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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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Saturday, 07 May 11
BERAU INKS DEALS WITH CHINESE FIRMS AS COAL WEATHERS COMMODITIES STORM - THE JAKARTA GLOBE
The Jakarta Globe reported that, Berau Coal, one of the country’s largest coal miners, has signed sales contracts with two Chinese companies a ...
Saturday, 07 May 11
SUPRAMAXES ARE AT AROUND $ 13,500-14,000 PER DAY FOR SINGLE TRIPS
COALspot.com - The freight remained fairly steady this week with the BDI up by 71 points and closing at 1,340 points, said Capt. Reddy, the director ...
Saturday, 07 May 11
COAL PRODUCTION MAY REACH 95M TONS IN SECOND QUARTER - THE JAKARTA POST
The Jakarta Post reported that, Indonesian miners are projected to produce around 95 million tons of coal in the second quarter of this year after l ...
Friday, 06 May 11
BUKIT ASAM TO CLOSE COAL TAKEOVER IN Q2 - INSIDER STORIES
The state-controlled PT Tambang Bukit Asam Tbk (PTBA) expects to complete acquisition of two coal mining companies from four companies which is now ...
Thursday, 05 May 11
SUPRAS IN NORTH CHINA ARE GETTING CLOSE TO $ 13K FOR INDO-INDIA
Handy
The Atlantic market is stable/flat with positive undertone meaning more enquiries hitting the market today. Lack of prompt vessels. Trips to ...
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- The University of Queensland
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Makarim & Taira - Indonesia
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
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