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Tuesday, 24 April 18
IMPORTING INDONESIAN COAL MAKES SENSE FOR INDIAN COASTAL PLANTS EVEN WHEN IT IS COSTLIER THAN INDIAN - ECONOMIC TIMES
 Rising Indonesian coal production and lower Chinese demand have pulled down Indonesian coal prices by 22% over the last 45 days, a trend that augurs well for plants that import fuel, said The Economic Times of India in its report published late last week.
China has restricted coal imports at many ports and plans to phase out a large number of thermal plants, hurting demand. Indian power generators are likely to increase imports because they face a supply crunch. It would also ease pressure on Coal India although it would increase dependence on foreign fuel, further said The Economic Times of India.
According to The Economic Times, experts said prices are expected to fall further, keeping potential buyers away from the market as they are waiting for lower rates. Public sector power companies would continue to follow centre’s directive of not importing fresh consignments. A senior power company executive said: “As Indonesian prices fall, power plants within a radius of 150 km from ports will find it remunerative to import. Ash content in Indonesian coal is, at most, 10% while Indian coal contains ash of 30-40%.
The Economic Times of India further noted that, Importing Indonesian coal makes sense for coastal plants even when it is costlier than Indian. However, for pit head plants, it is still a costlier option and will continue to be so unless prices fall drastically.”
Deepak Kannan of S&P Global Platts in Singapore said price of freight on board Kalimantan 4200 GCV as received coal — a popular grade bought by both India and China in significant quantities — has dipped to $40 per tonne on Tuesday (17 April), from $51 late February.
According to a coal importer, The Economic Times of India said, the 4,200 GAR calorific value coal variety from Indonesia can be roughly compared to G11grade sold by Coal India. “Base price of G11 at pit head is Rs 1,145 (approximately US$ 17.20) per tonne. A consumer pays Rs 2,200-2,300 (approximately US$ 33.06 - 34.56) per tonne after paying handling charges, GST, Royalty and other levies. This coal when offered through e-auction fetches higher prices that could be as higher by 30-40% over the base price. In contrast the landed price of the Indonesian variety comes to around $50.19 (Rs 3,287) at ports,” the importer said.
However, price of 3,800 GAR calorific value coal is $42.63 per tonne (Rs 2,792), whereas basic price of G12 is Rs 1,063 (approximately US$ 15.97) and its ex-mine comes to Rs 1,800-1,900 (approximately US$ 27.04 - 28.55) per tonne.
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Friday, 30 March 18
SHIPPING INDUSTRY CONFIDENCE HITS FOUR-YEAR HIGH - MOORE STEPHENS
Shipping Confidence Survey
In February 2018, the average confidence level expressed by respondents was up from 6.2 in November 2017 t ...
Friday, 30 March 18
EXPLAINING POLAND'S COAL PARADOX - FORBES
In the U.S. coal is succumbing to market forces despite the Trump Administration’s push to support the industry. Abundant, cheap and cleaner ...
Friday, 30 March 18
THIESS SECURES $140M MT OWEN INCREASE
Thiess has secured a A$140 million increase to its contract with Glencore for coal mining services at Mt Owen in the Hunter Valley, Australia. Mt O ...
Wednesday, 28 March 18
THIESS WINS $280M WAHANA EXTENSION
Thiess has been awarded a three-year $280 million contract extension at the Wahana coal mine in South Kalimantan, Indonesia.
According to Thie ...
Wednesday, 28 March 18
RIO TINTO TO SELL KESTREL MINE FOR $2.25 BILLION - REUTERS
Rio Tinto sold its remaining coal asset Kestrel in Australia to private equity manager EMR Capital and Indonesia’s Adaro Energy Tbk for $2.25 ...
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- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Economic Council, Georgia
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Australian Coal Association
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Trasteel International SA, Italy
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- The University of Queensland
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
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