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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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Saturday, 17 July 10
BULLISH OUTLOOK FOR COKING COAL - MINING MX & HELLENIC SHIPPING
Mining Mx reported that, the coking coal market has better long-term fundamentals than the iron ore market, according to a recent research rep ...
Friday, 16 July 10
CHINA EXPORTS 10.14 MILLION TONNES OF COAL IN H1 OF 2010
China exported 10.14 million tonnes of coal in the first half of this year, down 13.1% compared with the corresponding period of last year, accordin ...
Thursday, 15 July 10
SMC TO PURSUE MINDANAO COAL MINING PROJECTS
Philippine Daily Inquirer reported that, DIVERSIFYING CONGLOMERATE San Miguel Corp. is inclined to pursue its coal mining projects in Mindanao ...
Thursday, 15 July 10
ADANI ENTERPRISES WILL BUY $1 BILLION COAL MINE FROM LINC ENERGY - TOP NEWS
Top News reported that, Adani Enterprises has almost managed to obtain a coal mine from Linc Energy for $1 billion in Queensland, Australia. This mi ...
Thursday, 15 July 10
ADANI TO DEVELOP COAL EXPORT TERMINAL IN AUSTRALIA - BUSINESS STANDARD
Business-Standard reported that, The Adani Group, promoter of Mundra Port and Special Economic Zone (MPSEZ), today said it has been selected as the ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
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- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
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- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
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- Singapore Mercantile Exchange
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- Australian Coal Association
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- Latin American Coal - Colombia
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- Tamil Nadu electricity Board
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- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- The University of Queensland
- Kobexindo Tractors - Indoneisa
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- GAC Shipping (India) Pvt Ltd
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- Bukit Makmur.PT - Indonesia
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- Economic Council, Georgia
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- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
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- The Treasury - Australian Government
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- Bhoruka Overseas - Indonesia
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- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- PTC India Limited - India
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
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- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Minerals Council of Australia
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
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