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Monday, 08 February 10
SOUTH AFRICAN EXPORT COAL RISES FOR FIRST TIME IN FOUR WEEKS
 Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, posted their first gain in four weeks on speculation that banks are more active in the market.
Export prices advanced $1.20, or 1.4 percent, to an average of $84.60 a metric ton in the week to Feb. 5, according to McCloskey Group Ltd. Prices rose last month to the highest since November 2008. The terminal is the biggest source for Europe of coal burned for power and is owned by South Africa’s largest exporters of the fuel, including BHP Billiton Ltd., Anglo American Plc and Xstrata Plc.
We saw “banks involved on both sides for the majority of the deals,” Mike Newman, an analyst at Petersfield, England- based researcher McCloskey, said by phone today. They may be hedging coal derivatives and “it remains to be seen whether or not the trades were genuine demand,” he said.
| “South African coal export prices advanced $1.20, or 1.4 percent, to an average of $84.60 a metric ton in the week to Feb. 5” - McCloskey Group Ltd |
Coal exports from Richards Bay fell last month to the lowest since September. Outbound shipments were 4.87 million tons, the least since September’s 4.16 million tons, according to data posted on the terminal’s Web site today. The terminal exported 4.12 million tons in January 2009 and 5.55 million tons in December of that year.
At January’s shipment rate, the terminal will export 58 million tons of coal this year. The terminal is scheduled to boost its annual export capacity to 91 million tons by the end of this year’s first quarter. Shipments came to 61.14 million tons last year.
Coal Derivatives
Benchmark European coal derivatives fell 13 percent in the four weeks to Feb. 5. Coal for delivery to Amsterdam, Rotterdam or Antwerp with settlement next year fell to $90.25 a ton, according to trades and indicative prices. The data are drawn from information supplied by ICAP Plc, GFI Group Inc., Spectron Group Ltd., Credit Suisse Group AG, McCloskey Group Ltd., Bloomberg and Tradition Financial Services.
Coal prices at the Australian port of Newcastle, a benchmark for Asia, fell 6.8 percent. The index for coal prices at the New South Wales port shed $6.70 to $91.83 a ton in the week to Feb. 5, according to the globalCOAL NEWC Index.
Coal prices at Qinhuangdao, a benchmark in China, fell the most in more than a year as winter demand continued to ease. Prices for coal with an energy value of 5,500 kilocalories per kilogram dropped to between 760 and 770 yuan ($112.79) a ton as of today, down for the second consecutive week, data from the China Coal Transport & Distribution Association showed. That’s a weekly decline of 3.8 percent, the most since December 2008, when prices slumped 10 percent.
Source: Bloomberg
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Tuesday, 19 January 10
COAL FOR DOMESTIC USERS
While the government is already almost a year behind schedule in issuing regulations to implement the new mining law, mineral producers have been&nb ...
Tuesday, 19 January 10
RISING DEMAND FROM POWER FIRMS TO PUSH COAL PRICES
The resurgence of the Chinese economy, along with harsh winter conditions across the country, is likely to push coal prices up in the short term. In ...
Tuesday, 19 January 10
ESSAR'S MEGA ACQUISITION PLANS
India’s Essar Group has carved a mega plan that includes a slew of acquisitions and investments in assets across various businesses. CNBC-TV18 ...
Monday, 18 January 10
INDONESIA SHIPPED 15.90 PERCENT OF TOTAL COAL EXPORTS IN 2009 TO INDIA
COALspot.com (Indonesia): Indonesia, the world largest coal exporter, exported 19.07 percent of the total coal export in 2009 to China and 15. ...
Monday, 18 January 10
BHP TO SPEND $267 MILLION ON QUEENSLAND COKING COAL
BHP Billiton Ltd, the world’s largest mining company, will spend $267 million to accelerate development of the Caval Ridge mine and the Hay Po ...
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- Gujarat Electricity Regulatory Commission - India
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- Sarangani Energy Corporation, Philippines
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- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
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- Port Waratah Coal Services - Australia
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- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
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- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
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- Toyota Tsusho Corporation, Japan
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- Parliament of New Zealand
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- Minerals Council of Australia
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- Indian Oil Corporation Limited
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- Global Coal Blending Company Limited - Australia
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- TNB Fuel Sdn Bhd - Malaysia
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- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
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- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Planning Commission, India
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- Mercuria Energy - Indonesia
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- Sical Logistics Limited - India
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- The Treasury - Australian Government
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- Semirara Mining and Power Corporation, Philippines
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- Australian Commodity Traders Exchange
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- Eastern Coal Council - USA
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- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
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- New Zealand Coal & Carbon
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- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
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- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
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- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
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- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
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- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Bhatia International Limited - India
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- GMR Energy Limited - India
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- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
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- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
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- Goldman Sachs - Singapore
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- Metalloyd Limited - United Kingdom
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- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
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- Alfred C Toepfer International GmbH - Germany
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- Kobexindo Tractors - Indoneisa
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