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Tuesday, 10 August 10
COAL CONSTRAINS CORE SECTOR GROWTH IN JUNE 2010
 Growth in the six key infrastructure sectors decelerated for the third month in June. This is primarily due to last year’s high base effect. During April-June 2010, the output rose 4.6% compared to 4.3% in the year-ago quarter.
Coal production, which declined 0.4%, was the biggest drag on the core sector output in the June quarter. Weak growth in coal production in the recent months is a consequence of lower coal offtake. Coal India — India’s largest coal producer — claims it has not been able to get enough rail wagon combinations or rakes to transport the mined coal. Shortage of rail wagons is also resulted in imported coal lying idle in ports. This is likely to affect power, steel and cement sectors as coal is one of the key materials used by these industries.
Crude oil production rose 5.9% during the quarter, mainly due to higher output by private and JV companies, including RIL. Refinery output grew 5.3% on the back of resurgent energy demand in a recovering global economy.
Growth in cement production also moderated to 7% from 12.1% during the year-ago quarter. A better mon-soon in the current year compared to the previous year also led to lower demand for cement by the construction sector. Also, with the Commonwealth Games around the corner, demand for cement from this segment is largely over.
Steel production remained robust on the back of high demand from end use industries like automobiles and capital goods.
As part of the annual plan 2010-11, the planning commission has projected all India demand of coal at 656.31 million tonnes against which the indigenous supply plan is envisaged at 573.42mt with a demand-supply gap of 82.89mt.
Insufficient/poor coal supplies have resulted in a raw material shortage for the power and cement industries. India’s thermal coal imports surged last year to a little less than 60mt from about 30mt in 2008, according to a report by the Macquarie Group. India plans to almost double its power generation capacity by 2012, when the shortage of coal will exceed 200mt.
In order to bridge the demand-supply gap of thermal coal in the country, Coal India plans to import 8mt of thermal grade coal for supplies to NTPC in 2010-11. However, in the absence of adequate infrastructure and expertise in international trade, CIL had nominated MMTC to import on its behalf.
Importing coal is more expensive for India but it is forced to do so, not for the want of reserves, but for the speed at which reserves are developed in India. Commercialising a mine can take 15 years — three times longer than in other countries, according to KPMG.
Buying Overseas
India has traditionally looked to Indonesia for imports. Rising domestic demand there and the large volumes involved are prompt-ing Indian companies to look further at mines in Mozambique, Botswana and Australia.
Private power companies — including Tata Power, Reliance Power, GMR Infrastructure and JSW Energy — have acquired coal assets overseas in Indonesia and South Africa. NTPC, the state-owned company, plans to buy mines overseas to source 67% of its imports.
While NTPC plans to directly import coal, cement makers, including ACC, Grasim and Jaypee Cement, have directed Adani Enterprises to import coal for them. Adani plans to import 4 lakh tonnes from Australia’s Linc Energy for Australian $1 billion, state reports.
South Africa and Colombia, which last year were the biggest exporters of steam coal to countries with ports on the Atlantic Ocean, are also boosting shipments to India where they get better prices.
Source:Industry Tracker
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Thursday, 06 October 11
REALM SECURES 51% OF KATINGAN RIA COAL PROJECT IN CENTRAL KALIMANTAN
•Realm secures 51% of PT Katingan Ria Thermal Coal Project in Central Kalimantan
•Realm takes ownership of Kalres Limited
•Acquisit ...
Thursday, 06 October 11
SOUTH EAST ASIAS AGGRESSIVE POWER DEMAND GROWTH WILL REQUIRE INVESTMENT OF US$125 BN BY 2020 - WOOD MACKENZIE
COALspot.com - Wood Mackenzie says that South East Asia’s demand growth for new power generation is so aggressive that new power generation in ...
Thursday, 06 October 11
CHINESE DEMAND FOR COAL IMPORTS TO MODERATE IN 2012 - MISWIN MAHESH
COALspot.com - We expect Chinese demand growth for imported steam coal to moderate over the next year. Steam coal imports into China will modera ...
Wednesday, 05 October 11
MINISTRY STICKING TO RAW COMMODITY EXPORT BAN DESPITE INDUSTRY FEARS - JG
The Jakarta Globe, the one of the leading English news paper in Indonesia, reported that, the details of a controversial new regulation that would b ...
Wednesday, 05 October 11
ATLANTIC AND PACIFIC BASINS BECAME TIGHTER FOR PANAMAX LAST WEEK - BRS
A slump for both the Capes and Panamaxes sent the BDI down 1% this week, falling to 1,899 points.
The Capes saw the greatest movement, sliding - ...
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- Cement Manufacturers Association - India
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- The University of Queensland
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
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