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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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Thursday, 09 September 10
INDONESIA SWAPS COAL FOR INFRASTRUCTURE - FT
As Asia’s major economies bound forward and their hunger for energy surges over the next decade, Indonesia is strategically positioned to take ...
Thursday, 09 September 10
DRY BULK MARKET IS LOOKING TO INCREASE GAINS ON OCTOBER IRON ORE CONTRACTS
The “success” story that the dry bulk market has been displaying during the past couple of weeks is being materialized as we head toward ...
Tuesday, 07 September 10
INDIA IMPORTS 1.63 MLN T OF COAL FOR THE PERIOD 30 AUGUST - 5 SEPTEMBER - SOURCES
COALspot.com: India has imported 1.07 million tons of power plant coal, 0.520 mln tons of coking coal and around 41,000 mt of Anthracite coal for th ...
Tuesday, 07 September 10
GOVERNMENT DECLARED INDONESIAN COAL PRICE REFERENCE DECLINE FOR THIRD-STRAIGHT MONTH
COALspot.com: Indonesian thermal coal price reference, a monthly benchmark price declared by Ministry of Energy and mineral resources of Repub ...
Tuesday, 07 September 10
MERCATOR TO BUY COAL MINE IN INDONESIA THIS FISCAL
Mercator Lines, India’s second-largest shipping company which has diversified into coal mining, will buy a coal mine in Indonesia with more th ...
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- Standard Chartered Bank - UAE
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- Renaissance Capital - South Africa
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- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Central Electricity Authority - India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
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- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
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- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
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- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
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- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- San Jose City I Power Corp, Philippines
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- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
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- Ministry of Transport, Egypt
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- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
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- Ministry of Mines - Canada
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- Tamil Nadu electricity Board
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- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
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- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
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- Carbofer General Trading SA - India
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Australian Coal Association
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
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- Neyveli Lignite Corporation Ltd, - India
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- LBH Netherlands Bv - Netherlands
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- Semirara Mining Corp, Philippines
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- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
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- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
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- International Coal Ventures Pvt Ltd - India
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- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
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- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
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- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Parliament of New Zealand
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- Independent Power Producers Association of India
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- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- The University of Queensland
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
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- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Sojitz Corporation - Japan
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