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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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Monday, 06 August 12
3RD ANNUAL INDONESIA POWER
Press Release - 3rd Annual Indonesia Power is Indonesia’s premier power event, where commercial opportunities and new projects are identified. ...
Monday, 06 August 12
COAL EXPORTS COULD ADD $2B TO $6B ANNUALLY TO U.S. ECONOMY - HELLENIC SHIPPING
Business groups backing Pacific Northwest coal export proposals on Thursday lauded a new report that claims increased U.S. coal exports could bring ...
Sunday, 05 August 12
SUB-BIT INDONESIA COAL SWAPS ARE WAY UP
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for September 2012 delivery gain 1.36 percent on Friday (3 August 2012) closing W-o-W but gained& ...
Sunday, 05 August 12
INDONESIA'S ADARO TRIMS PRODUCTION FORECAST, CITES BAD ECONOMY - THE JAKARTA GLOBE
The Jakarta globe reported that, Adaro Energy, the country’s second-largest coal producer, has cut its annual production forecast to between ...
Sunday, 05 August 12
DRY BULK FREIGHT MARKET TO STAY WEAK NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com - The freight market continued to soften further in all segments.
The BDI was down by 8.68 pct closing at 852 points. The cape index ...
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- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Romanian Commodities Exchange
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
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