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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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Thursday, 21 January 10
HANDYMAX - SHORT PERIOD OWNERS IDEAS ARE AROUND MID/LOW 20S - FEARNLEYS AS
HANDY
The BSI moved in a downward direction since last Friday reflecting minor a ...
Thursday, 21 January 10
ASF GROUP TO COMMENCE COAL SALES TO CHINA BY FEBRUARY 2010
Sydney-based China energy and resource conduit, ASF Group has struck an agreement to supply coal to China.
In September 2009, ASF announced a ven ...
Thursday, 21 January 10
INDONESIA BUKIT ASAM AGREES ON LOWER COAL PRICE
Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk has agreed with a local power plant to set 2010 coal prices at 23 percent lower than ...
Thursday, 21 January 10
CABOTAGE POLICY POSTPONED
The Transportation Ministry has decided to postpone for one year the full enforcement of the cabotage principle – a maritime term for the proh ...
Thursday, 21 January 10
MEC IN TALKS WITH TATA POWER ON COAL - TRADE
The UAE's Middle East Coal is in talks to supply coal to Tata Power, India's biggest private sector power firm, from its new Indonesian operations ...
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- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
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- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
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- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
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- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Planning Commission, India
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
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- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
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