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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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Tuesday, 27 July 10
INDIA HAS IMPORTED 1.5 MILLION TONS OF COAL LAST WEEK
COALspot.com: Coal imports in Indian ports have reached over 1.5 million tons for the week ended 25 July 2010. According to port agents, aroun ...
Tuesday, 27 July 10
DRY BULK SPOT CARGO DEMAND SHARPLY UP, TRIGGERING RISE IN RATES
Hot on the heels of the dry bulk market’s first weekly gain in almost two months, Monday began on a similar note, with the Baltic Dry Index (B ...
Tuesday, 27 July 10
KANGAROO RESOURCES INKS 297MT COAL RESOURCE FOR TANUR JAYA PROJECT
Kangaroo Resources has reported JORC Code compliant open cut Coal Resources totalling 297 million tonnes for the Tanur Jaya Coal Project in East Kal ...
Monday, 26 July 10
INDONESIAN COAL PRICE REFERENCE FOR JULY 2010 IS US$ 96.65 PER TON FOB VESSEL
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Monday, 26 July 10
BHATIA INTERNATIONAL, MIGHT GRAB THE MAJORITY OF COAL SUPPLY ORDER FROM MAHAGENCO
COALspot.com: Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, has received price bids from ...
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- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- PTC India Limited - India
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
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