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Wednesday, 18 November 09
AMBUJA COAL TENDER PRICES EQUATE TO $61.50/T FOB
 Reuters reported that, coal prices achieved by Indian cement maker Gujarat Ambuja in its early November tender equate to $61.50 a tonne FOB Richards Bay, several dollars below the prevailing API4 physical index, Indian traders said.
Traders supplying coal on a delivered basis to Indian end-users at fixed prices have been squeezed by the recent rise in South African Richards Bay coal prices which is forcing them to supply at a significant loss.
"Around half a million tonnes of cargo has been traded at least index minus $8.50 approximately," one Indian coal trader said.
Traders have been buying South African coal at floating prices based on the API4 index to meet commitments made at fixed prices.
Indian cement makers such as Ambuja tend to prefer South African coal to lower quality, cheaper Indonesian material.
The rise in API4 to 12-month highs has left some facing losses of up to $10.00 a tonne.
Most of the Indian traders who will import nearly 20 million tonnes of South African coal in 2009 have not hedged their coal or their freight.
Gujarat Ambuja bought around 500,000 tonnes of South African coal in the first week of November at prices of $82.00-$84.50 a tonne CIF India, Indian traders said.
Ambuja bought two December handymax cargoes at $83.00 a tonne CIF West Coast India, three cargoes for January-April at $84.50 a tonne CIF West Coast, three cargoes for April-May delivery at $84.50 a tonne CIF West Coast and two May cargoes at $82.00 a tonne CIF East Coast, they said.
The suppliers were three Indian coal trading companies.
At prices of $84.50 a tonne CIF, given prevailing freight from Richards Bay to India at the time of the deals, these prices net back to $61.50 a tonne FOB Richards Bay, traders said.
During the week of the deals, the API4 physical index of prompt Richards Bay prices was $66.64 a tonne, several dollars higher than the net back prices, they said.
Source: Reuters
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Monday, 30 November 09
THE FUTURES FOR THREE YEARS (2010-2012) WAS SOFT COMPARED TO LAST WEEK - VISTAAR SINGAPORE
COALspot.com (Singapore): BDI continued to drop this week and touched below 4,000 mark level. The drop in BDI was almost 12 pct and closed at 3,975 ...
Monday, 30 November 09
INDIA UTILITIES MOVE TO COAL INDEX - PRICING
Indian state utilities are leading a switch to coal index-linked pricing from fixed prices to secure imports and to be visibly paying fair market pr ...
Monday, 30 November 09
RECAPITAL TO ACQUIRE BERAU COAL
Unlisted Indonesian coal producer Berau will redeem outstanding bonds before the acquisition by Recapital Advisers is completed by the end of this y ...
Friday, 27 November 09
IMPORTING LIGNITE INTO COAL RICH KOSOVO
Balkan Insight has discovered that one of Kosovo’s biggest firms is being forced to import lignite from Malaysia and Indonesia, despite estima ...
Friday, 27 November 09
SOUTH AFRICA STILL TOPS IN COAL EXPORT RANKINGS
Mining Weekly reported that, Despite significant coal-mining capacity recently discovered in the Southern African region, according to senior coal a ...
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- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Economic Council, Georgia
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- The University of Queensland
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
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