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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, 06 April 09
RICHARDS BAY COAL TERMINAL EXPORTS ROSE 5 PERCENT IN MARCH - BLOOMBERG
South Africa’s Richards Bay Coal Terminal, the world’s largest coal-export facility, shipped 5 percent more coal in March than the same ...
Monday, 06 April 09
INDIA'S OSWAL CHEM EYES INDONESIAN COAL MINES -ECONOMICTIMES
Oswal Chemicals and Fertilisers (OCFL), part of Abhay Oswal-led Oswal group, has initiated talks with three separate Indonesian coal firms to ...
Thursday, 02 April 09
FOREIGNERS ALSO CHEER FOR INDONESIA'S THE NEW MINING LAW - MAJALA TAMBANG
Three mining giants, Australia's Rio Tinto along with Canada's Barrick Gold and Southern Arc, are among foreign corporations currently applying fo ...
Wednesday, 01 April 09
INDONESIAN GOVERNMENT REVISES MINING REVENUE TARGET DOWN 26% - THE JAKARTA POST
Government income from mining this year, excluding taxes, is expected to drop by about 26 percent to Rp 11 trillion ($957 million), primarily becaus ...
Wednesday, 01 April 09
INDONESIAN OFFICIAL CLAIMS NEW LEGISLATION IS VINDICATED AS OVERSEAS FIRMS LINE UP FOR MINING LICENSES - THE JAKARTA GLOBE
The Energy and Mineral Resources Ministry is expected to issue six mining licenses under the country’s new mining law over the next two months ...
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- Australian Coal Association
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- White Energy Company Limited
- Central Java Power - Indonesia
- Planning Commission, India
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
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