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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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Saturday, 25 July 09
HUANENG EYES MAJORITY STAKE IN PT BERAU COAL
CCTV reported that, China's largest publicly traded power company has submitted a bid for controlling stake in Indonesia's fifth largest coal mine ...
Saturday, 25 July 09
ADANI POWER TO IMPORT COAL FOR MUNDRA PLANT
BL reported that more than 50% of the coal requirement for Adani Power’s 4,620 MW Mundra plant will have to be imported from Indonesia though ...
Friday, 24 July 09
INDONESIAN COAL NEWS - UPDATE
Income from tax slow
Since the economic crisis in October 2008 until now, tax from the general mining sector is slow. According to the Director Gene ...
Friday, 24 July 09
S.AFRICA JAN-JUNE EXPORTS TO ASIA AROUND 1.4 MLN T
* China takes 140-150,000 tonnes
* S.Korea imports zero
* Hong Kong utilites buy S.African coal
South African coal exports to Asia excluding India a ...
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 ...
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- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- PTC India Limited - India
- Indian Energy Exchange, India
- Mjunction Services Limited - India
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Australian Coal Association
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
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