We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 07 July 09
RICHARDS BAY TERMINAL COAL EXPORTS ROSE 7.2% IN JUNE
Richards Bay Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments rose 7.2 percent in June from a year earlier.
Export ...
Tuesday, 07 July 09
Q+A - INDONESIA MINING SECTOR FACES ELECTION RISKS - REUTERS
Indonesia has struggled to lure foreign investment to its mining sector in recent years, and the nationalist line on resource exploitation taken by ...
Tuesday, 07 July 09
INDIKA ENERGY COMPLETES THE ACQUISITION OF PETROSEA
TAMBANG reported that, PT Indika Energy, Tbk has officially announced that it has completed the acquisition of PT Petrosea, Tbk. from Clough Interna ...
Tuesday, 07 July 09
RUSSIAN AUDITORS ATTACK COAL EXPORTERS OVER PRICING
Russia's budget is losing substantial revenues because the country's exporters ship coal overseas at artificially low prices through various offsh ...
Tuesday, 07 July 09
RBCT COAL EXPORTS TO REMAIN BELOW CAPACITY IN 2009
Coal volumes railed to South Africa’s Richards Bay Coal Terminal are continuing to fall far short of the corridor’s nameplate yearly cap ...
|
|
|
Showing 6621 to 6625 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Makarim & Taira - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- PTC India Limited - India
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kepco SPC Power Corporation, Philippines
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
|
| |
| |
|
