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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, with customers in Europe, China, India and Japan.
The world’s number-one coking coal miner said that the deals were based on a “structural change” to shorter-term market-based pricing for the contract period.
The settlements reflected the company’s commitment to achieving market-clearing prices over time, across all its bulk commodities, said BHP Billiton, led by CEO Marius Kloppers.
The diversified mining company did not disclose the terms of the agreements with the European and Asian clients.
However, on Friday, newswire Reuters quoted Japanese steelmaker JFE Holdings as saying that it had agreed a coking coal price of $200/t for April to June.
The price for the three-month contract period represented a 55% increase from the benchmark price for the 2009/10 financial year of $129/t, Reuters reported.
BHP Billiton primarily produces and markets high-quality hard coking coals for the international steel industry. In addition, it supplies a wide range of other coal qualities to satisfy specific customer requirements.
The company’s metallurgical coal assets are located in areas with seaborne access to key steel producing regions. The group has access to dedicated deep-water ports allowing the use of large capacity vessels to further build on regional logistic advantages.
Source: Mining Weekly By: Esmarie Swanepoel Edited by: Mariaan Webb
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Thursday, 03 June 10
INDO GOVERNMENT TRIES TO CALM BUSINESSES FEARS OVER FOREST - CLEARING MORATORIUM
The Jakarta Globe reported that, as producers of coal and palm oil continued to howl, the government on Tuesday offered reassurances that the develo ...
Thursday, 03 June 10
GOVT CONSIDERING IMPORT PARITY PRICE FOR DOMESTIC COAL
The government on June 1 said it is considering to price domestic coal on par with global rates, a move which may increase the cost of the raw mater ...
Wednesday, 02 June 10
SRI LANKA TESTS 1ST COAL POWER PLANT IN SEPT.
Sri Lanka will start testing its first 300 MegaWatt coal power plant in September with plans to connect it to the national distribution grid by Janu ...
Wednesday, 02 June 10
CHINA'S IRON ORE IMPORTS TO KEEP BEING THE BIGGEST FACTOR FOR DRY BULK FREIGHT RATES SAY READERS
With dry bulk freight rates staging a positive rally during most of May, the industry’s main benchmark, the Baltic Dry Index (BDI) has managed ...
Wednesday, 02 June 10
KIDECO TO PRODUCE 29.5 MILLION TONS OF COAL IN 2010
COALspot.com: Kideco to produce 29.5 million tons of coal in 2010 up 4.8 million or about 19 percent up from 2009 production. Kideco produced 24.7 m ...
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- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Ministry of Mines - Canada
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Georgia Ports Authority, United States
- Australian Coal Association
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Minerals Council of Australia
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Parliament of New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Planning Commission, India
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
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