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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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Saturday, 02 October 10
FOUR INDONESIAN COAL FIRMS KEEN TO TIE UP WITH NALCO - SIFY
Sify reported that, Four Indonesian coal companies have shown interest to tie up with public sector National Aluminium Company (Nalco) for its 4 bil ...
Friday, 01 October 10
COAL TRADERS POWER FOREIGN ASSET BUYS - ECONOMIC TIMES
Economic Times reported that, the rush to own coal assets is leading to innovative alliances. are teaming up with utilities like , Reliance Power an ...
Thursday, 30 September 10
LOW CALORIFIC VALUE COAL MAY BE SOLD BELOW COAL REFERENCE PRICE IN INDONESIA
COALspot.com: Indonesia, the world’s largest coal exporter has issued another ministerial decree to regulate the selling price of coal of Indo ...
Thursday, 30 September 10
INITIAL PHASE OF MOATIZE MINING BY EARLY NOVEMBER - ALL AFRICA
All Africa report that, the initial phase of mining coal at Moatize, in the western Mozambican province of Tete, will begin by early November, and t ...
Thursday, 30 September 10
THE PANAMAX CONTINUED ITS DOWNWARD TREND FROM LAST WEEK - FEARNBULK
HANDY
Activity remains slow this week combined with a lack of fresh enquiry and tonnage over-supply in the Atlantic. Indexes are all negative exce ...
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- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Aditya Birla Group - India
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