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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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Sunday, 21 June 09
CHINESE MINERS SEAL THERMAL COAL DEALS WITH JAPAN AND KOREA
As the confrontation between China's power and coal enterprises become more and more serious, coal enterprises which had supposedly been in the sho ...
Sunday, 21 June 09
MERCATOR TO BUY 3 BULK VESSELS
Mercator Lines, India’s second-largest private shipping company, is expanding its capacity and is set to acquire three gearless post-Panamax b ...
Sunday, 21 June 09
COAL SCARCITY HITS BIHAR POWER PLANTS
The Rs 60,000 crore 12,500mw power projects cleared by the State Investment Planning Board (SIPB) which could change the face of Bihar if commission ...
Sunday, 21 June 09
NLC CHALKS OUT RS 40K CR INVESTMENT
Public sector mini rathna, Neyveli Lignite Corporation is in rapid expansion mode and has chalked out Rs 40,000 crore investment both in
the mining ...
Sunday, 21 June 09
TRANSPORT PROBLEMS HOLD BACK RUSSIAN COAL EXPORTS
Limited rail capacity and poor port infrastructure are frustrating the ambitions of Russia's leading coal producers to increase exports quickly to ...
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- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
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- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
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- VISA Power Limited - India
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- Africa Commodities Group - South Africa
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- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
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- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
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- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
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- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
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- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Bhatia International Limited - India
- Indian Energy Exchange, India
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
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- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
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- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
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- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
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- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Malabar Cements Ltd - India
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- Parry Sugars Refinery, India
- ICICI Bank Limited - India
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- Agrawal Coal Company - India
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- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
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- PowerSource Philippines DevCo
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- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Minerals Council of Australia
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- SN Aboitiz Power Inc, Philippines
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- Energy Development Corp, Philippines
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- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
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- Australian Coal Association
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- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
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- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
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- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
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- CIMB Investment Bank - Malaysia
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- Leighton Contractors Pty Ltd - Australia
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- The University of Queensland
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- Bangladesh Power Developement Board
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- Economic Council, Georgia
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- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
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- Bulk Trading Sa - Switzerland
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