We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Sunday, 09 December 12
LOW DEMAND PUSHES CHARTER RATES TOWARDS DOWN - VISTAAR
COALspot.com - The freight market has softened and BDI, The Baltic Dry Index, a measure of shipping costs for dry bulk goods, plunged below 10 ...
Friday, 07 December 12
A NEW PHASE FOR AUSTRALIAN RESOURCES - A FITCH STREET INTERVIEW
This week Matt Jamieson spoke with Andrew Colquhoun in Fitch's Asian sovereign rating team, and Vicky Melbourne, Fitch's commodity analyst based i ...
Friday, 07 December 12
SHIPPING INDUSTRY LOOKING ON YET ANOTHER TOUGH YEAR AS WE APPROACH 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With shipping finance "on the ropes" as traditional lenders appear to be cutting their losses and tonnage oversupply still the most import ...
Thursday, 06 December 12
PANAMAX : THE POSITIVE VIBES IN THE ATLANTIC REMAINS - FEARNLEYS AS
Handy
The Atlantic market is still depressed with dearth of cargoes and more ships. The trips from Continent to Feast fixed around USD 12k. Trips f ...
Thursday, 06 December 12
STRONG CHINESE DEMAND FOR DRY BULK COMMODITIES EXPECTED FOR 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A new analysis from BIMCO released yesterday suggests that 2013 is expected to be a stronger year in terms of China's "hunger" for commod ...
|
|
|
Showing 4471 to 4475 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Marubeni Corporation - India
- VISA Power Limited - India
- SMG Consultants - Indonesia
- White Energy Company Limited
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Minerals Council of Australia
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
|
| |
| |
|
