We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Sunday, 28 March 10
DEMAND FROM INDIA RESHAPING THE GLOBAL COAL MARKET - DAVE FOREST
 Attention international coal industry. There's a new kid on the block.
The nation of India.
India is emerging as a major re-shaping force for the global coal market. With in-country coal supplies flagging, Indian buyers are increasingly turning to imports to meet demand.
The situation at many of the nation's power plants is dire. The federal Central Electricity Authority monitors coal stockpiles at 79 plants throughout India. As of yesterday, 19 of those plants (25%) were running at "critical" levels, with less than 7 days worth of coal on hand.
In fact, 9 of those plants are operating with less than 4 days of coal supply. Meaning that 11% of national generating capacity is teetering on the edge of shutdown. These plants are completely reliant on new coal deliveries. If coal shipping is disrupted for any reason, there's no back-up.
There are a few factors at play here. Firstly, India's coal production is lagging demand. Due to fixed government pricing that makes it difficult for coal miners to turn a profit. There's simply not much economic incentive to build new mines (although the government is trying to horse-whip producers into increasing output, even at low prices.)
The other problem is that India's coal-producing regions are distant from many of the electricity demand centers, especially along the coast. Bottlenecks in rail transport make it difficult to get coal to many of the power plants that need supply most.
A clear solution seems to be emerging amongst many of India's biggest coal buyers. Go international.
Yesterday, Maharashtra State Power Generation Co. (the firm that supplies power to Mumbai, among other places) announced it will seek to import 3.35 million tons of thermal coal in the year beginning April 1.
This is a big jump in Maharashtra's foreign coal use. Up 40% from the 2.4 million tons imported in the year ended March 31.
The company's managing director Subrat Ratho made it clear this is a decision coming from the highest levels in India. As he noted, "We would like to import as little as we can because overseas coal is six-times more expensive than Indian coal. But it appears the Ministry of Power has made an assessment of how much coal the domestic companies will be able to supply to various states and have given us this target."
The decision is changing the face of coal imports across the country. India's thermal coal imports surged 100% in 2009, to 60 million tons. Up from just 30 million tons in 2008.
With India's focus now shifting to coal imports, a question is arising. Where will this international supply come from?
Nations like China and Japan have been competing hard for years to secure coal supplies in many of the world's richest regions like Indonesia and Australia. Being late to the party, India is now making its own push to capture supplies. By going forth and buying mines.
Last year, the Indian government gave explicit instructions to many of the nation's largest coal companies to buy overseas coal mines in the interest of nailing down import supply.
One such acquisition materialized this week, with major coal miner and power plant operator Essar Group announcing its purchase of the Aries coal mine in East Kalimantan, Indonesia. The project is reported to hold 100 million tons of thermal coal.
This follows on the heels of Essar's recently-announced $600 million purchase of West Virginia's Trinity Coal Corp. Signaling that Essar (and other groups like it) are moving fast to secure coal assets globally.
The coal industry is already a crowded space, with several nations competing for imports and to buy mines. The sudden addition of an aggressive and deep-pocketed buyer like India could end up being like trying to drive a bulldozer through a mousehole. Putting upward pressure on both coal trade prices and the price tag for purchasing deposits.
We saw this movie once before in 2005 when China turned from a net exporter of coal to a net importer. Prices soared and coal producers had a great run in the stock market.
India may be the only other nation on the planet with the ability to do same.
Source: OilPrice
Dave Forest, dforest@piercepoints.com, www.piercepoints.com
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 08 April 10
INDONESIAN ENERGY MINISTRY SEEKS LONGER MINING CONTRACTS - THE JAKARTAGLOBE
The Jakarta Globe reported that, Energy Minister Darwin Zahedy Saleh said he would seek to amend the mining law to address investors’ complain ...
Thursday, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN
ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal ...
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (B ...
Tuesday, 06 April 10
NEWCASTLE COAL EXPORTS RISE 24%, SHIP QUEUE SHORTENS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power st ...
Tuesday, 06 April 10
UAE STEEL TRADERS FEAR LOSSES ON GLOBAL HIKE
A sudden spurt in the price of iron ore in the international market has caught local steel traders and manufacturers and a host of other steel-depen ...
|
|
|
Showing 5896 to 5900 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- The University of Queensland
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Australian Coal Association
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
|
| |
| |
|
