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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, 20 January 13
Q1 & Q4 SUB-BIT FOB INDONESIA COAL SWAPS: FIRM
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) and CFR South China coal shipment for average Q1’ 2013 delivery have gained 0.81percent and ...
Sunday, 20 January 13
S7 & S8 ROUTE FREIGHT TREND IS EXPECTED TO BE FLAT TO SOFT THIS WEEK - VISTAAR
COALspot.com - The freight market was fairly steady with all the indices BDI up by 9.21 pct closing at 837 points. The Cape index was also sharply u ...
Friday, 18 January 13
NEWLEAD HOLDINGS LTD. TO ACQUIRE TWO COAL PROPERTIES WITH ESTIMATED COAL RESERVES OF 18.6 MMT & 143.1 MMT
NewLead Holdings Ltd. Announces Signing Agreement to Acquire Properties with Estimated Coal Reserves of 18.6 Million Tons; Signing Agreement to Acqu ...
Friday, 18 January 13
DRY BULK MARKET ON THE RISE, ON STRONG DEMAND FOR CAPESIZE VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has continued its climbing trend yesterday, as the industry's benchmark, the Baltic Dry Index (BDI) was up by 39 points to 820. ...
Friday, 18 January 13
CAPESIZE : SIGNALS ARE MIXED BUT THE OVERALL TENDENCY IS POSITIVE - FEARNLEYS
Handy
The Atlantic market remained stable with USG-Feast fixed around USD 17k, according to fearnleys’s weekly report.
Continent / Medite ...
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- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Eastern Coal Council - USA
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
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