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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, 02 June 10
PLN TO DEVOUR 133 PERCENT MORE COAL IN NEXT FIVE YEARS
The Jakarta globe reported that, State electricity company PT Perusahaan Listrik Negara will more than double the amount of coal it uses over the ne ...
Tuesday, 01 June 10
LANCO INFRATECH PLANS POWER PROJECTS IN COASTAL REGIONS
My digital reported that, Hyderabad-based Lanco Infratech will set up power projects in coastal regions based on imported coal. The company is ...
Monday, 31 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE SHORTENS
Business week reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in powe ...
Saturday, 29 May 10
FREIGHT MARKET SEEMS TO BE STABILIZING - CAPT. REDDY
COALspot.com: The week was clearly for Cape which went up by almost 21 pct . The BDI was up only by 6 pct.
The other sectors were under pressure ...
Friday, 28 May 10
BERAU COAL GROUP SEEKS US$ 700 M LOAN
PT Bukit Mutiara has decided to revise down its bond issue from US$600 million to US$400 million. In total, it is seeking US$700 million of debt, co ...
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- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Australian Coal Association
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- The University of Queensland
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
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