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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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Sunday, 20 June 10
OUR COAL: ITS DEVELOPMENT AND CONTROVERSIAL ISSUES
Indonesia’s production of coal has been growing amazingly. In the mid 1980s, national coal production was less than 1 million tons per annum, ...
Saturday, 19 June 10
STRONG DEMAND, RISING PRODUCTION SETTING SCENE FOR COAL BONANZA - THE JAKARTA GLOBE
The Jakarta globe rerported that, As the nation’s coal miners enjoy burgeoning demand from energy-hungry economies such as China and India, th ...
Saturday, 19 June 10
DRY BULK MARKET DOWN ON CHINESE SLOWDOWN FEARS
Dry bulk freight rates have been on a freefall for more than two weeks now, something which has caused the industry’s benchmark, the Baltic Dr ...
Saturday, 19 June 10
COAL INDIA KEEN ON BLOCK DEVELOPMENT IN INDONESIA - THE HINDU BUSINESS LINE
Expanding horizon
Agreement by the Indonesian Government is likely to help CIL gain foothold in India's largest sourcing point of thermal coal.
...
Friday, 18 June 10
THE PANAMAX MARKET CONTINUED ITS SOFTENING TREND - FEARNBULK
Handy
Flat Atlantic markets with most markets in ´slow mode´ due to holidays in China.
Supramax vessels open in the USG are achievi ...
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- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
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- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Energy Development Corp, Philippines
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- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Agrawal Coal Company - India
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
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- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Attock Cement Pakistan Limited
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
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- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
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- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
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- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
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