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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 $1 billion, state reports.
South Africa and Colombia, which last year were the biggest exporters of steam coal to countries with ports on the Atlantic Ocean, are also boosting shipments to India where they get better prices.
Source:Industry Tracker
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Thursday, 09 December 10
INDONESIAN COAL PRICE REFERENCE REACHED US$ 103.41 PMT FOR DECEMBER DELIVERY
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Thursday, 09 December 10
DRY BULK MARKET LOOKING FOR DIRECTION THIS WEEK, AS CAPESIZE SHIPS END THEIR MISFORTUNES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk has began the week on a positive note capitalizing on the positive sentiment which finally prevailed during the last days of the previo ...
Monday, 06 December 10
NTPC MAY OPT FOR INDONESIA OVER AFRICA, OZ FOR COAL MINES
Country's largest power producer NTPC, which is scouting for coal properties abroad to fuel its power plants back home, may zero in on Indonesia fo ...
Saturday, 04 December 10
INDONESIA TO INDIA AND CHINA SEA FREIGHT UP BY ABOUT US$ 2.50 PMT - CAPT. REDDY
COALspot.com - The freight market even though remained weak, but towards end of the week the market seemed to firm up.
The BDI was almost at sam ...
Saturday, 04 December 10
OFF WEST COAST OF INDIA TONNAGE IS SEEMINGLY QUITE SPARSE - FEARNBULK
Handy
The Atlantic markets are weak and remained unusually calm after the Thanksgiving ...
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- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Planning Commission, India
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- The University of Queensland
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Economic Council, Georgia
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
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