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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 $66.64 a tonne, several dollars higher than the net back prices, they said.
Source: Reuters
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Monday, 23 November 09
INDONESIA MINING RULE THREATENS INVESTMENT DRIVE
A new Indonesian mining rule, limiting contract work that can be outsourced and favouring local players, is shaping up as a new blow to plans ...
Sunday, 22 November 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AT US$ 25,000/26,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR ANALYSIS
COALspot.com (Singapore): Analyised by Capt. Radhakrishnan Reddy, Managing Director of Vistaar Shipping Services, Singapore.
BDI hits a new high ...
Friday, 20 November 09
INDONESIA UNITED TRACTORS PLANS $430 MLN CAPEX IN 2010
Reuters reported that, Indonesian heavy equipment distributor and mining contractor PT United Tractors Tbk plans capital expenditure of $430 million ...
Friday, 20 November 09
DRY BULK SHIP OWNERS HOPE RALLY WILL LAST
Boon times are still on the daily agenda of every dry bulk ship owner these days after one of the toughest year in the industry’s century-old ...
Friday, 20 November 09
NTPC LOOKING FOR LONG TERM CONTRACTS FOR COAL IMPORT
Business Standard of India reported that, State run power firm NTPC today said it is looking for long-term supply of coal from overseas market to me ...
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- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Posco Energy - South Korea
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- VISA Power Limited - India
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- Planning Commission, India
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Australian Coal Association
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
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