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Thursday, 18 March 10
COAL PILING UP AT EAST COAST PORTS ON RAKE SHORTAGE
 Business Line reported that, more than three million tonnes (mt) of imported coal are awaiting evacuation at the east coast ports of Paradip, Visakhapatnam and Gangavaram due to non-availability of railway rakes.
This is causing concern to several power houses and steel plants as well as a large number of traders, dependent on coal imports through these ports.
The rake shortage has been caused by slump in arrival of iron ore rakes at the ports, following the Orissa Government's crackdown on illegal mining and pilferage of iron ore in the State's Keonjhar and Nayagarh districts. Following the crackdown, the mining, loading and transportation of iron ore from these districts have come to a halt. As a result, fewer iron ore rakes are now arriving at the ports. The rakes which carry iron ore for exports to the ports are generally used for back-loading of imported cargo, mostly coal, and evacuation of the cargo out of the ports.
Accumulated stock
Paradip is holding about 1.5 million tonnes (mt) of imported coal -- about six lakh tonnes (lt) for power houses and another three lakh tonnes or so for steel plants and the balance for traders. The Visakhapatnam port is holding 1.1 mt, including three lakh tonnes of steam coal used by power houses. The accumulation on account of SAIL alone will be more than five lakh tonnes and the balance for companies such as Vedanta, Tata, Adhunik, Jaiswal Nicco and other plants located in western Orissa.
Gangavaram is holding about eight lt, which is likely to increase by 3.8 lt or so with the arrival of two vessels within the next few days. The bulk of the coal imported through Gangavaram is meant for power houses in Andhra Pradesh and Maharashtra and captive power units of cement plants in these two States.
Paradip port can back-load up to 12 rakes a day but with fewer iron ore rakes now arriving at the port, not more than five to six rakes are available. Visakhapatnam port needs 12-13 rakes a day for back-loading but gets only 9-10 rakes. Gangavaram port's requirement is estimated at seven rakes a day but the availability is around 4-4.5, including three which are dedicated rakes for operation on dedicated circuits.
The problem could have been mitigated to some extent if the Railways had moved empty rakes to these ports to evacuate the accumulated cargoes. “While we do place empty rakes at ports from time to time depending on the exigencies, it is not in our interest to move the empties on large scale, particularly during this time of the year when the demand for wagons is high,” say Railway sources.
Source: The Hindu Business Line - By:Santanu Sanyal
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Thursday, 18 March 10
INDONESIAN COAL PRODUCTION EXPECTED TO BEAT EARLIER FORECAST
The Jakarta Globe reported that, the government expects coal output this year to exceed its initial projection of 250 million metric tons as the dri ...
Tuesday, 16 March 10
INDONESIA ROUND VOYAGES WERE GETTING BETWEEN HIGH TEENS - BRS
Another strong week for the bulk market and rates in all segments are now back above pre-Chinese New Year levels. Atlantic volumes remain robust, an ...
Tuesday, 16 March 10
MADHUCON GETS MINING LICENSE IN INDONESIA
Business-Standard reported that, PT Madhucon Indonesia, a subsidiary of the Hyderabad-based infrastructure company Madhucon Projects Ltd, has been g ...
Monday, 15 March 10
BOB KAMANDANU ON INDONESIAS PEAK COAL PRODUCTION, ENERGY SECURITY AND EXPORTS TO INDIA
Bob Kamandanu, the chairman of Indonesian Coal Producers Association (APBI), said the country has an estimated 50 to 70 years of coal reserves.
T ...
Monday, 15 March 10
CIL BOARD CLEARS 10 PROPOSALS FOR STRATEGIC PARTNERSHIP OR JVS
Economic Times reported that, Towards achieving a global footprint, state-owned Coal India (CIL) is eyeing strategic partnership or joint ventures w ...
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- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Sarangani Energy Corporation, Philippines
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- Economic Council, Georgia
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- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
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- Africa Commodities Group - South Africa
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- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
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- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
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- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
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- Planning Commission, India
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- White Energy Company Limited
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- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
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- New Zealand Coal & Carbon
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- SMG Consultants - Indonesia
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- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
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- Ministry of Mines - Canada
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
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- Jorong Barutama Greston.PT - Indonesia
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- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
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- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
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- Energy Link Ltd, New Zealand
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- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
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- Tata Chemicals Ltd - India
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- Metalloyd Limited - United Kingdom
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- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
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- Neyveli Lignite Corporation Ltd, - India
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- Mercator Lines Limited - India
- PowerSource Philippines DevCo
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- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
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- Eastern Energy - Thailand
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- Electricity Generating Authority of Thailand
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- Altura Mining Limited, Indonesia
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- The University of Queensland
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- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Coastal Gujarat Power Limited - India
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