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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, 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 ...
Monday, 15 June 09
POWER PLANT SUFFERS FROM COAL CRISIS - THE STATESMAN
The 3,000 mw NTPC-Kaniha power plant, the second biggest in the country, is facing an unprecedented coal crisis with stocks dipping to a low of only ...
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- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
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- Thiess Contractors Indonesia
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- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Minerals Council of Australia
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- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
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- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
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- Africa Commodities Group - South Africa
- Central Electricity Authority - India
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- Anglo American - United Kingdom
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- Sinarmas Energy and Mining - Indonesia
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- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
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- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
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- Power Finance Corporation Ltd., India
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- Mintek Dendrill Indonesia
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- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
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- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
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- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
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- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- The University of Queensland
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
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- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
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