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Monday, 27 July 09
TAIWAN'S FORMOSA EYES S.AFRICAN COAL FOR Q4: TRADE
 Reuters reported that, Taiwan's Formosa Plastics Group is looking to buy two South African thermal coal cargoes for delivery in the fourth-quarter, having already imported 1.2 million tonnes from the country this year.
Trade sources said on Monday that Formosa was seeking a cape-sized cargo each for delivery in the months of November and December, as South African coal prices are now cheaper than Australian supplies by about $18 a tonne.
"They have their own vessels so buying spot cargoes from South Africa is the cheapest option on a landed basis," said an industry source with knowledge of the deals.
The source added that a trading firm has offered November and December cargoes to Formosa at around $66 a tonne.
Formosa has been buying one cape-sized South African coal cargo on a spot basis every month since March and has so far booked shipments until October, bringing total purchases so far this year to 1.2 million tonnes, or eight cape-sized shipments, said two trade sources.
On a landed basis, the conglomerate has been able to secure South African supplies at about $80 a tonne; paying about $63-$65 a tonne on a free-on-board (FOB) basis from South Africa's Richards Bay coal port, while freight rates for the route are at around $16 a tonne.
"That's a huge discount compared to bringing in Australian coal," said a trader.
Thermal coal prices in South Africa have been trading at a discount to Australian material most of this year as demand from Europe -- the country's major market -- shrank amid falling industrial power consumption.
South African coal prices stood at $60.67 a tonne on globalCOAL's RB index on Friday, while Australian coal prices were at $78.04. The indices are based on coal with similar qualities.
South African coal exports to Asia excluding India and Pakistan in January to June were around 1.4 million tonnes, a slight rise from 2008 levels, with China having bought about 150,000 tonnes during this period.
Source: Reuters
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Tuesday, 28 July 09
SHENZHEN ENERGY INKS COAL PURCHASE CONTRACT WITH CHINA SHENHUA
China Knowledge reported that, Shenzhen Energy Group Co Ltd has signed a five-year contract with China Shenhua Energy Co Ltd, which is engaged in th ...
Tuesday, 28 July 09
BUKIT ASAM ENJOYS STRONG FIRST HALF
The Jakarta Post reported that, state coal miner PT Tambang Batubara Bukit Asam (PTBA) enjoyed a strong first half performance with six-month net pr ...
Tuesday, 28 July 09
NEWCASTLE LOADED 1.943 MILLION TONS OF COAL IN THE WEEK ENDED 27TH JULY 2009
COALspot.com (Singapore) : The volume exported from Australia’s Newcastle port in the week ended - 07:00 hours 27 July 2009 ...
Monday, 27 July 09
INDIA PAYING HIGHEST PRICE FOR S.AFRICA COAL - PRODUCERS
* Spread between South African and Pacific origin coal very wide
* Lack of European buying makes India indicator of value
Reuters reported that, ...
Monday, 27 July 09
ADANI POWER'S $625 MILLION IPO TO GENERATE HOT DEMAND
WSJ reported that, Adani Power, the electricity generating unit of India's Adani Enterprises Ltd., is set raise up to US$625 million in wha ...
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- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- Planning Commission, India
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Economic Council, Georgia
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
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