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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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Tuesday, 23 June 09
NAPOCOR TO RE-TENDER FOR 195,000 T COAL IN JULY
Electricity producer National Power Corp. (Napocor) will hold a tender on July 15 to buy 195,000 tons of steam coal for its Sual power station, the ...
Monday, 22 June 09
ONE DIES IN KUTAI COAL TUNNEL COLLAPSE
The Jakarta Post reported that, A tunnel at a coal mine belonging to company PT Fajar Bumi Sakti in Kutai Kartanegara, East Kalimantan collapsed on ...
Monday, 22 June 09
THIS WEEK IS EXPECTED TO BE FIRM AND DEMAND OF SHIPS WOULD BE STRONG - VISTAAR SINGAPORE
COALspot.com (Singapore): The BDI up by 487 points over last week which is an increase of almost 13 pct. The increase is again mainly due to Ca ...
Monday, 22 June 09
CHINESE MAY COAL IMPORTS HIT RECORD 9.43 MILLION TONNES
Reuters quoted Custom Data showed that China's coal imports hit an all-time record of 9.43 million tonnes in May.
The figure surpasses the previ ...
Monday, 22 June 09
SOUTH AFRICAN EXPORT COAL DECLINES ON WEAKENING EUROPEAN DEMAND
Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, posted the first dro ...
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- Planning Commission, India
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Economic Council, Georgia
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
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