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Monday, 26 April 10
COAL INDIA NEARS PORT DEAL WITH VIZAG STEEL - DNA
 DNA India reported that, Coal India Ltd (CIL), the country’s largest coal producer, is close to signing a deal to acquire space at Vizag Steel’s port in Visakhapatnam.
Partha Bhattacharya, chairman, CIL, said the company will look to go in for joint venture or acquire parts of existing ports rather than setting up its own.
“We are more or less close to signing a deal with Vizag Steel to start with. RIL/RINL has moved out of Vizag Steel so that space has been offered to us and we have accepted it for our imports. Compensation needs to be discussed. A 4-5 million tonne capacity would be available to us at any point in time,” he said.
CIL has started talks with other ports, including Gangavaram, Dhamra, Krishnapattanam, and Kandla. DNA had reported on September 30, 2009 that CIL is looking at tying up with ports.
CIL is also looking at coal-bed methane and coal mine gasification projects, though Bhattacharya said the water contamination problem was a concern.
“As long as there is no definite solution (to the water contamination problem) we can’t risk it because we don’t have coal in barren places. But if there is any technology evolving anywhere in the world, we will take it. We are seriously looking at underground coal gasification projects,” he said.
Meanwhile, a CIL delegation will be visiting US-based Peabody Energy to close a deal that will give the Indian firm a stake in four Australian coal mines along with other overseas assets.
“We are going to tie up with them for certain amount of production for a ten year period. I believe they are ramping up to somewhere around 16-17 million tonne in four- five years and they remain at that level… that is the offer. Our participation would be in the equity stake with this offtake agreement and at a price substantially lower than the spot prices,” Bhattacharya said.
However, the deal with Rio Tinto in Australia seems a bit far off. “Rio Tinto was not really a subscriber to our theory. They are growing fairly fast and are looking at the export market. They are talking about a mutually beneficial joint venture, which we will look at. Primarily we want to bring coal faster into the country at clearly distinctly advantageous terms than spot imports. We will look at Rio later.”
But CIL’s surface-based coal gasification project with RCF and GAIL India is still in the pipeline, Bhattacharya asserted. A senior CIL official had earlier said that the coal block allotted for the same project had been given back.
“I wouldn’t say it has not taken off… Actually GAIL is doing the studies now. That gas will be converted into ammonium nitrate and urea. Ammonium nitrate is a feedstock for our explosives. Gail is the nodal agency for this and they were supposed to get a study done and technology feed and that’s on. The minister for fertilisers was very keen and he took a meeting on that. The project is very much on course.”
CIL is also undertaking ventilation air methane projects for which a tender has been floated. “It is a very interesting project. The exhaust air from gassy mines contains high amounts of methane, which is pushed into the atmosphere. This gas is 21 times more potent than carbon di oxide. If we can do something to absorb that methane, and it would be a CBM technology, it will earn us carbon credits.”
Source: DNA India (Reported By: Pooja Sarkar)
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Saturday, 22 May 10
INDUSTRY QUESTIONS STEAM COAL PRICE ANOMALY
Five South Korean utilities have secured a deal for 3.13 million tonnes of Australian thermal coal with a calorific value of 6,080kcal/kg for delive ...
Wednesday, 19 May 10
DRY BULK FREIGHT RATES' RALLY MAY BE SET TO END
The Baltic Dry Index (BDI) has rallied these past couple of weeks, almost touching the 4,000 point mark. But this positive development for dry bulk ...
Wednesday, 19 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE LENGTHENS
Coal shipments from Australia's Newcastle port, the world's biggest export harbor for the fuel used in power stations, rose 2.9 percent last week ...
Tuesday, 18 May 10
THE BDI HIT A FIVE-MONTH HIGH AT THE CLOSE OF LAST WEEK
According to BRS, One of the oldest ship broker, at 3,929 points, the BDI hit a five-month high at the close of last week. The Capesize four time ch ...
Tuesday, 18 May 10
COAL TRADER CHINA QINFA TO BUY TWO BULK CARRIERS FOR 69 MLN USD
China Qinfa Group, a leading non-State-owned coal trader on China's mainland, said Sunday it had signed shipbuilding contracts to pay 69 million U. ...
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- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- White Energy Company Limited
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
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