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Friday, 24 July 09
INDIA TAKES 9 MILLION TONNES S. AFRICAN COAL JAN - JUNE
 Reuters reported that, India accounted for nearly 9 million tonnes of South Africa's January-June exports of around 28 million tonnes, industry sources said on Thursday.
An average of 30 percent of South Africa's coal exports have been absorbed by India so far this year. This marks a significant shift from two years ago before Indian demand began booming when almost all South African coal went to Europe.
If the current strong pace of demand continues, India could import 18 million tonnes from South Africa in 2009, up from around 10 million in 2008, industry sources said.
"There is potential that (South Africa) will export a lot more into India this year than last year ... there are good signs from India and there is more appetite," said Anglo Coal South Africa Chief Executive Officer Ben Magara last week.
India is a totally price-driven market, Indian traders and South African coal suppliers said on Thursday. End-users buy whatever coal is cheapest on a delivered basis.
"Indonesian coal is too expensive now. The sellers want the same price as Newcastle coal - over $70.00 for good quality material. South African is definitely preferred at present," one major Indian coal importer said.
In comparison, prompt South African coal cargoes are trading at around $62.00 a tonne FOB Richards Bay.
India's burgeoning power generation need is mostly coal-fuelled and reliant upon low-quality Indonesian imports.
Indian cement makers and sponge iron producers prefer South African coal for its quality but will turn to the cheapest origin at any given time for spot buying.
At the beginning of the year India's demand for South African coal was forecast to rise to 12 million tonnes from 10 million last year to supply cement and sponge iron producers.
But if Indonesian coal continues to trade at a much higher price than South African the demand will be substantially higher for South African than previously thought.
THE GROWTH MARKET
"If you look at the vessels which have been arriving at Richards Bay in recent months, a large proportion of them are the 50,000 tonne handymaxes used by the Indian market," one industry source said.
"Indian imports could be double this year. India is the growth market," he added.
South African coal exports to Northwest Europe have been falling in recent months, coal terminal sources in Amsterdam and Rotterdam said on Wednesday.
Shipments to Amsterdam-Rotterdam-Antwerp were less than 6 million tonnes in Jan-June this year, industry sources said.
Coal stocks in ARA are close to capacity due to falling industrial power demand and extremely heavy utility stock-building in Q2.
Without the unprecedented Indian demand, South African coal producers would have struggled to place unsold spot tonnages in the European market.
Indian demand has kept South African FOB Richards Bay prices at close to parity with the price of coal cargoes delivered into Europe during the past few months.
Source: Reuters
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Friday, 24 July 09
BIG ADARO SHAREHOLDERS CREATE HOLDING COMPANY
The nation’s second-largest coal producer, PT Adaro Energy, said on Thursday that five key shareholders had merged their holdings in the compan ...
Thursday, 23 July 09
KOMIPO LAUNCHES TWO COAL TENDERS
Korea Midland Power on Wednesday launched two tenders to procure bituminous or semi-anthracite coal for August to September delivery. Bids close on J ...
Thursday, 23 July 09
GUANGDONG BUYERS SET TO IMPORT 2.3 MILLION MT FROM VIETNAM - MEDIA
Several coal-consuming companies in China’s Guangdong Province, headed by Guangdong Yudean Group (Guangdong Power Generation Group), have inke ...
Thursday, 23 July 09
KEPCO BUYS 1.5% STAKE IN ADARO ENERGY FOR US$ 56.5M
WSJ reported that, state-run utility Korea Electric Power Corp., or Kepco, Thursday said it has acquired a 1.5% stake in Indonesian coal miner, PT A ...
Thursday, 23 July 09
INDONESIA COAL-PRICES CLIMB TO $80, INDIAN DEMAND SLOWS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, jumped to nearly $80 a tonne this week, while Indonesi ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- The University of Queensland
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Planning Commission, India
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
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