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Thursday, 04 March 10
THREE NEW GLOBAL PRICES INDEXES FOR COKING COAL
Commodity Online reported that, On February 26, Energy Publishing Co. broke new ground in the coal-marketing industry when it began publishing three price indexes for coking coal. Coking coal is the fastest growing and most volatile segment of the worldwide coal industry and the indexes are the first of their kind.
"After months of discussions with coal producers, traders and buyers, we have put together a suite of price indexes for coking coal," said Forrest Hill, president of Energy Publishing. "Indexes have been used to price steam coal contracts and short-term sales and derivatives for about 10 years, but coking coal has, in the past, proved resistant to indexing."
Energy Publishing's three indexes are:
-CCQ , based on premium hard coking coal shipped from Queensland, Australia.
-CCH-LOW, based on premium low volatile coking coal shipped from United States' east coast.
-CCH-HIGH, a Type "A" high volatile coking coal, also shipped from the U.S. east coast.
"The difficulty in developing a coking coal index has been the variability of coking coal and the view that value of a given coal varies depending on where it is being used," Hill said.
Two factors have now made an index practical.
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“The difficulty in developing a coking coal index has been the variability of coking coal and the view that value of a given coal varies depending on where it is being used” - Forrest Hill
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Foremost is the interest in short-term pricing by BHP Billiton and several other large producers of coking coal. BHP Billiton has been pushing hard to convert all of its sales to short-term pricing, and the world of coal is rapidly moving in that direction. The second factor is the progress made by Energy Publishing in developing a set of specifications that define three coals generally agreed to be at the top of the market.
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Energy Publishing has unique access to data on mine-by-mine quality measures and historical prices that have made the development of a realistic and usable index a reality. Building the index was done in conjunction with Doyle Trading Consultants of New York, which helped develop the methodology.
"The negotiations now going on between the Australians and their major customers in Japan are expected to result in a significant portion of the total tonnage moving from annual to quarterly pricing," Hill said. "And, many expect prices to move to even shorter terms in the near future. Short term pricing will be difficult to administer without a reliable coking coal price index, so the publication of the new indexes comes at a critical juncture for coal markets." (PRNewswire)
Source: Commodity Online
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Tuesday, 09 March 10
MINING LAW OPTIMIZES SECTOR
Law No. 4 / 2009 on Mineral and Coal Mining have given a new direction for the future of mining in Indonesia, including Domestic Market Obligation, ...
Tuesday, 09 March 10
STRONG REBOUND IN ALL THE DRY BULK SEGMENTS THIS WEEK
There was a strong rebound in all the dry bulk segments this week, leading to an 18% jump in the Baltic Dry Index.
The Cape and Panamax markets s ...
Tuesday, 09 March 10
L&T POWER EYEING COAL MINES IN AUS, INDONESIA
L&T Power Development Company, a part of the Larsen & Tubro Group, plans to acquire coal mines in Australia and Indonesia, a top company off ...
Tuesday, 09 March 10
BHP AGREES SHORTER-TERM COAL DEALS WITH EUROPEAN, ASIAN CUSTOMERS
Diversified miner BHP Billiton on Monday reported that it had reached sales terms for a significant portion of its hard coking coal volumes for 2010 ...
Monday, 08 March 10
KPCL TO IMPORT 0.9 MILLION TON OF 6000 GCV COAL
COALspot.com: India's Karnataka Power Corporation Ltd is seeking to import 0.9 million metric tons of 6000 kcal/kg (adb) Gross Calorific Value stea ...
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Showing 5951 to 5955 news of total 6871 |
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- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- The University of Queensland
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
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