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Monday, 20 April 09
NIPPON STEEL SEMI-SOFT COAL PRICE SAID TO DROP 67% - BLOOMBERG
Nippon Steel Corp., Japan’s largest mill, will pay up to 67 percent less for semi-soft coking coal this fiscal year, two industry executives with knowledge of the deal, said.
The mill will pay $80 a metric ton to $85 a ton for the coal for the year started April 1, down from $240 a ton a year earlier, said the executives, who declined to be identified as the agreement is confidential. The deal for the Australian coal was reached with Xstrata Plc, the executives said today.
Steelmakers in Asia and Europe are slashing production as a global economic slowdown curbs demand from builders and carmakers. Japan’s steel output dropped by a record 44 percent in February from a year earlier to the lowest in four decades. Nippon Steel last month also won a 57 percent price cut for hard coking coal for this fiscal year and a 63 percent drop for pulverized coking coal, according to industry executives.
“The price cuts for all the varieties of coking coal will have roughly a 10,000 yen ($100) a ton cost benefit per one ton of steel products,” UBS AG analyst Atsushi Yamaguchi said.
Nippon Steel had sought a return to the 2007 price level of $65 a ton for semi-soft coking coal.
Hiroshi Nakashima, a spokesman at Tokyo-based Nippon Steel, said he couldn’t comment on raw material prices. James Rickards, spokesman for Zug, Switzerland-based Xstrata’s Australian coal unit, said the company didn’t comment on price negotiations.
Source:http://www.bloomberg.com/apps/news?pid=20601081&sid=adQ6W_HJzLYQ&refer=australia
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Monday, 06 April 09
RICHARDS BAY COAL TERMINAL EXPORTS ROSE 5 PERCENT IN MARCH - BLOOMBERG
South Africa’s Richards Bay Coal Terminal, the world’s largest coal-export facility, shipped 5 percent more coal in March than the same ...
Monday, 06 April 09
INDIA'S OSWAL CHEM EYES INDONESIAN COAL MINES -ECONOMICTIMES
Oswal Chemicals and Fertilisers (OCFL), part of Abhay Oswal-led Oswal group, has initiated talks with three separate Indonesian coal firms to ...
Thursday, 02 April 09
FOREIGNERS ALSO CHEER FOR INDONESIA'S THE NEW MINING LAW - MAJALA TAMBANG
Three mining giants, Australia's Rio Tinto along with Canada's Barrick Gold and Southern Arc, are among foreign corporations currently applying fo ...
Wednesday, 01 April 09
INDONESIAN GOVERNMENT REVISES MINING REVENUE TARGET DOWN 26% - THE JAKARTA POST
Government income from mining this year, excluding taxes, is expected to drop by about 26 percent to Rp 11 trillion ($957 million), primarily becaus ...
Wednesday, 01 April 09
INDONESIAN OFFICIAL CLAIMS NEW LEGISLATION IS VINDICATED AS OVERSEAS FIRMS LINE UP FOR MINING LICENSES - THE JAKARTA GLOBE
The Energy and Mineral Resources Ministry is expected to issue six mining licenses under the country’s new mining law over the next two months ...
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- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Planning Commission, India
- CNBM International Corporation - China
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
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