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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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Thursday, 02 July 09
PETCOKE BOOMS AS CEMENT MAKERS TRY TO REPLACE COAL
* Cement makers led by Asia chase petcoke to replace coal
* Petcoke prices up $10/T Feb-Jun, set to rise further
* Domestic U.S. petcoke demand ma ...
Wednesday, 01 July 09
NEWCASTLE WEEKLY COAL EXPORTS RISE BY 12PCT
Bloomberg reported that Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 12% last ...
Wednesday, 01 July 09
RS 6,000CR MMTC COAL IMPORT PLAN UNDER CLOUD
The plan of MMTC Ltd, a trading firm under the commerce ministry, to import coal worth Rs 6,000 crore has come under cloud, with the Central ...
Wednesday, 01 July 09
INDONESIAN FIRM BIDS FOR 130,000T COAL FOR NAPOCOR
Top Philippine electricity producer National Power Corp. (Napocor) said on Wednesday it received two bids from Indonesia's PT Trubaindo and its loc ...
Wednesday, 01 July 09
COAL PRICE INDEX TO BE LAUNCHED IN JULY
India will soon get a coal index to track the coal price movement in the country.
India's leading e-commerce company Mjunction Services Ltd will ...
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- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- White Energy Company Limited
- Posco Energy - South Korea
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
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