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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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Wednesday, 17 February 10
JORONG COULD COST BANPU 5%
Banpu Plc, Asean's biggest coal miner, forecasts a 5% drop in revenue if its suspended coal mine in Indonesia is closed for one year, says presiden ...
Wednesday, 17 February 10
RUSSIA KRU JAN COAL EXPORTS DOWN 4 PCT
Kuzbassrazrezugol, Russia's second largest steam coal producer, exported 1.859 million tonnes of coal last month, down 80,000 tonnes or 4 percent f ...
Wednesday, 17 February 10
VEDANTA SET FOR PORTS ENTRY WITH VIZAG TENDER
Vedanta, along with Leighton Contractors India, quoted a revenue share of 38.1% to win the 30-year contract
Mining and metals conglomerate Vedant ...
Tuesday, 16 February 10
TRENDS DRY BULK MARKET ... TRENDS - BRS
The start of the Chinese New Year had an immediate impact on rates and for once all the dry bulk segments lost similar ground.
The BDI fell 5%, a ...
Tuesday, 16 February 10
LAW POSES THREAT TO INDONESIA'S COAL INDUSTRY
A zoning law could cost coal miners billions of dollars this year alone, hurt investment in the industry and disrupt the supply of the fuel to the c ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- PTC India Limited - India
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- White Energy Company Limited
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
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