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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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Thursday, 18 June 09
INDIKA GETS APPROVAL ON PETROSEA ACQUISITION
PT Indika Energy, the country’s third-biggest miner, said on Wednesday that its shareholders had approved its plan to acquire an 81.95 percent ...
Thursday, 18 June 09
MORE FUNDS FOR COAL VIDESH ASSET BUY
The government plans to let Coal Videsh, a subsidiary of Coal India, have more than Rs 1,000 crore at its disposal to shop for assets abroad.
&ld ...
Wednesday, 17 June 09
MINE EXPLOSION'S DEATH TOLL HITS 30 - (UPDATE 1 )
Search and rescue workers have discovered the bodies of 30 miners who were killed in a coal mine explosion in the West Sumatra regency of Sawahlunto ...
Wednesday, 17 June 09
S.KOREA UTILITIES INK '09 COAL CONTRACTS WITH CHINA
* S.Korea to buy 3 mln tonnes of coal from China at $78.50/T
* Talks between individual power firms and miners ongoing
South Korean utilities ...
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 ...
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- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- White Energy Company Limited
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- The University of Queensland
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
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