We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 16 July 09
JAPAN'S J - POWER STARTS OPS AT NEW 600 MW COAL UNIT
Reuters, a worlds leading news agency reported that, Electric Power Development Co (J-Power) said on Thursday it started commercial operations at it ...
Thursday, 16 July 09
DELIVERY OF COAL MINE EXPLORATION THROUGH NEWCASTLE PORT ROSE 11 PERCENT
July 16th, 2009 Newcastle is a port in Australia that provides services in the delivery of coal from Australia to other countries. Newcastle port ha ...
Thursday, 16 July 09
CIL KEEN ON JOINT VENTURES
* Targets to raise production by 10 m tonnes by 2012
* Plans to tap reserves of abandoned mines
The Hindu, an Indian news paper reported that, t ...
Wednesday, 15 July 09
COAL INDIA INVITES EOI FOR COAL MINING IN FOREIGN COUNTRIES
Economict Tmes reported that, Coal India, a leading PSU with a status of Navratna, today, invited Expression of Interest for selection of strategic ...
Wednesday, 15 July 09
BANGLADESH TO IMPORT COAL FROM INDIA FOR 1 MORE YR
Bangladesh has decided to import coal from neighbour India for another year to save foreign exchange and time, a commerce ministry official said on ...
|
|
|
Showing 6596 to 6600 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
|
| |
| |
|
