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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, 09 June 13
IRON ORE DEMAND: WEAK; COAL MOVEMENT: STEADY TO INDIA AND CHINA - CAPT. REDDY
COALspot.com - The freight market was fairly steady with BDI up by 0.37 per cent closed at 812 points this week.
The Cape index was also ended in ...
Friday, 07 June 13
MEDITERRANEAN COAL MARKETS
Press Release: 3rd International Conference Mediterranean Coal Markets will be held on 16-17th of September 2013, Istanbul, Turkey, Ceylan Intercont ...
Friday, 07 June 13
US'S COAL PRODUCTION INCREASED BY 0.54 PER CENT THE WEEK ENDED JUNE 1
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 18.60 million short tons (mmst) of ...
Thursday, 06 June 13
WE ARE SEEING SOME FRESH INDO COAL TO CHINA AND INDIA - FEARNRESEARCH
Handy
In the Atlantic, the Gulf remains firm for the next week with a few orders in the market. The Supramaxes are seeing around low 20k for fronth ...
Wednesday, 05 June 13
DON'T AVOID PAYING COAL ROYALTY TO THE GOVERNMENT - INDONESIAN ENERGY MINISTER
COALspot.com – “Every country has the right to make policies to protect their national interests”, Energy and Mineral Resources Mi ...
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- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
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