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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 $1 billion, state reports.
South Africa and Colombia, which last year were the biggest exporters of steam coal to countries with ports on the Atlantic Ocean, are also boosting shipments to India where they get better prices.
Source:Industry Tracker
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Sunday, 18 March 12
BUKIT ASAM'S NET PROFIT IN 2011 ROSE 54% TO US$ 339.56 MILLION
COALspot.com - Company revenue for the period January - December 2011 amounting to Rp 10.6 trillion (approximately US$ 1,164,835,164.84) recorded an ...
Saturday, 17 March 12
THE FREIGHT RATES FOR INDONESIA TO INDIA REMAINED FIRM - VISTAAR SINGAPORE
COALspot.com - The market continued to be firm and all segments were up except for Cape Index which was down by 2.46 pct closing at 1,466 points.
...
Saturday, 17 March 12
INDIAN GOVT FINALIZES DRAFT BILL FOR COAL REGULATOR - PTI
The coal sector would soon get a regulator as the government has finalised a draft bill for the purpose, Coal Minister Sriprakash Jaiswal said Wedne ...
Friday, 16 March 12
THE PACIFIC MARKET IS FIRMING UP - FEARNLEYS AS
Handy
A slightly positive trend was seen last week in the Atlantic. Skaw-Passero deliveries fixed around USD 3k to US Gulf, while US Gulf deliveres ...
Thursday, 15 March 12
RAINS AVERAGE SELLING PRICE OF COAL WENT UP BY 22 % IN 2011
COALspot.com - PT. Resource Alam Indonesia Tbk, an Indonesian CCoW (3rd Generation) holder reported Wednesday a 171 percent increase in net profits ...
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- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PTC India Limited - India
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- The University of Queensland
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
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