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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, 30 June 10
PTBA TO SUPPLY ADDITIONAL 180 MLN TONS OF COAL TO PLN FOR 20 YEARS
COALspot.com: Indonesia's state-owned coal mining company PT Tambang Batubara Bukit Asam Tbk (PTBA) has entered into a new contract with state owne ...
Wednesday, 30 June 10
U.S. STEAM COAL EXPORTS TO SUPPORT FREIGHT RATES
Booming North American coal exports to China, driven by the country's insatiable need for steel raw materials, will provide support to freight rate ...
Tuesday, 29 June 10
EXPORT LETTER OF CREDIT PLAN DUMPED - THE JAKARTA GLOBE
The Jakartaglobe reported that, Indonesia has canceled a proposed regulation that would have required exporters of commodities such as cocoa, coffee ...
Tuesday, 29 June 10
BUMA TO MOVE AROUND 333 MLN BCM OF OVERBURDEN IN 2010
COALspot.com: PT Delta Dunia Makmur Tbk, holding company of Indonesia's second largest coal mining contractor PT Bukit Makmur Mandiri Utama (BUMA), ...
Tuesday, 29 June 10
DRY BULK'S DOWNFALL FINALLY SHOWING SIGNS OF STABILIZATION
Although the dry bulk market has begun the week where it left off, that is on a downward note, brokers and charterers appear to be on the consensus ...
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- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Parliament of New Zealand
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
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