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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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Saturday, 21 July 12
THE FREIGHT RATES ARE EXPECTED TO BE FLAT TO SOFT NEXT WEEK - VISTAAR
COALspot.com - The freight market was soft this week as all the segments were down.
The BDI was down by 6.58 pct closing at 1,037 points and the ...
Saturday, 21 July 12
INDONESIAN COMPANIES ABM INVESTAMA AND AVRA ASIA WORK OUT LONG-TERM CONTRACT - THE JAKARTA GLOBE
The Jakarta Globe, one of the leading English news papaer in Indonesia reported that, ABM Investama, a company with diversified interests in coal mi ...
Friday, 20 July 12
INDONESIA-INDIA SUPRAS BEING FIXED AT $ 10K
Handy
After a stable last week, the Handysize market has experienced softening rates in the Atlantic. Ships are ballasting from India into the Atla ...
Friday, 20 July 12
HANDYSIZES PROVE RATHER ATTRACTIVE AMONG OTHER SHIPS, IN TERMS OF FUTURE RETURNS ON INVESTMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Handysize segment of the dry bulk market appears to offer the best incentive among other ship types, for a ship owners to invest in, says Interm ...
Wednesday, 18 July 12
TAIWAN POWER COMPANY TO IMPORT 0.588 MILLION TONS OF LOW ASH AND EXTRA LOW SULFUR SUB-BITUMINOUS COAL
COALspot.com - Taiwan Power Company intends to procure 588,000 MT tons of extra low sulfur sub-bituminous coal for Taipower thermal power plant thro ...
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- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- The University of Queensland
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
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