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Friday, 28 May 10
CHINESE BAN TO HIT INDIAN IRON ORE EXPORTS
Nearly half of India's iron ore exports to China are in serious danger of being wiped out. The local government has imposed a ban on import of low grade iron ore while major Chinese companies are buying up ore mines with two billion worth of reserves in Africa. "The ban will surely have an effect because about 50% of our exports are low grade iron ore," Royston Machado, an industry consultant working jointly with China Inspection and Quarantine, said. India sold 107 million tonnes accounting for 18% of Chinese imports in 2009.
The ban came into effect after the China Iron and Steel Association (CISA) advised ore buyers at a conference to stop buying low grade ores. "CISA has not yet issued a formal notification but the ban is already having an effect," Machado said.
The ban has not caused uproar because businesses in India are still not feeling the pinch. China has more than two months of stocks and the offtake from steel mills is low. Another reason is that the Goa port, which ships nearly half of Indian ores to China, is closed for monsoon.
"A clear picture would emerge after the Goa port reopens in October and there is a strong demand. Indian exports would be seriously reduced unless the government reconsiders the ban," sources said. The move was followed by a decision by the National Development and Reform Commission giving a green signal for the purchase of two African mines with reserves totaling 2 billion tonnes.
Three Chinese companies including the Wuhan Iron & Steel, are jointly buying a mine with reserves worth 800 million tonnes at Soalala in Madagascar. Wuhan has also purchased controlling stakes in the Bong Iron Ore company based in Liberia. Bong has proven reserves of over 1.3 billion tonnes.
Source: Times of India / Hellenic Shipping
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Monday, 13 December 10
ICE FUTURES EUROPE TO LAUNCH IHS MCCLOSKEY INDONESIAN SUB-BITUMINOUS FOB MARKER COAL CONTRACTS - MONDOVISIONE
Mondovisione reported that, IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over ...
Monday, 13 December 10
NALCO TO START WORK ON RS 18K CR ($ 4,010,695,091) INDONESIAN PROJECT BY JUNE - MSN
MSN reported that, State-owned NALCO today said it has selected UAE-based RAK Minerals as JV partner for its Rs 18,000 crore (US$ 4,010,695,091 ...
Monday, 13 December 10
DEUTSCHE BANK RAISES COAL FORECASTS ON MARKET SHORTAGE - BLOOMBERG
Deutsche Bank AG raised price forecasts for thermal coal by as much as 17 percent on expectations that a shortage of the fuel will widen over the ne ...
Monday, 13 December 10
K SERA SERA TO SPEND RS325CR TO BUY COAL,OIL & GAS FIRMS STAKE - LIVE MINT
The company might have to dole out around Rs 225 crore (US$ 50,122,522) for picking up the majority stake in the coal mine in Indonesia and around R ...
Thursday, 09 December 10
OVERSUPPLY OF SHIPS BOUND TO KEEP DRY BULK FREIGHT RATES SUBDUED DURING 2011 SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
An oversupply of vessels is expected to keep freight rates from flying as high as in recent years said a relative shipping report from BIMCO’s ...
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- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- The University of Queensland
- Kumho Petrochemical, South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Parliament of New Zealand
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Cement Manufacturers Association - India
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
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