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