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Wednesday, 03 June 09
POWER DEMAND TO BOOST INDIA COAL IMPORTS DURING MONSOON - STEELGURU
Reuters quoted Indian coal importers said that strong demand for power in India is likely to keep coal imports at the maximum level possible in the June to September monsoon season.
In January importers said they expected India to import over 40 million tonne of thermal coal in 2009 but the total could be higher if imports do not slow substantially as usual during the monsoon.
Shipping analysts said China's surging imports of coal and iron ore have been a much more noticeable factor boosting prices in Asia as well as freight rates. One London based shipping analyst said "India's import demand has been more of a focus in coal than in freight where everybody's attention is on China because of the scale of what China is doing," adding that Indian coal demand is going on steadily in the background.
Traders said Indian end users and stock and sale traders have already built stocks of coal at ports ahead of the monsoon but further imports will be needed to meet demand through the summer.
Indian trade buyers said they are seeking any coal which can be delivered to India for less than USD 70.00 tonne CIF, a price acceptable to their end user power plant clients. This has mostly been South African during the past few weeks but traders Glencore sold around 10 cargoes of competitively priced Indonesian coal last week to several Indian buyers.
They said but the majority of west coast ports will continue to operate as normal this year. Kandla and Magdalla are among the few which will be severely affected. Goa will also slow operations. East coast coal ports such as Kolkata, Paradip, Vishakapatnam and Chennai will continue to work close to normal levels.
Source: http://steelguru.com/news/index/2009/06/03/OTY5MDY%3D/Power_demand_to_boost_India_coal_imports_during_monsoon.html
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Wednesday, 17 June 09
MINE BLAST KILLS NINE, BURIES DOZENS
A major mine explosion near Sawahlunto city, West Sumatra, Tuesday, killed at least nine people while more than 30 were buried and are feared ...
Tuesday, 16 June 09
INDIAN MINING WORKER ARRESTED IN BENGKULU
Forestry officials in Bengkulu Province, Sumatra, arrested one Indian national and two Indonesians on Sunday for unauthorized exploration in the ele ...
Tuesday, 16 June 09
INDIAN GOVERNMENT MAY ALLOW PRIVATE COMPANIES TO MINE COAL
The government is “strongly considering” to allow commercial coal mining by private companies in a bid to bridge the demand-supply gap, ...
Monday, 15 June 09
SAFRICA'S COAL TERMINAL EXPANSION DELAYED TO Q4
South Africa's Richards Bay Coal Terminal (RBCT) said on Monday the completion of a project to expand the export facility had been delayed to the f ...
Monday, 15 June 09
SHENHUA DENIES GIVING GROUND ON EXPORT COAL PRICE - REUTERS
China Shenhua Energy Co, the country's top coal producer, expects Japanese and South Korean clients to pay at least as much as Chinese customers fo ...
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- Ministry of Transport, Egypt
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- London Commodity Brokers - England
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
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- Georgia Ports Authority, United States
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- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
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- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
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- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
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- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- The University of Queensland
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
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- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
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- Banpu Public Company Limited - Thailand
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- Jaiprakash Power Ventures ltd
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- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
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- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
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- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Orica Australia Pty. Ltd.
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- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
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- Energy Link Ltd, New Zealand
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- Indian Energy Exchange, India
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
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- GAC Shipping (India) Pvt Ltd
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