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Friday, 29 January 10
INDIA STEAM COAL IMPORTS TO DOUBLE, BOOST SOUTH AFRICA
.jpg) * SAfrica seen shipping 75 pct of its coal to Asia in 2010
* Logistics woes hamper SAfrica exports, India imports
India's steam coal imports are expected to double to 100 million tonnes in three to four years on the back of growing power demand, boosting South Africa's exports, industry players said on Thursday.
McCloskey, mjunction Services, CBB Energy and Emirates Trading Agency estimate the Asian country imported between 43 million and 55 million tonnes of steam coal last year.
South Africa shipped 17.7 million tonnes of its coal to India, the world's third largest consumer of the commodity, with Asia in total taking 25.1 million tonnes.
This year the Asian continent is expected to become South Africa's primary coal export destination, with some analysts estimating up to 75 percent of the country's product will go east.
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“India's steam coal imports are expected to double to 100 million tons in three to four years” - Industry players
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"People are saying that 75 percent will be going east rather than west this year and that sounds very feasible," David Price, a coal forecaster at McCloskey consultancy, told Reuters on the sidelines of a coal exports conference.
There are already enquiries from India and China for far more coal than is available for the first quarter, making a scramble among buyers and a hike in prices inevitable, producers said.
Buyers at the conference declined to comment on price prospects.
Indian buyers have been waiting since October for South African prices to fall back to $50.00, but prices rose steadily in November and surged in December and early January to around $90.00 a tonne FOB Richards Bay.
Alexandre Levy, a Geneva-based trader at CBB Energy, said 32 percent of coal imports to India came from South Africa and 63 percent came from Indonesia. That is bound to change, he said.
"Indonesia dominates but South African coal has gained market share," he said.
India is a price rather than quality-driven market. End-users have switched to South African from Indonesian coal to a large extent because the delivered cost of South African coal has offered a saving of several dollars per tonne.
Viresh Oberoi, a managing director at Tata Steel-linked mjunction, estimates South Africa will supply India with some 25 million tonnes of coal by 2012 to feed its power, steel and cement industries, a figure others called conservative.
China, the world's largest producer which became a net importer this year after domestic coal became more expensive than imports, may also turn to the
“Offshore trans-shipment is a viable alternative in India because it is cheaper and faster to implement, is re-locatable and environmentally friendly"
- Sanjeev Mathur, ETA Dubai
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South African product.
In 2009, the Asian giant imported 1.4 million tonnes of South Africa's coal and is seen hungry for much more.
NO ROLLING STOCK
South African exports have been curbed at 61 million tonnes in 2009 due to rail transport limitations, but are seen rising to 65 million this year. In the medium term, logistics group Transnet hopes to raise its capacity to 81 million tonnes.
A lack of infrastructure and capacity at India's ports could also hamper the delivery of imported coal, with an estimated 55 percent of coal imports to be handled by minor ports with low draft and poor cargo off-loading facilities.
"Port development costs are prohibitive and time consuming, and are also not environmentally friendly. (But) offshore trans-shipment is a viable alternative because it is cheaper and faster to implement, is re-locatable and environmentally friendly," said Sanjeev Mathur, a general manager for transhipment at Dubai-based Emirates Trading Agency.
Source: Reuters
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Wednesday, 27 January 10
PEABODY ENERGY EYES 'RED HOT' ASIAN COAL DEMAND
US miner Peabody Energy has seen already-strong Asian markets become “red hot”, as demand for metallurgical and thermal coal strains sup ...
Wednesday, 27 January 10
KOLKOTTA BASED POWER UTILITY CESC LOOKING FOR 100,000 MT OF COAL FOR MAY & JUNE DELIVERY
COALspot.com (India): Kolkotta based power utility CESC, the flagship company of the diversified RPG group of India, has issued a closed tender to b ...
Tuesday, 26 January 10
FREIGHT COST ERODES INDIA CEMENTS NET
"Freight cost increased from an average of around 14% of sales in the previous quarters to around 20% in the third quarter"
The Decembe ...
Tuesday, 26 January 10
VITOL BUYS EXPORT SPACE AT COLOMBIA SANTA MARTA PORT
Global energy trader Vitol has signed a four-year deal to take export capacity at Colombia's 3 million tonnes a year Carbonsan port in Santa Marta, ...
Tuesday, 26 January 10
AUSTRALIAN FIRM TO MINE COAL IN WEST BENGAL
India Resources Ltd (IRL), a mining firm listed on the Australian Stock Exchange, has decided to enter into contract mining of coal in
India ...
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- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Posco Energy - South Korea
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Ambuja Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
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