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Saturday, 22 August 09
INDIAN COAL BUYERS RE-EMERGE WITH FRESH TENDERS
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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Monday, 10 August 09
POLICY HURDLES DELAY NALCO'S U$$ 4.166 BILLION OVERSEAS PROJECTS
National Aluminium Company Ltd's (NALCO) greenfield projects in overseas markets like Indonesia and Iran are in limbo because of political
...
Monday, 10 August 09
SAIL, TATA STEEL TO REDUCE COAL IMPORTS BY PARADIP PORT
World Shipping News reported that, Steel Authority of India Ltd (SAIL) and Tata Steel have scaled down coal imports through Paradip Port, hit by pre ...
Monday, 10 August 09
NTPC LIKELY TO SET UP POWER PLANTS IN NIGERIA AND SRILANKA
Economic time reported that, National Thermal Power Corporation Limited (NTPC), country's largest power utility, is likely to set up power plants i ...
Monday, 10 August 09
VINACOMIN TO SELL COAL AT MARKET PRICES TO DOMESTIC USERS
VNBusinessNews.com - Reuters reported that Vietnamese government has agreed to let coal monopoly Vinacomin sell coal at market oriented prices to do ...
Sunday, 09 August 09
TNEB ENNORE PORT CALLS TO TRIPLE COAL OUTPUT
World Shipping News reported that, the Tamil Nadu Electricity Board (TNEB) has asked Ennore Port Ltd (EPL) to increase the port’s installed ca ...
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- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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