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Monday, 07 December 09
VEDANTA RESOURCES ISSUES TENDER TO IMPORT 2.25 MILLION COAL
COALspot.com (India): Vedanta Resources plc is a London stock exchange listed FTSE 100 diversified metals and mining major with revenues in excess of USD 6.5 billion company issued a tender to import 2.25 Million MT of Steam coal (Bituminous / sub-bituminous) for arrivals between January 2010 and December 2012 on long term basis (750 thousand MTs per annum).
Hindustan Zinc Limited (HZL) & Madras Aluminum Company Limited (MALCO) are the operating companies of Vedanta in Lead, Zinc, Aluminum & Power businesses in India.HZL & MALCO put together operate 440 MW capacity power plants and coming up with another 2X80 MW power plants in Rajasthan, India.
Both the companies invite coal producers to offer for 2.25 Million MT of Steam coal (Bituminous / sub-bituminous) for arrivals between January 2010 and December 2012.
According to tender requirement, HNL will import 0.5 million MT +/- 10% per annum and MALCO will import 0.25 million MT +/- 10% per annum.
Technical Specifications
HNL
GCV-ADB (kcal/kg) 5800-6500 or GCV-ARB (kcal/kg) > 5200, Total Moisture (%) < 25, Ash content (%) < 15, Sulphur (%) < 1.5%, HGI 42-55 AFT-IDT (at reducing atmosphere) – Deg C > 1150, Na2O in ash (%) < 1.0, K2O in ash (%) < 2.0 4.
HZL is looking for coal from either Indonesia or South Africa on either FOB or CIF Navlakhi, Indian basis.
MALCO
GCV-ADB (kcal/kg) 6000-6500 or GCV-ARB (kcal/kg) > 5500, Total Moisture < 18 (%), Inherent Moisture (%) <10, Ash content (%) < 10, Sulphur (%) < 1.0%, HGI 45-47, VM 38-42, AFT-IDT (at reducing atmosphere) – Deg C > 1150 AFT-HT (at reducing atmosphere) – Deg C > 1200 and Size -2mm to be less than 10%.
MALCO is looking for coal from Indonesia on either FOB or CIF Karaikal / Chennai / Tuticorin India Basis.
Other Restrictions:
Only coal producers are invited to submit coal offers and restricted to middleman like agents / traders to submit the offers as well as for liasioning with the Purchaser. Offers to include the option to convert floating price to fixed price.
NewCastle index as per GlobalCoal ($/MT) and or API4 index as per Argus McCloskey ($/MT) would be used for floating pricing method.
Offer Submission and Validity
Last date of submission of the offer is 21 December’ 2009 and Validity of offer should be until 10th January’ 2010
For more information visit www.vedantaresources.com.
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Wednesday, 25 November 09
NAPOCOR SCRAPS AWARD OF 715,000 TONS COAL
Top Philippine electricity producer National Power Corp. (Napocor) said on Wednesday it had cancelled plans to award 715,000 tons in coal supply con ...
Wednesday, 25 November 09
RISING FREIGHT RATES HIT COAL IMPORTERS
While state-owned NTPC’s 12.5 million tonne coal import order may have been aimed at plugging the shortage of coal at its thermal power plants ...
Wednesday, 25 November 09
CSN TO BUY RIVERSDALE STAKE TO BOOST COAL SUPPLIES
Cia. Siderurgica Nacional SA plans to buy 16.3 percent of Australian coal-exploration company Riversdale Mining Ltd. for about A$190.5 million ($175 ...
Tuesday, 24 November 09
ICRA DOWNGRADES TNPL`S RATING TO LAA
Credit rating agency, ICRA has revised the long term rating for the Rs 11.25 billion long-term fund-based bank facilities and Rs 1.5 billion non-con ...
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 ...
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