commodity at lower prices, said industry executives.
Indian importers spotted the opportunity in South African coal when the Richards Bay coal index—an index based on trends at the largest coal-export facility in South Africa—hit a low of $55.85 per tonne in March, compared to $176.8 in July 2008. Currently, the index price is about $57.3 per tonne.
"Demand for South African coal has risen due to a considerable fall in prices," said Sponge Iron Manufacturers Association executive director SS Bhatnagar, one of the largest users of coal.
"Moreover, South African coal is more suitable for the sponge iron industry than Indonesian coal because the latter has more volatile material."
The calorific content of coal from South Africa is very high, which implies that it has higher heating value. Coal from Richards Bay has a calorific value of 6,600 Kcal/kg while it is about 6,500 Kcal/kg for Indonesian coal. Coal from Indonesia has high moisture content, which makes the dry South African coal much more attractive.
Last year, India imported 10 million tonne coal from South Africa. The bulk of India's imports are from Indonesia, where prices have fallen but not to the same extent as in South Africa. Indonesian coal prices are currently at $55-58 per tonne.
Imports from South Africa will increase this year, traders said, but it is unclear by how much. Adani Enterprises, which currently imports 0.5 million tonne South African coal every month, expects it to rise to 0.7-0.8 million tonne, said Vinay Prakash, who heads its coal business unit.
The sharp drop in the price of the South African coal is mainly attributed to falling demand from Europe. Reports suggest that stockpiles at Richards Bay have climbed to 4.19 million tonne, the highest since March 2007.
The Coal and Oil Group president & CEO Ahmed Buhari is of the view that it is primarily cement and sponge iron manufacturers who are replacing Indonesian coal with the South African variety.
"On an evaluated per kcal of energy, South African coal works out to be quite cost-effective. However, some power producers will prefer Indonesian coal due to its low sulphur content and for environmental reasons," he observed.
Source:http://economictimes.indiatimes.com/News/News-By-Industry/Indl-Goods--Svs/Metals--Mining/IPL-2-over-Indian-Coal-League-begins-in-South-Africa/articleshow/4610765.cms
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Tuesday, 21 July 09
NEWCASTLE COAL EXPORTS FALL 5%, SHIP QUEUE INCREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 5 per ...
Tuesday, 21 July 09
FIRST QUARTER COAL MARKET AND EURACOAL'S OUTLOOK FOR THE FUTURE
Euracoal reports that for the first time in many years, the world market for hard coal fell by some 8 % during the first quarter 2009. This latest E ...
Monday, 20 July 09
CHINAS COAL DEMAND, OUTPUT TO PICK UP IN H2 - GROUP 2
Financial24 reported that, China's coal demand is expected to gradually pick up in the second half of the year, and coal output will likely grow fa ...
Monday, 20 July 09
ADANI POWER LAUNCHES IPO, AIMS HIGHER CAPACITY
Economic Times reported that, Adani Power Ltd, a power project development company, promoted by Adani Enterprise went for an initial public offering ...
Monday, 20 July 09
BANPU'S SECOND-HALF PROFIT MAY DROP ON COAL PRICES
Bloomberg Reported that, Banpu Pcl, Thailand’s biggest coal producer, expects profit to decline in the second half from the first six months a ...
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- Parliament of New Zealand
- Mjunction Services Limited - India
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- Formosa Plastics Group - Taiwan
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- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
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- Eastern Coal Council - USA
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- Intertek Mineral Services - Indonesia
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- Latin American Coal - Colombia
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- SMG Consultants - Indonesia
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- Trasteel International SA, Italy
- Indika Energy - Indonesia
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- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
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- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
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- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
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- The State Trading Corporation of India Ltd
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- Agrawal Coal Company - India
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
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- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
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- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- Posco Energy - South Korea
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- Neyveli Lignite Corporation Ltd, - India
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- Indian Oil Corporation Limited
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- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
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- Marubeni Corporation - India
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- Carbofer General Trading SA - India
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
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- Baramulti Group, Indonesia
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- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
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- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
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- Directorate General of MIneral and Coal - Indonesia
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- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
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- Xindia Steels Limited - India
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- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
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- Globalindo Alam Lestari - Indonesia
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- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
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- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
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- Indo Tambangraya Megah - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
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- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
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- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
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- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
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