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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, 25 May 10
BUMPER YEAR PREDICTED FOR INDONESIAN COAL - THE JAKARTA GLOBE
The Jakarta globe reported that, In The country’s coal output may reach 320 million tons this year, up from 300 million tons in 2009, as produ ...
Tuesday, 25 May 10
CHINA'S COAL SHIPMENTS VIA ITS MAIN PORTS RISE BY 13.1 PERCENT IN APRIL
According to the data issued by China's Ministry of Industry and Information on May 21, in April total coal shipments via China's main ports reach ...
Monday, 24 May 10
SAMTAN TO SELL KIDECO TO INDIKA ENERGY?
Insider Stories reported that, Parent company of Indonesia's coal mining contractor PT Petrosea Tbk (PTRO), PT Indika Energy Tbk (INDY) aims to boo ...
Monday, 24 May 10
INDIA'S ESSAR SHIPPING BEGIN COMMERCIAL OPERATIONS OF BULK TERMINAL AT HAZIRA
COALspot.com: Essar Shipping Ports & Logistics Ltd. commences commercial operations of Essar Bulk Terminal at Hazira, one of India's largest dr ...
Monday, 24 May 10
INDONESIAN COAL PRICE REFERENCE (HBA) FOR MAY 2010 REACHES US$ 92.07 PER TON FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has released Indonesian coal price reference (HBA) for Month of M ...
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- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
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