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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, 29 January 11
ANTAM ACQUIRES SAROLANGUN COAL MINING
According to Insider Stories, Nickel and gold miner PT Aneka Tambang Tbk (Antam) of Indonesia via its subsidiary PT Indonesia Coal Resources (ICR) h ...
Friday, 28 January 11
MPM SEEKS 40K TONS OF INDONESIAN COAL
An Indian paper producer Mysore Paper Mills Ltd., based in Bangalore is looking for 40,000 metric tons of non-coking coal of Indonesian o ...
Friday, 28 January 11
TRADING PERMIT DELAYS THREATEN EXPORTS - THE JAKARTA GLOBE
The Jakarta Globe reported that, an ongoing wrangle over licenses for mining traders could hurt investment, a coal mining association chief said on ...
Friday, 28 January 11
DRY BULK MARKET CLOSING IN TOWARDS CRISIS LEVELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The trials and tribulations of the dry bulk market seem to have no end during the first month of 2011, as the industry’s benchmark, the Baltic ...
Wednesday, 26 January 11
ADANI TO SET-UP RAIL, PORT AND POWER PROJECTS IN INDONESIA - MONEYCONTROL
Moneycontrol reported that, Adani Enterprises, the flagship company of India’s infrastructure conglomerate the Adani Group, today announced th ...
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- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- The University of Queensland
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Planning Commission, India
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
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