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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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Wednesday, 11 November 09
INDONESIA ASKS DOMESTIC COAL FIRMS TO SET ASIDE 30PCT OF OUTPUT
Indonesian government said that it had asked domestic coal producers to set aside 30% of their output next year to meet demand from new coal fired p ...
Wednesday, 11 November 09
MINING ACQUISITIONS BECOMING MORE STRATEGIC - E&Y
Mining Weekly reported that, Although miners around the world are looking to position themselves for growth, companies are being more selective when ...
Tuesday, 10 November 09
THAI COAL MINER BANPU Q3 NET UP, BEATS FORECAST
Reuters reported that, Thailand's top coal miner, Banpu, said on Tuesday its third-quarter net earnings rose a higher-than-expected 22 percent, hel ...
Monday, 09 November 09
NAPOCOR DEFERS 50,000 T COAL TENDER
Top Philippine electricity producer National Power Corp. (Napocor) has indefinitely postponed a tender for supply of 50,000 tons of steam coal sched ...
Monday, 09 November 09
SAM'S SEAFOOD HOLDINGS SET TO COMMENCE DRILLING AT INDONESIAN COAL PROJECT
Proactive Investors reported that, Sam's Seafood Holdings is preparing to kick off diamond drilling at the company's Indonesian coal project after ...
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- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- ASAPP Information Group - India
- Marubeni Corporation - India
- Australian Coal Association
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
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