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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, 13 June 09
CLEARLY THE DRIVER FOR DRY BULK MARKET SEEMS TO BE IMPORTS BY CHINA - VISTAAR SINGAPORE
COALspot.com (Singapore): The market saw mixed results last week. The beginning of the week saw the indices dropping including the futures , however t ...
Friday, 12 June 09
SOUTH SUMATERA SPEEDS UP INTERNATIONAL HARBOR CONSTRUCTION - TEMPO INTERACTIVE
The South Sumatera Government will speed up construction of the international harbor Tanjung Api-Api. The harbor is a strategic entry point for comm ...
Friday, 12 June 09
CHINA SHENHUA NOT EYEING NEW FOREIGN COAL MINES - MEDIA
China Shenhua Energy Co Ltd , the top Chinese coal miner, will not consider buying any major overseas mines before it starts operating the Watermark ...
Friday, 12 June 09
CHINA TOP POWER COS SIGN REGIONAL COAL DEALS - REUTERS
China's top five power generating groups have signed 2009 coal supply contracts with miners in Guizhou and Xinjiang, with prices up 4 percent on th ...
Friday, 12 June 09
MERCATOR LINES TARGETS 30 MILLION TONNE FROM MOZAMBIQUE COAL MINE - STEEL GURU
India’s second largest private shipping company Mercator Lines has targeted production of 30 million tonnes of coal from its Mozambique mine o ...
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- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
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