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Saturday, 22 August 09
INDIAN COAL BUYERS RE-EMERGE WITH FRESH TENDERS
.jpg) Reuters world's largest international multimedia news agency reported that,Indian coal end-users have re-emerged after a few weeks with several fresh tenders for Indonesian and South African coal for delivery from September, Indian traders said.
"They are all coming back to the market now. Coal prices have been very stable and buyers can see there's unlikely to be much volatility in the next few months, maybe $5.00-$10.00 maximum so they are keen to secure tonnage," said an Indian trader who is one of the country's largest importers.
India needs to import up to 70 million tonnes of coal in 2009 to bridge the gap between domestic output and demand. The bulk will be low-grade Indonesian material but up to 20 million tonnes will come from South Africa, and a smaller portion from Australia and Russia.
India's booming demand for South African coal for use in cement and sponge iron production has been by far the biggest price-supporting factor for FOB Richards Bay prices.
South African coal prices have hovered at around $60.00-$65.00 a tonne FOB Richards Bay for over two months.
Freight rates have risen sharply over the course of the year but Indian end-users are resigned to having to pay $80.00-$90.00 a tonne CIF for coal, traders said.
TENDERS ISSUED THIS WEEK
* Ultratech, one of India's largest cement makers, for 500,000 tonnes of South African coal for September-December delivery. Ultratech will negotiate final prices next week.
* State utility Kolkata Electric for 150,000 tonnes of Indonesian coal. This is a private tender issued to qualified participants run directly by the utility rather than state coal buyers such as MMTC or NTPC.
* Gujarat Narmada Valley Fertilizers Ltd (GNFC) is seeking 130,000 tonnes of coal with an extra optional 130,000 tonnes all for delivery in the balance of 2009.
* MMTC's tender in June for 12.5 million tonnes of coal will be re-issued any day now with fresh contract terms approved by the Ministry of Commerce. The 12.5 million tonnes is expected to be split among several suppliers with less onerous performance bond conditions than in the original tender.
Source: Reuters
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Wednesday, 19 August 09
MMTC SCRAPS CONTROVERSIAL COAL TENDER
Most of NTPC’s coal-based projects don’t have sufficient stock of coal
State-owned trading firm MMTC Ltd has scrapped its controversi ...
Wednesday, 19 August 09
THE 3RD ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2009 WILL BE HELD IN CHINA IN SEPTEMBER 2009
COALspot.com (China): Due to the inversion of domestic and overseas coal price in China, China coal import increased dramatically and continuously. ...
Wednesday, 19 August 09
COAL INDIA PLANS SUBSIDIARY IN MOZAMBIQUE
Business Standard reported that, Coal India Ltd (CIL), which was awarded two exploratory coal blocks in Mozambique in March this year, has decided t ...
Tuesday, 18 August 09
INDIA PLANS 'SIMPLER' MINING LAW TO BOOST INVESTMENT
Bloomberg reported that, India aims to cut permit delays and attract overseas capital through “simpler” resource investment laws to help ...
Tuesday, 18 August 09
BANPU TO FOCUS ON CORE BUSINESS
Banpu, the country's leading energy firm, expects to conclude its four-year strategic plan next month, resulting in a strengthening of its core bus ...
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- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Energy Development Corp, Philippines
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
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