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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, 13 January 10
ADHUNIK GROUP TO BUY 50 PCT IN AUSTRALIA MINE
The Adhunik group of Industries is in talks to acquire 50 percent in an Australian coking coal mine for $100 million, the Economic Times reported on ...
Wednesday, 13 January 10
COAL MARKETS 2010 CONFERENCE - SINGAPORE, 28 - 29 JANUARY 2010
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Wednesday, 13 January 10
IRON ORE PRICE TIPPED TO RISE 40PC, SAYS ANZ
THE price battle in the controversial iron ore negotiations is expected to intensify.
ANZ senior commodities analyst Mark Pervan has increased h ...
Wednesday, 13 January 10
KANGAROO RESOURCES KICKS OFF INDONESIAN COAL PRODUCTION
Coal-focused company Kangaroo Resources has formally joined the ranks of international coal operators after wrapping up the delivery and sale o ...
Wednesday, 13 January 10
CONSOL SELLS FIRST COAL TO CHINA
Coal and natural gas company CONSOL Energy Inc.made its first sale of high-volume coking coal to Asia from its Bailey Mine in Northern Appalachia. T ...
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- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Economic Council, Georgia
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Deloitte Consulting - India
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Australian Coal Association
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