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Tuesday, 08 December 09
HIGH GLOBAL COAL PRICES HIT POWER PROJECTS
 Spot prices for the fuel have appreciated almost 10% in November.
After a sedate year, rising coal prices could hit the coffers of import-based domestic power generators in the next year. Spot prices for the fuel at Australia’s Newcastle port, a benchmark for Asia, have appreciated almost 10 per cent in November and rates at China’s Qinhuangdao port, a standard for the world’s largest coal consumer, have also seen a steady increase over the last two months.
Harried by the supply-demand mismatch in Indian coal production, a number of private sector power companies have pegged their port-based projects on overseas coal, with a specific dependence on the Indonesian variety. These include Reliance Power, which intends on using Krishnapatnam port, Essar Power, through Salaya port, and Tata Power as well as Adani Power, both of who will use Mundra Port.
“With Indian coal mining companies being unable to provide service to power producers such as NTPC, there is a huge dependence on the international market which is expected to increase as the volumes required are just not available in the country. Although long-term arrangements are being worked out, substantial amount of coal comes through the import route at present,” an analyst with InfralineEnergy Reseach and Information said.
However, with Indonesia’s thermal coal export growth likely to see a marked slowdown, importing the fuel will become more expensive for Indian firms.
Although Indonesian exports account for over 35 per cent of the global sea-borne coal market, the ability of Indonesian producers to ramp up production for sustaining export growth could be constrained by delay and regulatory uncertainties. Also, rising demand from Indonesian power producers and cautious capex programmes by major miners there, due to the global crisis, could see the prices of Indonesian coal rising in the coming months, according to a research by Citigroup.
Supply tightness is also expected to persist globally as export growth in both Australia and South Africa will be restricted due to port and rail infrastructure development. In the latter market, growing domestic demand, too, is likely to have an impact on thermal coal prices, an analysis by AME Mineral Economics suggested.
Moreover, thermal coal prices will also lent a degree of robustness as China, a study by Barclays Capital says, is likely to remain a major importer next year on the back of mine consolidation, expectation of a strong economic growth and possibility of higher taxes. In recent weeks, an increase in heating demand in China, triggered by the harshest winter in almost six decades, have spiked coal prices at Qinhuangdao port.
“Considering almost half of the coal requirement for the new coastal power projects is to be brought in from abroad, there will definitely be an impact on power companies. Although the cost of generation will increase, passing on the burden to the consumer will be tough and it will have to be absorbed by the generators themselves,” Angel Broking analyst Rupesh Sankhe said.
Although power companies have been allocated coal blocks for captive use, exploration and production from these might not happen immediately. Also, with many firms scouting for coal assets overseas, there is a dependence on spot purchases in the short-term.
“Larger players who have already secured assets abroad are unlikely to be affected and their consumers will not be hit if global coal prices rise. However, those firms who don’t have their own mines and are dependent on the market will have to bear the brunt,” Visa Group Chairman Vishambhar Saran said.
Although India has substantial non-coking coal reserves, in the range of 230 billion tonnes, there has been an increased reliance on imported coal. In 2007-08, the country imported about 28 million tonnes of non-coking coal as compared to 8.69 million tonnes in 2003-04. However, according to Citigroup estimates, India could have a combined import demand for thermal and coking coal to the tune of 140 million tonnes per year by 2013-14.
Source: Business-Standard
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Saturday, 31 October 09
FLSMIDTH WINS MAJOR INDIAN COAL HANDLING PROJECT
Top global supplier of minerals processing and materials handling equipment, FL smidth, has won another important coal handling contract in India
...
Saturday, 31 October 09
INDIA OPENING POWER SECTOR TO PRIVATE INVESTMENT, COAL STILL THE FUEL OF CHOICE
Energy Tribune reported that, With coal-fired power plants as the primary source, India’s electricity generation sector space has been dominat ...
Friday, 30 October 09
MINERS TOLD TO SPEND ON LOCAL SERVICE FIRMS
The energy and mineral resources ministry has issued a ministerial regulation ordering mining firms to prioritize hiring domestic service companies ...
Friday, 30 October 09
TATA POWER MAY BUY COAL FROM RIVERSDALE'S MOZAMBIQUE MINES
Bloomberg reported that, Tata Power Ltd., India’s biggest electricity generator outside state control, may buy coal from a mine in Mozambique ...
Thursday, 29 October 09
MMTC AWARDED 12.5 MILLION TONS TO THREE INDIAN TRADERS
COALspot.com (India): State-run trading firm MMTC awarded tenders for the import of 12.5 million tonnes of coal for NTPC to three Indian coal trader ...
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- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Parliament of New Zealand
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
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