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Friday, 11 September 09
INDONESIA COAL-PRICES AT $66, SUPPLIERS OFFER AT BARGAIN PRICES
 Some Indonesian producers were rushing to sell coal at bargain prices to ease excess stocks and catch shipments before the Muslim Eid Al-Fitr festival which could depress prices.
A deluge of supply from Indonesia amid weak demand has sent prices of power-station coal from Australia to 3 1/2-months low.
Thermal coal prices on the globalCOAL Newcastle weekly index, a benchmark for Asia, edged down $0.67 from the previous week to $66.46 a tonne on Wednesday on plentiful coal supply from Indonesia, amid a seasonally low demand period.
Indonesian bituminous coal with a heating value of 6,300 kcal/kg air-dried basis was offered at around $60 a tonne, FOB vessel, and around $55 for FOB barge basis, roughly unchanged from last week.
"Demand is still there, but not much," a regional trader said.
But traders saw demand from China and from other Southeast Asian countries such as Thailand picking up amid a drop in coal prices.
"China is scouting for bituminous coal with heating value above 6,100 kcal/kg as prices are already low now," said an Indonesian trader with a small mine in East Kalimantan in Borneo island, producing about 200,000 tonnes a month.
"We were approached to supply 70,000 tonnes a month to a new Chinese buyer," he said, adding that Chinese buyers are looking for shipment from October onwards.
Some analysts said China's demand for imported coal could increase further in coming months, as a recent wave of coal mine closures triggered by a mine explosion could raise domestic coal prices, making imports more attractive.
There were no physical trades for Newcastle coal registered at the globalCOAL platform this week.
* INDONESIAN SUB-BITUMINOUS
Indonesian sub-bituminous coal with a heating value of 5,300-5,500 kcal/kg (ADB) was offered at around $32 a tonne, FOB vessel for prompt shipment.
Indonesian producers were rushing to offer their sub-bituminous coal to ease stocks as production was piling up due to good weather and slow domestic demand.
"There has been no rain in Kalimantan for the past weeks. Normally, rains have started at this time of year. This (dry period) allows miners to boost production," another Indonesian trader said.
People are also selling off their coal to ease stock before the Eid Al-Fitr holiday to avoid the risk of fire from self-igniting coal, which often occurs, traders said. Many Indonesian offices will be closed from Sept. 18-23 for the holiday.
But plentiful sub-bituminous coal coal supply amid slow demand has put pressure on spot prices, with buyers able to buy the fuel at below $30 for coal of 5,500 kcal/kg, traders said.
"Buyers have plenty of choice now. I would sell at a bargain if there were any buyers that are interested in prompt shipment," the first Indonesian trader said.
A drop in prices has lured Chinese buyers to buy Indonesia's cargoes, the first Indonesian said, adding it has received a request to supply 60,000 tonnes a month of coal of 5,000 kcal/kg gross as-received to a Chinese buyer.
Meanwhile, Indian buyers had approached Indonesian suppliers for supply commitment to join a government tender.
Source: Alibaba
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Friday, 28 August 09
JSW MAY BUY AFRICAN MINE FOR US$ 350
The Economic Times Reported that, The Sajjan Jindal-owned JSW Group is in advanced talks to acquire a coal mine in Swaziland, Africa, at an estimate ...
Friday, 28 August 09
COAL INDIA ALLOWED TO IMPORT COKING COAL
The government Thursday allowed the state-owned Coal India to import coking coal and high grade ash thermal coal by acquiring coal properties abroad ...
Thursday, 27 August 09
CIL TO SPEND US$ 1 - 1.5 BN TO ACQUIRE ASSETS IN 4 COUNTRIES
Business Standard reported that, "Coal India is looking to spend $1-1.5 billion in acquiring mining assets in Australia, Indonesia, South Afric ...
Wednesday, 26 August 09
INDIA'S JSW TO DOUBLE JAIGARH PORT CAPACITY TO 20 MT
Sea Trade Asia reported that, JSW Jaigarh Port, a wholly owned subsidiary of JSW Infrastructure & Logistics, plans to double cargo handling capa ...
Wednesday, 26 August 09
JSW ENERGY NEARS COAL-SUPPLY LINKAGE DEAL IN INDONESIA
Sajjan Jindal-owned JSW Energy is close to finalising a coal-supply linkage pact in Indonesia and is also exploring options of acquiring ...
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- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Parliament of New Zealand
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Makarim & Taira - Indonesia
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Australian Coal Association
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
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