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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 $55-58 per tonne.
Imports from South Africa will increase this year, traders said, but it is unclear by how much. Adani Enterprises, which currently imports 0.5 million tonne South African coal every month, expects it to rise to 0.7-0.8 million tonne, said Vinay Prakash, who heads its coal business unit.
The sharp drop in the price of the South African coal is mainly attributed to falling demand from Europe. Reports suggest that stockpiles at Richards Bay have climbed to 4.19 million tonne, the highest since March 2007.
The Coal and Oil Group president & CEO Ahmed Buhari is of the view that it is primarily cement and sponge iron manufacturers who are replacing Indonesian coal with the South African variety.
"On an evaluated per kcal of energy, South African coal works out to be quite cost-effective. However, some power producers will prefer Indonesian coal due to its low sulphur content and for environmental reasons," he observed.
Source:http://economictimes.indiatimes.com/News/News-By-Industry/Indl-Goods--Svs/Metals--Mining/IPL-2-over-Indian-Coal-League-begins-in-South-Africa/articleshow/4610765.cms
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Monday, 20 July 09
CHINA COAL PRODUCES 52.7 MLN TONNES OF COAL IN 1H, UP 5.4 PCT
China Mining reported that, China Coal Energy Co., the country's second largest coal producer, said Saturday that it produced 52.67 million tonnes ...
Monday, 20 July 09
INDONESIA PRODUCES 72 MILLION MT IN FIRST HALF OF YEAR: OFFICIAL
Indonesia produced 72 million mt of coal in the first half of 2009, or 31.3% of the government’s target this year, a senior government officia ...
Sunday, 19 July 09
JINDAL S&P IN TALKS TO BUY SA COAL MINE FOR RS 350-400 CR (US$ 80 - 90 MILLION)
Economic Times reported that, Naveen Jindal-led Jindal Steel & Power (JSPL) is acquiring a thermal coal mine in South Africa, a top company exec ...
Saturday, 18 July 09
REN POWER CZ COMMISSIONS ANOTHER PHOTOVOLTAIC POWER STATION
COALspot.com (Press Release): REN Power CZ, a company in the Czech Coal Group, has put into operation another photovoltaic power station. The plant ...
Saturday, 18 July 09
THE FUTURE FOR SUPRAMAX FOR NEXT 3 YEARS TILL 2012 WOULD BE AROUND US$ 13,500 PER DAY - CAPT. REDDY
COALspot.com ( Singapore): The market moved up sharply this week , which was quite unexpected.
The BDI was up by 557 which is an increase of 18 ...
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- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- ASAPP Information Group - India
- White Energy Company Limited
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Planning Commission, India
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
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