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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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Friday, 03 September 10
NALCO, INDONESIAN FIRM DIFFER ON COAL SUPPLY TO SMELTER - DNA INDIA
A few days ago, National Aluminium Company (Nalco) advertised in Indonesian newspapers asking for companies to bid for coal supplies for its 500,000 ...
Thursday, 02 September 10
PLN ASKED TO USE LOCAL COAL
Tempo Interactive reportd that, the Indonesian Mining Association Executive Director, Priyo Pribadi, has called on the state-run electricity company ...
Thursday, 02 September 10
NALCO OPEN TO EQUITY DILUTION IN $3.9 BN PROJECT IN INDONESIA
Business-Standard reported that, state-owned Nalco today said it is considering selling stake in its $3.9 billion (over Rs 18,000 crore) aluminium p ...
Thursday, 02 September 10
DRY BULK MARKET GAINS MOMENTUM TO INCREASE, WITH CHINA ONCE AGAIN TO THE RESCUE
With predictions from Chinese officials stating that the country’s iron ore imports during 2010 could surpass the record amounts of 2009, the ...
Wednesday, 01 September 10
STC BAGS NTPC ORDER TO SHIP 12 MT COAL
My Digital FC reported that, The State Trading Corporation (STC) has bagged NTPC’s tender to ship 12 million tonnes coal from Ind&sh ...
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- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- White Energy Company Limited
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- MS Steel International - UAE
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
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