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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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Wednesday, 18 August 10
MADHUCON TO START MINING AT SUMATRA BLOCK IN 2-3 MONTHS
DNA India reported that, Hyderabad-based Madhucon Projects is set to begin mining at one of its coal blocks in Indonesia in 2-3 months, said S Vaiku ...
Tuesday, 17 August 10
HANDIES AND SUPRAS WOKE UP AGAIN AFTER SEVERAL WEEKS OF LETHARGY - BRS
A spectacular increase in Cape size rates pushed the BDI up more than 20% this week, with demand for prompt tonnage in the Pacific causing a major s ...
Monday, 16 August 10
INDIA'S TNPL TO SUPPORT TNEB WITH COAL SUPPLIES
COALspot.com: TNPL to award 300,000 MT of coal supply contract to Nehel General Trading of India. Tamil Nadu state undertaking , Tamil N ...
Monday, 16 August 10
INDONESIA'S PLN SECURED COAL SUPPLIES, LESS IMPACT BY RAINS
COALspot.com: Indonesian State Electricity Company, PT Perusahaan Listrik Negara (PLN), has secured coal supplies for all of its power plants except ...
Sunday, 15 August 10
THE FREIGHT MARKET IS EXPECTED TO REMAIN FIRM - CAPT REDDY
COALspot.com: The BDI rose by almost 22 pct despite peak holiday season which is usually quite market , where as the BCI up sharply by 46 pct which ...
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- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
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- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
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- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Intertek Mineral Services - Indonesia
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- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- London Commodity Brokers - England
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- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
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- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
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- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
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- Goldman Sachs - Singapore
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- Banpu Public Company Limited - Thailand
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- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
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- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
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- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
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- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- The University of Queensland
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- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
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- Chamber of Mines of South Africa
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- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
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