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Thursday, 22 April 10
NEED TO IMPORT 82 MT COAL IN FISCAL - INDIA COAL MIN
Indian Express reported that, anxious to bridge the ever-widening gap between the rising demand for coal and its inadequate supply, the Coal Ministry today said the country would have to import 82 million tones coal to fire its blast furnaces and power turbines in 2010-11.
In its quest for streamlining growth in the sector, the ministry has also pledged to expedite the setting up of the proposed Coal Regulator by seeking the approval of the union cabinet soon.
Pointing out that the total demand for coking and non-coking coal in 2010-11 has been estimated to be around 653.71 million tones, Coal Minister Sriprakash Jaiswal told The Indian Express that coal imports was imperative to ensure raw material security.
“After a recent review meeting on the sector, we saw that the total coal demand was around 654 million tones. We found that production from all the sources including our behemoth Coal India Limited would be around 572.37 million tones, thereby leaving a gap of nearly 82 MT this fiscal. So imports will have to happen,” Jaiswal argued.
Source: Indian Express (By: Priyadarshi Siddhanta)
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Thursday, 29 April 10
SOUTH AFRICAN ROUNDS BACK TO INDIA SUPRAS CAN ACHIEVE AROUND MID 20S
Handy
Atlantic markets remain firm. Supramaxes open in USG are now achieving low/mid&n ...
Thursday, 29 April 10
KANGAROO RESOURCES INKS KEY COAL EXPORT CONTRACT WITH YUDEAN FARNON - PROACTIVE INVESTORS
Proactive Investors reprted that, Kangaroo Resources has secured an initial export sales contract for coal from the company’s operating coal p ...
Wednesday, 28 April 10
UNITED TRACTORS FOCUSES ON MINING AS IT SEEKS TO DIVERSIFY REVENUE SOURCES - JG
The Jakarta globe reported that, PT United Tractors, Indonesia’s biggest heavy-equipment distributor and mining contractor, aims to have its m ...
Wednesday, 28 April 10
DRY BULK MARKET
After a prolonged period of anticipation and a stalled dry bulk market in terms of freight rates, the industry’s benchmark, the Baltic Dry Ind ...
Tuesday, 27 April 10
CAPESIZES UP, PANAMAXES DOWN - BRS
It was Capesizes up, Panamaxes down this week as the latter experienced a correction after its recent gains. Period rates for Panamaxes remain firm ...
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- Petron Corporation, Philippines
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- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
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- Mintek Dendrill Indonesia
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- Metalloyd Limited - United Kingdom
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- Price Waterhouse Coopers - Russia
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- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- SMG Consultants - Indonesia
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- Edison Trading Spa - Italy
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- TNB Fuel Sdn Bhd - Malaysia
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- Indonesian Coal Mining Association
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- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
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- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
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- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
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- Orica Australia Pty. Ltd.
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