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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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Saturday, 25 April 09
KPC DEVELOPS EAST KALIMANTAN WITH GOVT - THE JAKARTA POST
Kaltim Prima Coal (KPC) focuses on several areas in its CSR projects to help the government increase the welfare of the community living around the ...
Friday, 24 April 09
NAPOCOR TO TENDER FOR 195,000 T COAL - ABS-CBNNEWS.COM
Top Philippine electricity producer National Power Corp. (Napocor) said on Friday it will hold a tender on May 20 to buy 195,000 tons of steam coal ...
Friday, 24 April 09
NTPC TO DELVE INTO CONTRACT MINING - ECONOMICTIMES
NTPC, India’s largest power producer, plans to cash in on its decades-old experience in handling coal mines by spinning off a separate u ...
Wednesday, 22 April 09
PROTECTED FORESTS FACING UNDERGROUND MINING THREAT - THE JAKARTA POST
The government is soon to issue a presidential regulation allowing mining companies to mine underground in protected forest areas, despite a recent ...
Tuesday, 21 April 09
MITRA RAJASA TO ACQUIRE TWO MINING COMPANIES - THE JAKARTA POST
PT Mitra Rajasa Tbk plans to acquire PT Realita Jaya Mandiri and PT Masindo Artha Resources in South Sumatra, which are worth around US$40 million.
...
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- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Planning Commission, India
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
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