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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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Thursday, 19 November 09
THE GOVERNMENT TO GUARANTEE COAL SUPPLIES FOR POWER PLANTS
The government guarantees coal supplies for power plants under a 10,000 MW-capacity power plant construction acceleration program.
Minister of En ...
Thursday, 19 November 09
FAST-TRACK FOCUS ON COAL POWER MAY COST INDONESIA BILLIONS
The Jakartaglobe reported that, As it begins to tap its massive coal reserves to generate cheap electricity, Indonesia may face additional costs of ...
Wednesday, 18 November 09
THAI PTT PLANS COAL MINE INVESTMENT IN INDONESIA
* To conclude Indonesian coal mine buy in 6 months
* Sees coal output jumping to 20 mln tonnes in five years
Reuters reported that, PTT , ...
Wednesday, 18 November 09
ASIA-PACIFIC MINISTERIAL CONFERENCE ON PUBLIC-PRIVATE PARTNERSHIPS FOR INFRASTRUCTURE DEVELOPMENT
“Building Asia’s Infrastructure”
COALspot.com (Indonesia) Press Release: Infrastructure Asia 2010 is Asia’s premier infra ...
Tuesday, 17 November 09
JSW STEEL MAY SPEND $500 MILLION TO ACQUIRE COAL MINES OVERSEAS
JSW Steel Ltd., India’s third- biggest producer, may spend $500 million buying coal mines overseas, securing supplies for its local expansion. ...
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- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
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- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Economic Council, Georgia
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- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
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- Aboitiz Power Corporation - Philippines
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- Australian Coal Association
- Therma Luzon, Inc, Philippines
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- SMC Global Power, Philippines
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- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
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- Central Electricity Authority - India
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- Vedanta Resources Plc - India
- Interocean Group of Companies - India
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- Mercuria Energy - Indonesia
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- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
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- The University of Queensland
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- Leighton Contractors Pty Ltd - Australia
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- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Thai Mozambique Logistica
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- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- White Energy Company Limited
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
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