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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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Sunday, 21 November 10
THE FREIGHT MARKET MAY SLIGHTLY FIRM UP NEXT WEEK - CAPT. REDDY
COALspot.com: The freight market continued its down fall with BDI down by 6.83 pct and closed at 2,155 points.
According to Vistaar Shipping of S ...
Saturday, 20 November 10
ITALIAN STEAM COAL MARKET HAS RECOVERED - ITALIAN COAL ASSOCIATION
Press Release - This year Italy will import 17 million tons of steam coal, up 3% from 2009, and 5.5 million tons of coking coal and PCI, up 37% over ...
Friday, 19 November 10
WE'LL THINK ABOUT COAL TOMORROW - ANALYSIS
The future of coal generation in Russia is in question. The largest energy companies have abandoned their initial plans to switch their therma ...
Friday, 19 November 10
DRY BULK MARKET ON THE ROPES WITH BDI PLUNGING TO 2,164 POINTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the panamax markets suffering the most this week, but a ray of hope for the capesize market, which appears to be stabilizing after days of fall ...
Thursday, 18 November 10
WORLD COAL ASSOCIATION WELCOMES NEW CHAIRMAN & SHENHUA GROUP AS NEW MEMBER 17 NOVEMBER 2010
Press Release – The premier global coal industry association marks its 25th anniversary with a new Chairman and welcomes China’s lar ...
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- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- The University of Queensland
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- MS Steel International - UAE
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
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