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Thursday, 25 June 09
INDIA'S ULTRATECH BUYS 500,000T S.AFRICA COAL
 Indian cement maker Ultratech has bought 10 handymax cargoes of South African coal at $73.00-$74.00 a tonne CIF for July-September delivery, Indian traders said.
Ultratech is one of the Indian cement producers which favours South African coal over cheaper, lower energy-content Indonesian material. Ultratech usually buys 50,000 tonne handymax-size cargoes for delivery into Chennai.
"This tender saw extremely aggressive offers by some parties which give a South African FOB price of $53.00 a tonne or less," said one trader who participated in the tender unsuccessfully.
Indian trading house Adani was awarded the majority of the cargoes with the balance split between traders Swiss Singapore and Visa, traders familiar with the tender result said.
Handymax freight rates between South Africa's Richards Bay and Indian ports have risen to around $21.00 a tonne during the past few weeks in line with the general freight recovery.
Indian traders seeking cargoes to offer to both Ultratech and fellow Indian cement maker Gujarat Ambuja were bidding at $52.00-$53.00 a tonne FOB Richards Bay on Monday when prices fell sharply.
"Coal prices are too volatile right now to risk making a low offer. All the cargoes for Ultratech and Ambuja will be fresh shipments not sold from stockpiles so it is very difficult to judge the right price to offer," another Indian trader said.
Cement makers and sponge iron producers have been steadily buying South African coal for delivery through the monsoon season, often swooping to buy when the delivered cost has fallen to below $80.00 a tonne.
The rise in freight rates recently has prompted end-users to seek lower FOB coal prices to stay within their target delivered costs.
Monday's fall in FOB Richards Bay prices fell to $53.00-$54.00 triggered a surge of Indian buying enquiries, traders and producers said.
India has become a vital market for South African coal during the past three years. India accounted for over 30 pct of South Africa's steam coal exports in January-May, according to South African producers.
India is likely to import 12 million tonnes out of South Africa's projected exports of 67-68 million tonnes in 2009.
Source: Reuters (http://in.reuters.com/article/domesticNews/idINLO5469720090624?sp=true)
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Saturday, 04 July 09
MINING CONTRACT SOUGHT FOR COAL AREA IN MASBATE
Because of its coal deposits, a town in Masbate is one of the sites in the country being sought out for exploration and development by mining compan ...
Saturday, 04 July 09
S. AFRICA'S RICHARDS BAY TO CAP NEW COAL VOLUMES, MININGMX SAYS
South Africa’s Richards Bay Coal Terminal is proposing restrictions on the quotas it awards to coal exporters from the so-called Phase 5 expansi ...
Saturday, 04 July 09
DALRYMPLE BAY COAL TERMINAL EXPANSION COMPLETE
BABCOCK & Brown Infrastructure has completed expansion of the Dalrymple Bay Coal Terminal (DBCT) near Mackay, Queensland.
The terminal is now ...
Friday, 03 July 09
CHINA SHENHUA TO DOUBLE COAL CAPACITY BY 2014-PAPER
China Shenhua Energy Co Ltd plans to double its annual coal production capacity by 2014 from this year's level, the China Securities Journal report ...
Friday, 03 July 09
UKRAINE CUTS COAL PRODUCTION 9.3 PERCENT IN H1
Ukraine reduced coal production approximately 9.3%, or by 3.673 million tonnes, to 35.879 million tonnes in the first half of 2009 compared to the s ...
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- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Parliament of New Zealand
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
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