30 August 2024

• Seaborne coal prices range-bound • India's overall coal stock at 121.57 mt on August 25
• Panamax freight rates slightly up • Coal stock at power plants up 30% in August
• Seaborne pet coke prices flat • Coal based power generation up 8% in July: CEA
• Sponge iron offers fall in August • CIL despatches 34.14 mt coal via rail mode in July

• MoC identifies 38 priority rail projects under coal

• India’s coal & coke imports up 10% in July
logistics plan
m-o-m
• Import of steam coal via Magdalla down • CIL inks deal with IIT(ISM) Dhanbad, TEXMiN for
18% in June innovation on mining
• Import of PCI coal via Magdalla up 8% in • IREDA secures international credit rating, eyes to
June enhance global presence
• Import of met coke via Magdalla down • Kolkata Port launches Bengal Middle East Express, sets
28% in June sail for global trade

• US coal production marginally • Haryana Power Generation Corporation floats tender for 5.86 lt
up w-o-w of imported coal
• BHP Mitsubishi Alliance expects • Pranabnaman Minerals wins NTPC tender for coal transportation
around 38 mt coking coal
• Indonesian company wins TNPL tender for imported coal
production in FY25
• TNPL floats tender for procurement of 180,000 tons imported
• New South Wales' thermal coal
coal
production expected at 15 mt
in FY25 • APGENCO floats tender for coal transportation
s
 PRICES

Seaborne coal prices range-bound

India Coal Market Watch

August 30: Seaborne thermal and coking coal prices moved within a narrow range in the
international markets on August 29, amid weak demand and high inventory, market sources said.

Following are the indicative prices of coal and coke in various markets on August 29:

Price/ton (in $ and FOB)

6-month
Descrip As on, As on, Week ago, ago, Year ago,
tion of Specific August 29, August 28, August 22, February August 30,
Coal ation 2024 2024 2024 29, 2024 2023
South
African 6000
Steam Kcal/kg
Coal NAR, FOB 112.00 112.00 113.00 97.00 118.00
South
African 5500
Steam Kcal/kg
Coal NAR, FOB 92.00 92.00 94.00 85.00 96.00
South
African 4800
Steam Kcal/kg
Coal NAR, FOB 70.00 70.00 72.00 68.00 83.00
Australi 6300
an Kcal/kg
Steam GAR,
Coal FOB 140.00 141.00 141.00 127.00 154.00
Indonesi 5900
an Kcal/kg
Steam GAR,
Coal FOB 92.50 92.50 92.50 95.00 87.50
Indonesi 5000
an Kcal/kg
Steam GAR,
Coal FOB 71.50 71.50 72.00 79.50 70.00
Indonesi 4200
an Kcal/kg
Steam GAR,
Coal FOB 51.00 51.00 51.50 57.00 50.50
Indonesi 3800
an Kcal/kg
Steam GAR,
Coal FOB 41.50 41.50 42.00 49.00 41.00
Hard VM-
Coking 20.7%,
Coal Ash-
(Australi 10.5%,
an) FOB 196.00 196.00 204.00 314.00 265.00
VM-
21.5%,
Premiu Ash-
m Low 9.3%,
Vol FOB 195.00 195.00 203.00 313.00 264.00
 VM-
25.5%,
Ash-
9.0%
Mid Vol FOB 172.00 172.00 181.00 259.00 228.00
Met CSR 62,
Coke CFR India 261.00 261.00 262.00 354.00 329.00
Met
coke
(CSR (CSR 64)
64) FOB FOB
Tianjin Tianjin 250.00 250.00 251.00 315.00 316.00
Low vol
PCI PCI, FOB 168.00 166.00 174.00 165.00 159.00

Source: Traders, ICMW database

Panamax freight rates slightly up

India Coal Market Watch

August 30: Ocean freight rates for Panamax vessels were marginally up for select routes on August
29, amid expectation of a recovery in demand, trading sources said.

Following are the indicative ocean freight rates for Panamax vessels on August 29:

(in $/ton)
As on As on Week ago, 6-month ago, Year ago,
August 29, August 28, August 22, February 29, August 30,
Destination 2024 2024 2024 2024 2023
South Africa
(RBCT) to
India (West
Coast) 15.10 15.00 15.85 19.20 18.70
South Africa
(RBCT) to
India (East
Coast) 15.40 15.30 16.05 19.50 19.00
Indonesia
(Kalimantan)
to India (West
Coast) 10.80 10.80 10.95 12.85 9.75
Indonesia
(Kalimantan)
to India (East
Coast) 10.00 10.00 10.00 11.60 9.10
Australia to
India 15.80 15.70 15.90 17.50 15.25

Source: Traders, ICMW database

Seaborne pet coke prices flat

India Coal Market Watch

August 30: Seaborne pet coke prices were flat during the week ending August 24, 2024, US-
origin pet coke (CFR India), Venezuela-origin (CFR India) and Saudi-origin (CFR India) prices were
at the same level as the week before, according to information available with ICMW.

During the week prices declined due to poor demand from cement sector coupled by decline in
thermal coal prices and ample stock at user end.

During the week, USA-origin (CFR India) stood at $ 107 per ton, Venezuela-origin (CFR India) prices
both stood at $ 104 per ton, and Saudi-origin (CFR India) stood at $ 106 per ton.

A week ago, USA-origin (CFR India) stood at $ 107 per ton, Venezuela-origin (CFR India) prices both
stood at $ 104 per ton, and Saudi-origin (CFR India) stood at $ 106 per ton.

On a month-on-month (m-o-m) basis, during the week ending August 24, 2024,
USGC pet coke price was down by $ 2 per ton as compared to $109 per ton (CFR India) during the
week ending July 24, 2024, Venezuela price (CFR India) down by $ 3 per ton as against $107 per
ton during July 24, 2024 week, Saudi pet coke price declined by $ 2 per ton as against $108 per ton
(CFR India) in the month-ago week.

Seaborne Pet Coke Prices (CFR-INDIA)

in $ per ton
112
110
108
106
104
102
100
98

US Origin 6.5% TS VZ origin 5% TS Saudi Origin 8.5% TS

Sponge iron offers fall in August

India Coal Market Watch

August 30: Sponge iron offers in India fell in major markets because of weakening semi-finished and
finished steel prices.

Demand remained soft amid limited trading.

According to Steel Insights estimates, Indian sponge iron prices fell in the range of Rs300-1200/ton
in the markets of Durgapur, Raigarh, Raipur and Rourkela.

Portside South African RB2 stood at Rs 9,600/ton at Gangavaram port.

Sponge iron prices in various markets (Rs/ton):

(Base prices, exclusive of taxes)

Price Price Price Price Price

Rs./Ton Rs./Ton Rs./Ton Rs./Ton Rs./Ton
PRODUCT MARKET as on as on as on as on as on

26-Aug- 23-Aug- 16-Aug- 29-Jul- 23-Feb-

2024 2024 2024 2024 2024

SPONGE IRON 70%

26,600 27,200 27,000 27,300 26,200
lump FE M 78% DURGAPUR

SPONGE IRON 50%

25,700 26,100 25,700 26,900 27,300
lump FE M 80% RAIGARH

SPONGE IRON DRCLO

28,900 29,300 28,500 29,400 30,200
FE M 82% RAIPUR

SPONGE IRON 70%

25,800 25,900 25,800 26,100 26,500
lump FE M 80% ROURKELA

Source: Compilation from various sources & ISMW data]

 DEMAND/SUPPLY

India's overall coal stock at 121.57 mt on August 25

India Coal Market Watch

August 30: India’s overall coal stock position, including pitheads at mines, thermal power plants,
and in transit as on August 25, 2024 rose by 36.2 percent over the same month of last year,
according to an official release.

As on August 25, 2024, the country’s overall coal stock stood at 121.57 million tons (mt) as
compared to around 89.28 mt as on the name day of last year.

Additionally, coal stock at TPPs (DCB) as of August 25, 2024, stands at 37.55 mt, compared to
29.47 mt last year, indicating a significant growth of about 27.41 percent.

Coal stock at power plants up 30% in August

India Coal Market Watch

August 30: Coal stock at the thermal power plants (TPPs) in India stood at 40.012 million tons (mt)
as of August 28, 2024, up by 30.4 percent on a year-on-year (y-o-y) basis, according to data
released by the Central Electricity Authority (CEA).

Coal stock as on August 28, 2023 stood at 30.687 mt.

On a month-on-month (m-o-m) basis, the stocks of coal at the 182 TPPs as on August 28, 2024,
was down by 13.7 percent from 46.353 mt as on July 28, 2024.

Of the total stocks at the TPPs as on August 28, 2024, domestic coal stocks stood at 35.537 mt, up
by 28.07 percent from 27.746 mt as on August 28, 2023, on a y-o-y basis. On a m-o-m
basis, stocks as on August 28, 2024 was down by around 15.8 percent as compared to 42.217 mt as
on July 28, 2024.

The stocks of imported coal at the TPPs were up by 52 percent at 4.474 mt as on August 28, 2024
as against 2.941 mt as on August 28, 2023. On a m-o-m basis, stocks of imported coal as on August
28, 2024 was up by 8.2 percent as compared to 4.136 mt as on July 28, 2024.

As on August 28, 2024 total number of plants with critical stock position stood at 25. Of the total
plants based on domestic coal stood at 16, plants designed on imported coal was at 5, plants
currently not in operation was at 0 and plants based on washery rejects stood at 4.

Further, in August 28, 2024, actual coal stock was 70 percent of the normative stock requirement of
56.583 mt.

Following table shows coal stocks position at power plants on various months:

Aug 28 July 28 Aug 28

Date
2024 2024 2023
Stock (in mt) 40.012 46.353 30.687
Imported (in mt) 4.474 4.136 2.941
Domestic (in mt) 35.537 42.217 27.746
% of actual stock vis-à-vis Normative
70 77 56
Stock
Plants having critical stock 25 25 41
Coal based power generation up 8% in July: CEA

India Coal Market Watch

August 30: India’s coal-based power generation in July 2024 stood at 105,836.02 million units (MU),
up by 7.8 percent as compared to 98,139.08 MU during the year-ago month, according to data by
the Central Electricity Authority (CEA).

Coal based power generation in July 2024 was lower than the set target of 109,126.00 MU.

On a month-on-month basis, coal-based generation in July 2024 was down by 6.6 percent as
compared to 113,292.29 MU in June 2024.

During April-July 2024, the country’s coal-based generation stood at 455,467.42 MU, up by 10.2
percent as against 413,449.55 MU in the year-ago period. The coal-based generation target for
April-July 2024 stood at 468,198 MU.

Earlier, coal-based generation during FY24 1,325,774.94 MU, up by 9.9 percent as compared to
1,206,028.14 MU during the previous fiscal (FY23). Coal based power generation during FY24
exceeded the set target of 1,324,110 MU.

CIL despatches 34.14 mt coal via rail mode in July

India Coal Market Watch

August 30: Coal India (CIL) has despatched 34.14 million tons (mt) of coal via the rail mode in July
2024, according to provisional data released by the Ministry of Coal (MoC).

In July 2024, CIL despatched around 56.6 percent of its total offtake of 60.33 mt via the Railways.
During the month, Mahanadi Coalfields achieved the highest offtake via rail mode at 11.23 mt,
followed by South Eastern Coalfields (SECL) at 5.38 mt.

Coal despatched by CIL via rail mode rose by 13.61 percent in July 2024 as compared to 30.05 mt
in the corresponding month of the previous year.

Of the total offtake in July 2024, CIL despatched 17.18 mt via the road mode and 8.17 mt via
merry-go-round (MGR) mode.

During the month, road transport of coal by CIL was down by 43 percent as compared to 20.07 mt
in June 2023.
 IMPORT/EXPORT

India’s coal & coke imports up 10% in July m-o-m

India Coal Market Watch

August 30: India’s coal and coke imports in July 2024 through the major and non-major
ports increased by 9.84 percent over June 2024, according to data compiled by ICMW.

Imports in July 2024 stood around 25.23 million tons (mt) as against 22.97 mt imported in June
2024, the data show.

Coal imports in July 2024 were up by 40.56 percent as against July 2023 when imports stood at
17.95 mt.

Of the total imports in July 2024, non-coking coal imports stood at 16.52 mt, against 10.16 mt
imported in July last year. Coking coal imports stood at 4.81 mt, against 5.03 mt imported in July
2023.

Metallurgical coke import during the month stood at 0.48 mt, against 0.18 mt imported during the
same period a year ago. Petroleum coke import was at 1.65 mt in July 2024, against 0.90 mt
imported in the same month a year ago.

PCI coal imports were at 1.55 mt in July this year, while the figure was at 1.53 mt in July last
year. Anthracite coal imports were recorded at 0.22 mt in July 2024 as compared to 0.14 mt in the
same month last year.

During April-July 2024, total coal and coke imports stood at 100.48 mt, around 12.76 percent higher
than 89.11 mt imported during April-July 2023.

During April-July 2024, non-coking coal imports were at 65.64 mt, higher than 56.69 mt imported in
the same period last year.

Coking coal imports were at 20.26 mt in April-July 2024 up against 20.24 mt recorded in April-July
2023.

Metallurgical coke imports during the period stood at 1.78 mt, higher than 1.24 mt during the same
period of 2023. Petroleum coke imports recorded at 5.38 mt during April-July 2024 as compared to
4.12 mt imported during the same period a year ago.

PCI coal imports were at 6.70 mt in April-July 2024, up from 5.90 mt imported in the corresponding
period of 2023.

During April-July 2024, anthracite coal imports were recorded at 0.72 mt as against 0.91 mt
imported during the corresponding period of 2023.

India's coal & coke import (in mt.)

Coal Type Jul/24 Jun/24 Jul/23 Apr - July-24 Apr - July-23
Non Coking Coal 16.52 14.19 10.16 65.64 56.69
Coking Coal 4.81 5.45 5.03 20.26 20.24
Anthracite Coal 0.22 0.32 0.14 0.72 0.91
PCI Coal 1.55 1.54 1.53 6.70 5.90
Met Coke 0.48 0.42 0.18 1.78 1.24
Pet Coke 1.65 1.04 0.90 5.38 4.12
Total 25.23 22.97 17.95 100.48 89.11
Import of steam coal via Magdalla down 18% in June

India Coal Market Watch

August 30: Import of steam coal through the port of Magdalla stood at 373,518 tons in June 2024, a
decrease of 17.9 percent as against 455,068 tons in the corresponding month last year, according to
provisional data available with ICMW.

On a month-on-month basis, import of steam coal via the port was down by 53.2 percent in June
2024 as against 798,113 tons in May 2024.

Import of steam coal through the port of Magdalla stood at 2,386,151 tons during April-June 2024, a
decrease of 8.2 percent as against 2,599,059 tons imported during the same period last year.

Following are the details of steam coal import via Magdalla Port in 2024-25 and 2023-24:

Non Coking coal import, Magdalla

Qty (in ton)
Month
2024-25 2023-24
April 1,214,520 1,062,133
May 798,113 1,081,858
June 373,518 455,068
July 357,853
August 237,939
September 1,024,278
October 920,253
November 924,590
December 674,369
January 612,956
February 573,743
March 744,852
April - Jun Total 2,386,151 2,599,059

Following are details of imports of non-coking coal via Magdalla Port in June 2024:

Non coking coal import, Magdalla

Unit Price Unit
Country Quantity (in
Date Item Description (in Price (in
Of Origin Tons)
Rs/Ton) $/Ton)

Steaming Non-Coking Coal of Origin [MV.VEGA

STETIND] {Inv:CI/EXIM/INDO/2024/0021 4,973 59 26,500
Dt:14/05/24} CIM
2/Jun/24
7,962 94 20,000
Non Coking Coal of Origin [MV. KWAI KWAI]
7,962 94 20,000
CIMS : COA202100018693 Dt : 23/05/24
7,962 94 6,181
Steam Coal [MV. SW SOUTH WIND I] {Hss 7,434 88 24,050
12/Jun/24 Inv:HSS/009/24-25 Dt:10/06/24}
7,434 88 30,000
CIMS:COA202100018978 Dt:11/06/2
STEAMING NON-COKING COAL CIMS NO:
15/Jun/24 7,552 90 74,400
Indonesia COA202100019062
Coal [MV. ANASSA] {Hss Inv:HSS/GJ/24-
25/009 COAL-INDO Dt:15/06/24} 5,790 69 19,750
CIMS:COA202100019071 Dt:15/06/24
Coal [MV. ANASSA] CIMS : COA202100019071
20/Jun/24 5,733 68 18,200
Dt : 15/06/24
Coal [MV. ANASSA] {Hss Inv:HSS/GJ/24-
25/008 COAL-INDO Dt:15/06/24} 5,790 69 20,000
CIMS:COA202100019071 Dt:15/06/24
Steam Non Coking Coal [MV. ANAHITA] {Hss
21/Jun/24 Inv:HS24ANAHI01 Dt:15/06/24} 7,616 90 10,000
CIMS:COA202100019042 Dt:13/0
Indonesia Total 269,081
 South
13/Jun/24 STEAM COAL CIMS NO: COA202100018986 12,519 149 104,437
Africa
South Africa Total 104,437
Grand Total 373,518

Import of PCI coal via Magdalla up 8% in June

India Coal Market Watch

August 30: Import of PCI coal through the port of Magdalla stood at 82,500 tons in June 2024, an
increase of 8.3 percent as against 76,200 tons in the corresponding month last year, according to
provisional data available with ICMW.

On a month-on-month basis, import of PCI coal via the port was down by 64.3 percent in June 2024
as against 231,400 tons in May 2024.

Import of PCI coal through the port of Magdalla stood at 395,949 tons during April-June 2024, a
decrease of 7.1 percent as against 426,336 tons imported during the same period last year.

Following are the details of PCI coal import via Magdalla Port in 2024-25 and 2023-24:

PCI coal import, Magdalla

Qty (in ton)
Month
2024-25 2023-24
April 82,049 74,066
May 231,400 276,070
June 82,500 76,200
July 76,200
August 74,500
September -
October 82,500
November 151,372
December 75,900
January 75,200
February 234,450
March -
April - Jun Total 395,949 426,336

Following are details of imports of PCI coal via Magdalla Port in June 2024:

PCI coke import, Magdalla

Country Of Unit Price (in Unit Price (in Quantity (in

Date Item Description
Origin Rs/Ton) $/Ton) Tons)

PCI COAL CIMS

Russia 18/Jun/24 11,732 139 82,500
NO.COA202100018956
Russia Total 82,500
Grand Total 82,500

Import of met coke via Magdalla down 28% in June

India Coal Market Watch

August 30: Import of met coke through the port of Magdalla stood at 109,353 tons in June 2024, a
decrease of 27.6 percent as against 150,975 tons in the corresponding month last year, according to
provisional information available with ICMW.

On a month-on-month basis, import of met coke via the port was down by 54.4 percent in June
2024 as against 239,720 tons in May 2024.
Import of met coke through the port of Magdalla stood at 450,348 tons during April-June 2024, an
increase of 75.3 percent as against 256,969 tons imported during the same period last year.

Following are the details of met coke import via Magdalla Port 2024-25 and 2023-24:

Met coke import, Magdalla

Qty (in ton)
Month
2024-25 2023-24
April 101,275 105,994
May 239,720 -
June 109,353 150,975
July 44,000
August 110,153
September 108,498
October 107,552
November 44,000
December 172,648
January -
February 106,412
March 127,415
April - Jun Total 450,348 256,969

Following are details of imports of met coke via Magdalla Port in June 2024

Met coke import, Magdalla

Country Of Unit Price (in Unit Price (in Quantity (in

Date Item Description
Origin Rs/Ton) $/Ton) Tons)

Indonesia 11/Jun/24 METALLURGICAL COKE 28,536 339 42,077

Indonesia Total 42,077
LOW ASH
Poland 19/Jun/24 37,359 443 67,276
METALLURGICAL COKE
Poland Total 67,276
Grand Total 109,353
 NEWS

MoC identifies 38 priority rail projects under coal logistics plan

India Coal Market Watch

August 30: In its pursuit to transform India's coal sector by fast-tracking infrastructure
development, Ministry of coal has identified 38 priority rail projects under the coal logistics plan that
will be fast-tracked in close coordination with the Ministry of Railways, according to an official
release.
These projects are essential for improving rail connectivity, ensuring timely coal supply, and
reducing logistics costs, thereby enhancing the overall efficiency of coal transportation across the
country.
Among these priority projects, government has recently approved two significant rail projects in
Odisha: The Sardega-Bhalumuda double line and the Bargarh Road-Nawapara Road single line.
The 37.24 km long Sardega-Bhalumuda new double line, passing through various coal blocks of the
IB Valley and Mand-Raigarh Coalfield, will facilitate the evacuation of coal from mines operated by
Mahanadi Coalfields Limited (MCL) and several private mines. This project is particularly strategic as
it reduces the transportation distance to power plants in Northern India from Sardega, thereby
enhancing efficiency.
Similarly, the 138.32 km long Bargarh Road-Nawapara Road new single line will significantly
improve coal evacuation from the Talcher Coalfield, providing a direct and shorter route towards
Nagpur and the western regions. This project is expected to substantially reduce logistics costs and
improve the overall efficiency of coal transportation from the Talcher region.
This initiative is a cornerstone in the Ministry’s vision to position India as a global leader in
sustainable coal production and logistics, aligning with the broader goal of a prosperous and
developed nation by 2047.
A robust coal evacuation network is critical for bolstering India’s energy security, ensuring a
consistent and reliable supply of coal to meet the growing demands of the country’s power plants
and industries. In a significant move towards enhancing this network, the Ministry of Coal has
unveiled a strategic plan focusing on the development of critical logistics projects. This endeavor
aligns with the PM Gati Shakti vision of “Integrated planning and synchronized time-bound
implementation,” a pivotal approach to realizing the ambitious vision of Viksit Bharat 2047.

CIL inks deal with IIT(ISM) Dhanbad, TEXMiN for innovation on mining

India Coal Market Watch

August 30: Coal India Limited (CIL) has entered into collaboration with the Indian Institute of
Technology (Indian School of Mines), Dhanbad [IIT(ISM)], and the Technology Innovation in
Exploration and Mining Foundation (TEXMiN) through the signing of a memorandum of
understanding (MoU), aiming to revolutionize the Indian mining sector by leveraging cutting-edge
technologies, according to a company release.

As a result of this collaboration, CIL will enable IIT(ISM) Dhanbad and TEXMiN to establish the "IMiN
- Innovation on Mining" Center of Excellence for Mining 4.0 at TEXMiN, IIT(ISM) Dhanbad. This
state-of-the-art center will serve as a pivotal hub for fostering start-up ecosystems, capacity
building, and advancing technology and process development. The primary goal will be to unlock the
full potential of digital transformation in the mining and metals sector, steering it towards a more
sustainable and efficient future.

“IMiN would be a vital strategic asset to serve as the primary vehicle for managing complex change
initiatives for implementing Mining 4.0 in the Indian mineral sector using CPS-based technologies
with a vision to Create a best practices hub for mine digitalization of the entire mining value chain
and adoption of the latest digital technologies including the department of mines, mine operators,
students, research community and start-ups,” said P M Prasad, CMD, CIL.

The IMiN Center of Excellence will not only pioneer digital solutions but also act as a catalyst in
addressing the core challenges faced by CIL. By integrating Cyber Physical System (CPS)-based
technologies, IMiN will focus on modernizing mining methods, thereby enhancing productivity,
improving safety standards, and advancing the overall sustainability of mining operations.

IREDA secures international credit rating, eyes to enhance global presence

India Coal Market Watch

August 30: Indian Renewable Energy Development Agency Limited (IREDA) achieved a significant
milestone by securing its international credit rating by International Credit Rating Agency, S&P
Global Ratings Limited assigned 'BBB-' long-term and 'A-3' short-term issuer credit ratings to IREDA,
with Outlook ‘Stable,’ according to an official release.
"The international credit rating assigned to IREDA is a testament to our commitment to upholding
the highest standards of corporate governance and maintaining the trust of our investors and
stakeholders. This rating will support our efforts to secure funds at competitive rates and enhance
our footprint in global markets. We remain focused on maintaining our strong market position,
robust financial performance, and exemplary corporate governance to drive sustainable
development," said Pradip Kumar Das, Chairman & Managing Director, IREDA.
This rating will enable IREDA to expand its reach in the international market, tapping into attractive
sources of funding and supporting its borrowing plan. In the rating update released by S&P Global
today, the agency stated, “We rate IREDA one notch above our starting point for rating finance
companies (fincos) in India to reflect ongoing government support.”

Kolkata Port launches Bengal Middle East Express, sets sail for global trade

India Coal Market Watch

August 30: Syama Prasad Mookerjee Port, Kolkata (SMPK) has launched the Bengal Middle East
Express (BMEx), a new container vessel service connecting the Haldia Dock Complex (HDC) with the
Jebel Ali Port in the UAE, according to an official release.
This service, initiated by Ocean Salute Line of Singapore in partnership with MBK Logistix Pvt Ltd,
this will enhance global connectivity for the port. The inaugural vessel, Yong Yue 11, is set to arrive
at HDC on September 6, 2024. The BMEx service will follow a Haldia-Chittagong-Jebel Ali-Haldia
route, linking Bengal as well as Eastern-Indian industrial hub with one of the key ports in the Middle
East.
"In today's rapidly evolving global trade environment, efficiency and flexibility are essential. We are
proud to introduce the Bengal Middle East Express service, which not only establishes a direct
connection between Haldia and Jebel Ali but also opens new avenues for trade and economic growth
in the region. To support this initiative, the Port has offered substantial discounts on vessel-related
charges for container vessels calling directly from South East Asia, Far East, and Middle East Ports.
This service is a testament to our commitment to enhancing our port's competitiveness on the global
stage and supporting the region's EXIM trade,” said Rathendra Raman, Chairperson of Syama
Prasad Mookerjee Port, Kolkata.
The BMEx service will revolutionize cargo movement by cutting transit times and costs for regional
exporters and importers. By bypassing traditional transhipment ports, it reduces delays, lowers
operational costs, and avoids congestion. This direct route enhances supply chain efficiency,
reliability, and competitiveness, giving businesses better access to global markets.
 INTERNATIONAL UPDATES

US coal production marginally up w-o-w

India Coal Market Watch

August 30: The US has produced an estimated 10.3 million short tons (MMst) of coal during the
week ended August 24, 2024, the US Energy Information Agency (EIA) said in its latest report.

According to the report, this production estimate is 0.6 percent higher than last week's estimate and
9.8 percent lower than the production estimate made for the comparable week of 2023.

East of the Mississippi River produced an estimated 4.3 MMst and west of the Mississippi River
produced around 6 MMst, according to weekly figures released by EIA.

The world’s second largest coal producer’s year-to-date (as of August 24, 2024) total estimated
production volume was 316.6 MMst, 16 percent lower than the comparable year-to-date coal
production in 2023.

BHP Mitsubishi Alliance expects around 38 mt coking coal production in FY25

India Coal Market Watch

August 30: BHP Mitsubishi Alliance (BMA) expects coking coal production between 33 to 38 million
tons (mt) on 100 percent basis during July 2024 to June 2025 (FY25), according to a company
report.

Medium-term outlook for production of steelmaking is expected to reach 43-45 mt.

Unit costs for FY25 are expected to be between $112 and $124/ton, which we expect would make it
one of the lowest cost steelmaking coal producers.

Our focus on improving value chain stability will continue into 2026, rebuilding inventory to
sustainable levels and normalising strip ratios, which will underpin higher production in the medium
term.

“BMA will also benefit from simplified operations and transport logistics, including the shipment of all
products through the 100 percent owned Hay Point Coal Terminal. In the next five years, we expect
to increase production to between 21.5 and 22.5 million tons per annum (mtpa) (43 and 45 mtpa on
a 100 percent basis). At that point, we anticipate that unit costs will be around $ 110/ton,” the
report said.

“Given the negative impact on investment economics resulting from the change in coal royalty rates,
and the increase in sovereign risk due to the decision to raise royalties without consultation, we will
not be investing in any further growth at BMA, however we will sustain and optimise our existing
operations,” the report added.

New South Wales' thermal coal production expected at 15 mt in FY25

India Coal Market Watch

August 30: New South Wales expects energy coal production between 13 to 15 million tons (mt) on
100 percent basis during July 2024 to June 2025 (FY25), according to a company report.

“We continue to work with the NSW government to obtain approval to extend the current mining
consent that expires in 2026 and proceed with a managed process to cease mining by the end of
FY30,” the report said.
The royalty rates in NSW increased from 8.2 to 10.8 percent for open cut mines, effective from July
1, 2024.

“As we look ahead to FY30, we expect to optimise mine plans and to minimise capital to realise
value across the period. We also plan to conduct sequential backfilling of inactive pits to complement
progressive rehabilitation,” the report added.
 TENDERS

Haryana Power Generation Corporation floats tender for 5.86 lt of imported coal

India Coal Market Watch

August 30: Haryana Power Generation Corporation (HPGCL) has invited tenders for procurement of
5.86 lakh ton (lt) of imported coal for its thermal power plant, according to a tender document.

HPGCL intends to procure 4.08 lt of imported coal on ‘FOR Destination’ basis for HPGCL TPSs i.e.
Panipat Thermal Power Station, Panipat; Deenbandhu Chhotu Ram Thermal Power Project,
Yamunanagar & Rajiv Gandhi Thermal Power Plant, Khedar, Hisar and 1.78 lt of imported coal on
‘FOR Destination’ basis for Jhajjar Power Limited 1.e, Mahatma Gandhi Thermal Power Plant, Jharli,
Jhajjar.

The last date and time of bid submission is August 28, 2024 by 3 pm.

The Bids shall remain valid for a period of 120 (One Hundred and Twenty) days from the date of
opening of Techno-commercial bids. The bid valid for shorter period shall be rejected by HPGCL as
being non-responsive.

The bidders are to quote Railway Freight based on the railway freight prevailing as on 7 days prior
to techno-commercial bid submission date. For the purpose of calculating the variation in railway
freight on account of adjustment in base freight rates by Railways.

The bidder must have successfully imported and supplied a minimum of 4.69 lt coal of foreign origin
other than India to any power utility including NTPC/state gencos/ IPPs, in any continuous twelve
months in one or multiple contracts during the preceding five financial years i.e. FY20 to FY24 along
with the current financial year up to the date of techno commercial bid opening.

Technical specification:

Description Specifications
GCV range 4700 K Cal/ Kg (Min)
Total Moisture (ARB) Upto 32%
Ash (ADB) Upto 20%
Ash Fusion Temperature – (IDT) Above 1350º C
Sulphur (DB) upto 1.0% max
Volatile Matter (DB) 25-45 %
Fixed Carbon (ADB) 30-50% Typical
Hard Groove Index 45-60
50 mm
However, size of the coal less than 2.36 mm
Size
shall not be more than 10% of the quantity
received at the power plants
(ADB – Air Dried Basis, ARB – As Received Basis, Initial deformation temperature (IDT)

Pranabnaman Minerals wins NTPC tender for coal transportation

India Coal Market Watch

August 30: Pranabnaman Minerals Private Limited wins tender floated by National Thermal Power
Corporation Limited (NTPC) for coal transportation of 30 lakh tons (lt) from Magadh Mine by road to
NTPC’s North Karanpura Thermal Power Station, according to a tender document.

The total contract value is Rs 49.08 crore.

The nine bidders were Asif Aqubal Logistics, Deo Trading Company, Esskay Concast And Minerals,
Nkas Services, Om Sharda Logistics, Orissa Stevedores, Pragati Indian Road Lines, Pranabnaman
Minerals and R K Transport.

Indonesian company wins TNPL tender for imported coal

India Coal Market Watch

August 30: PT. Bara Daya Energi, Indonesia wins tender floated by Tamil Nadu Newsprint and
Papers Limited (TNPL) for procurement of 4200 GAR imported steaming non coking coal in bulk,
according to a tender document.

The total contract value is Rs 521,390,700, for a supply quantity of 90,000 tons. The coal to be
unloaded at Tuticorin Port.

The six bidders were Global Coal Ventures, Mohit Minerals, Pt Bara Daya Energi, Saraogiudyog,
Smartgen Infra and Taranjot Resources.

TNPL floats tender for procurement of 180,000 tons imported coal

India Coal Market Watch

August 30: Tamil Nadu Newsprint and Papers Limited (TNPL), would like to procure 180,000 tons (±
5 percent) of 4200 GAR steaming (non-coking) coal in bulk (imported) on delivered at TNPL factory
basis for Unit-I & Unit-II through e-tendering, according to a tender document.

Due date for submission of techno-commercial bid and price bid in the e-procurement platform at
the Tamil Nadu government e procurement portal is September 5, 2024 before 3 pm. The technical
cum commercial Bid will be opened through online portal at 11:00 AM on September 6, 2024.

In the e-tender, the price bids received from the technically qualified bidders will be opened
electronically. Opening price shall be fixed by TNPL for e-reverse auction. Technically qualified
bidders only will be allowed to participate in the e-reverse auction process. The overall lowest offer
received will only be considered for placement of order. The exchange rate of Rs 83.96 as on August
23, 2024 will be used for conversion from USD to INR.

Tenderer should have supplied 120,000 tons of imported steamed coal of any origin to Industrial
Units in India in any one of the financial year/ calendar year in past 3 years, including the current
financial year/ calendar year and the certificate of the consumer for quantity and satisfactory
contract performance should be furnished.

Further, tenderer should have positive net worth of Rs 40 crore as on December 31, 2023 / March
31, 2023. Tenderer should have turnover of Rs 300 crore in any one of the preceding three financial
years or calendar year including the current year.

Technical specification:

Description Specifications
GCV range 4200 K Cal/ Kg (Min)
Total Moisture (ARB) 32-40 %
Ash (ADB) Max 6 %
Ash Fusion Temperature – (IDT) Above 1350º C
Sulphur (DB) <1 %
Volatile Matter (DB) 38-45 %
Fe2O3 in Coal Ash (OD) 6-8 %
Hard Groove Index (HGI) <50
Size 0-50
Fines Content (minus 3mm) Max 20 %
(ADB – Air Dried Basis, ARB – As Received Basis, OD – Oven Dried) Specifications are as per
analysis at TNPL lab
CMPDI invites bids for detail exploration at Rajathari South Block Pench Kanhan Tawa
Valley Coalfield, MP

India Coal Market Watch

August 30: Central Mine Planning and Design Institute Limited (CMPDI) has invited service bids for
detail exploration Rajathari South Block Pench Kanhan Tawa Valley Coalfield in Chhindwara district
in Madhya Pradesh, according to a tender document.

The bid opening date is on August 30, 2024 at 11 pm and will close in 30 minutes, post which the
bid offer will be valid for 120 days.

The work is non-divisible and shall be carried out by single contractor. The duration for the contract
is 500 days, which includes 30 days period for mobilization and 470 days of exploration activities.

Further, CMPDI shall arrange necessary statutory clearances for exploration in forest areas and shall
scrutinize the exploration scheme, suggest and approve the borehole locations, select/approve
boreholes for special tests, randomly/ regularly check and verify completed and ongoing works.

Following is the scope of work for bidder:

Item No. Sr. No. Sub-item

Item-1 1 a) RL to be carried from nearest railway station or nearest Survey of India
bench mark with closed traverse using latest electronic total station survey
equipment.
b) Coordinates of completed boreholes will be determined with closed traverse
by establishing network of survey stations with latest electronic total station
survey equipment.
2 Geological mapping (on RF 1:5000) including outcrops of different lithological
units/coal seams, structural details to be decided by the Project Manager
3 33630(+/-30%) meters of vertical diamond core drilling in HQ/NQ/BQ or
equivalent sizes having envisaged depth of up to 1000 meters (approximate)
with >90% recovery in coal and >80% recovery in non-coal portion; sealing of
boreholes and erection of borehole pillars.
4 Topographical survey (on RF 1:4000/5000) including surface contours,
boreholes and determination of reduced levels of boreholes. Surface Contour
interval to be decided by the Project Manager.
5 33,630 metre drill core logging (lithological characteristics, structural features,
geotechnical properties, RQD). Laboratory Studies
6 Packing and transportation of coal cores to laboratories for chemical analysis as
per advice of the Project Manager
7 Packing and transportation of coal and non-coal cores of maximum 2 boreholes
wherein maximum strata and coal seams have been intersected to laboratory
for physico-mechanical tests and 1 borehole for REE study, critical mineral
investigation.
Item-2 1 Geophysical logging of 33630 (+/-30%) meterage (100% of Geophysical
logging) Geophysical logging includes:
(a) Dual density
(b) Caliper
(c) Natural gamma
(d) SPR.
(e) Resistivity
(f) Base log

Item-3 1 Deviation Survey -23580m (+/-30%)

Item-4 1 Full Wave Sonic Logging-1800m (+/-30%)
Item-5 1 Spectral Gamma Log: 1800m (+/-30%)
Item-6 1 HR Acoustic Tele viewer Log: 1800m (+/-30%)%)
Item-7 1 I.P. Log: 1800m (+/-30%)
Item-8 1 Magnetic Susceptibility Log: 1800m (+/-30%)
Item-9 1 Temperature & Fluid Conductivity Log: 1800m (+/-30%)
Item-10 1 Neutron Log: 1800m (+/-30%)

mjunction believes that all junctionites, customers, suppliers, partners, etc. should practice the highest ethical standards in
their daily operations. Report a concern to [email protected]
Disclaimer: This document is for information purposes only. The information contained in this report has been compiled from
sources believed to be reliable. Whilst every e_ort has been made to ensure that the information is correct and that the views
are sound, mjunction cannot be made liable for any loss incurred by users of this report. Readers are requested to make
appropriate judgment without any prejudice or compulsion.
Copyright: ©mjunction services limited 2008. All rights reserved. No part of this publication (text, data or graphic) may be
reproduced, stored in a data retrieval system, or transmitted, in any form whatsoever or by any means (electronic,
mechanical, photocopying, recording or otherwise) without obtaining mjunction services limited's prior written consent.
Unauthorised and / or unlicensed copying of any part of this publication is in violation of copyright law. Violators may be
subject to legal proceedings and liable for substantial monetary damages per infringement as well as costs and legal fees.