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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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Wednesday, 01 April 09
COAL FIRMS' PROFITS NOT EXPECTED TO GROW IN '09 - - THE JAKARTA POST (ANALYSTS)
Despite their windfall profits in 2008, analysts doubt that PT Bumi Resources Tbk or any other coal firms will post profit growth this year, with pr ...
Tuesday, 31 March 09
DEUTSCHE BANK TO ADD COAL, GAS, SHIPPING IN COMMODITY EXPANSION - BLOOMBERG
Deutsche Bank AG, after quadrupling revenue from commodities in two years, plans to add coal, European natural-gas and shipping to its business, ant ...
Monday, 30 March 09
CHINA SHENHUA SAYS AGREES DOMESTIC COAL DEALS - REUTERS
Chinese coal mining giant China Shenhua Energy Co has agreed long-term contracts with some Chinese power producers, its President Ling Wen said on M ...
Sunday, 29 March 09
SHENHUA ENERGY 2008 NET RISES 29% TO RECORD ON PRICES - BLOOMBERG
China Shenhua Energy Co Ltd., the nation’s biggest coal producer, said profit rose 29 percent to a record in 2008 after it increased productio ...
Friday, 27 March 09
SOUTH AFRICAN COAL EXPORTS EXPECTED TO RISE IN 2009, BUT RAIL WILL DETERMINE BY HOW MUCH - MININGWEEKLY
South Africa has an expanding coal-export terminal, but an uncertain rail capacity.
The mismatch is something South Africa cannot afford, given i ...
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- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- London Commodity Brokers - England
- The University of Queensland
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Economic Council, Georgia
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Australian Coal Association
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- MS Steel International - UAE
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
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