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