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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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- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- SMC Global Power, Philippines
- Minerals Council of Australia
- Indika Energy - Indonesia
- Parliament of New Zealand
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Planning Commission, India
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Australian Coal Association
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
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