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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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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 ...
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 ...
Monday, 08 March 10
CHINA SHIPPING TO CARRY MORE COAL FOR SHENHUA
Hellenic Shipping News reported that, China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaod ...
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- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Uttam Galva Steels Limited - India
- The University of Queensland
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Minerals Council of Australia
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
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