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Wednesday, 06 January 10
INDIA MAY HAVE BECOME TOP BUYER OF SOUTH AFRICAN COAL
 India may have overtaken Europe for the first time as the biggest purchaser of South African coal in 2009, according to Raymond Chirwa, Richards Bay Coal Terminal’s chief executive officer.
Shipment levels to India and Europe in the year’s first 10 months were similar, while the final two months are being calculated, Chirwa said in a phone interview today. “It would be a big shift” if India were the largest buyer, he said.
Richards Bay, on South Africa’s northeastern coast, handles almost all of the nation’s outbound coal shipments and is owned by Anglo American Plc and its other leading exporters of the fuel. While the port is the biggest source of coal for European power plants, Asian buyers have been increasing purchases, including lower-quality fuel.
“You have strong growth in India and weakness, if not contraction, in terms of growth in Europe,” Daniel Brebner, an analyst at Deutsche Bank AG in London, said in an interview. “It isn’t surprising that you are seeing this evolution of exports by the South Africans into near Asia.”
Indian Imports
India’s power ministry has advised local generators to import 28.7 million metric tons of coal for the year ending in March to meet a shortfall, Coal Minister Sriprakash Jaiswal told parliament in writing on Dec. 7. Coal India Ltd., the country’s biggest producer, may acquire mines in the U.S., Australia and other nations to bridge the domestic shortage, Jaiswal said in a written reply to lawmakers on Nov. 23.
Overall exports from Richards Bay fell for a fifth straight year in 2009 as rail services deteriorated, sliding to 61.14 million tons from 61.7 million tons in the prior year. Chirwa gave no breakdown for coal shipments by destination.
State-owned Transnet Freight Rail delivered 61 million tons in the year, less than the terminal’s 76 million-ton capacity, Richards Bay said in an e-mailed statement.
“We still see that there is the biggest impact coming through from rail services,” Chirwa said, adding that talks are under way with Transnet Freight Rail.
Spokesman John Dludlu at Transnet Ltd., the parent company of Transnet Freight Rail, declined to comment.
91 Million Tons
The terminal, founded as a 12 million-ton facility in 1976, aims to raise annual capacity to 91 million tons in the second quarter, making it the world’s biggest coal-export port, according to the statement.
Exxaro Resources Ltd. and other black-owned mining companies are expected to join Anglo and other users of the facility this month as part of an accord related to expansion at the terminal, Richards Bay said.
Prices for coal shipped from the terminal reached the highest in almost a year in the three days to Dec. 31, rising 4.8 percent to an average of $81.20 a ton, according to Petersfield, England-based researcher McCloskey Group Ltd. It was a seventh consecutive weekly gain, driven by coal demand from China, the world’s biggest consumer of the fuel.
“It’s a knock-on effect,” Mike Newman, an analyst at McCloskey, said by phone yesterday. “Chinese prices rise, which makes Australian coal more expensive, and Australian prices are dragging up Richards Bay prices because they are going into the same market, which is India and China.”
China’s northern Shanxi province closed power stations with more than 4,000 megawatts of capacity yesterday because weather- related disruptions cut coal deliveries, the official China National Radio reported today. The country’s coal imports rose in June to the highest for customs figures on Bloomberg going back to December 2004.
Source:Business Week
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Saturday, 09 January 10
THE FAR EAST MARKET STARTED TO STABILIZE - FEARNLEYS
Handy
The FEAST market started to stabilize after the quite holidays and we saw growing activity fed by Chinese coal and iron ore imports and Indi ...
Saturday, 09 January 10
IMPORTED, LOCAL COAL TO BE MIXED IN POWER DRIVE
The government is likely to create a pool price of coal, wherein imported coal and Indian coal could be mixed, making the imported coal becomes more ...
Friday, 08 January 10
SA COAL PRICES TO SPIKE ON RESUMED INDIA BUYING
South African coal prices are set for another price surge to over $100 a ton FOB as Indian and Chinese buyers compete for limited prompt supply, pro ...
Friday, 08 January 10
COLOMBIAN COAL STARTS TO MOVE TO CHINA - TRADERS
* Producer sells cape cargo Colombian coal to China
* Firm bids in freight market
* More shipments expected
Colombian coal is starting to move ...
Thursday, 07 January 10
PT. BUKIT ASAM TO BUILD NEW COAL LOADING TERMINAL AND COAL LOADER
COALspot.com (Indonesia): PT Bukit Asam (Persero) Tbk, Indonesia’s state owned coal mining company, is planning to build an additi ...
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- Kapuas Tunggal Persada - Indonesia
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- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
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- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- New Zealand Coal & Carbon
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- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
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- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Australian Coal Association
- Wilmar Investment Holdings
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
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- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Agrawal Coal Company - India
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
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- Jaiprakash Power Ventures ltd
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