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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, producers and traders said.
Indian buyers have been waiting since October for South African prices to fall back to $50,00 and many are yet to buy substantial tonnages which they have committed to end-users for Q1 delivery, traders and producers said.
Contrary to Indian traders' expectations, South African prices rose steadily during November and surged in December and again in early January to around $90,00 a ton FOB Richards Bay.
"The Indians have totally missed the boat. We have nothing left for Q1 and not much for Q2 and we're not alone. We've done business into China already and have enquiries for one-million tons from one Chinese utility alone," one major South African producer said.
"India needs at least 1-1,5 million tons a month from South Africa and if you assume cautiously that they only need to buy half of that during Q1, they will struggle to find it from anywhere in the market," he added.
India took over 30% of South Africa's 62-million tons of exports in 2009 and needs a similar tonnage in 2010.
"We've definitely noticed a rush in calls from desperate-sounding Indian trading companies looking for February and March coal," one broker said.
"Some of them are starting to realise that the market is genuinely tight and prices are not going to go down. They need to make some decisions very quickly if they want South African coal," he said. To read more Mining Weekly / Reuters
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Monday, 04 January 10
TOKYO ELECTRIC SEALS XSTRATA COAL DEAL
Tokyo Electric Power Co has agreed to pay about $US85 a tonne for Australian thermal coal in 2010 from miner Xstrata, a source familiar with the pri ...
Monday, 04 January 10
IND-BARATH TO SHIFT PROJECT FROM AP TO TN
Hyderabad-based power producer Ind–Barath is planning to set up a power plant at Tuticorin, Tamil Nadu. The proposed project would attract inv ...
Sunday, 03 January 10
NEWCASTLE THERMAL COAL PRICES FALL IN FIRST DECLINE IN 3 WEEKS
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 1.5 percent, falling for the first time in three weeks ...
Sunday, 03 January 10
NTPC SEEKS REPORT ON TRANSPORTING COAL THROUGH WATERWAYS
State-run National Thermal Power Corporation (NTPC), the country’s largest power utility, has asked for a “holistic” feasibility r ...
Sunday, 03 January 10
BHP TO STAY IN MARUWAI AND TO KEEP 75 PERCENT OF THE STAKE
Despite recent statements that it would pull out completely from Indonesia, the world's largest mining company BHP Billiton has now admitted that i ...
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- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
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