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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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Thursday, 08 December 11
INDIA MAY SEE 41% ANNUAL GROWTH OF ITS COAL DEMAND DURING THE NEXT 5 YEARS - ICAP SHIPPING
India’s Ministry of Coal expects that India’s coal demand may face an annual 41% rise during the next 5 years, while its coal deficit is ...
Thursday, 08 December 11
HAREDA KRIDA GETS CONTRACT FROM BAYAN - INSIDER STORIES
Insider Stories reported that, coal miner PT Bayan Resources Tbk (BYAN), through its subsidiary dubbed PT Gunungbayan Pratamacoal (GPB), has signed ...
Thursday, 08 December 11
CAPESIZES LIFT DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Capesize vessels yesterday helped lift the dry bulk market which had been falling since the start of the week on lower cargo demand. As a result the ...
Wednesday, 07 December 11
ABM INVESTAMA EYES RP6.3 TRIO REVENUE - INSIDER STORIES
Insider Stories reported that, an energy integrated company PT ABM Investama Tbk is eyeing a 1.5 folds increase in revenue this year from Rp4. ...
Tuesday, 06 December 11
DRY BULK MARKET ENDS RALLY, STARTS WEEK WITH FALL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a series of increases which saw the dry bulk market’s benchmark, the Baltic Dry Index (BDI) increasing close to 1,900 points and rates o ...
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- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- White Energy Company Limited
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Australian Coal Association
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Planning Commission, India
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
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