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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, 12 November 11
BBJ WILL RELEASE A COAL CONTRACT
Jakarta Futures Exchange will soon release a coal futures contracts during the quarter 1 / 2012.
Director of the Jakarta Futures Exchange (BBJ) S ...
Saturday, 12 November 11
DRY BULK MARKET REGAINS SOME OF THE LOST GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market managed to edge forward yesterday, putting an end and halting the losses accumulated over the course of the past weeks, which ha ...
Friday, 11 November 11
PETROCOM ENERGY PLANS $40M TO BUILD COAL PLANT IN CILEGON - JP
The Jakarta Post reported that, Hong Kong-based Petrocom Energy Ltd has unveiled plans to invest up to US$40 million on a proposed coal-blending fac ...
Friday, 11 November 11
GOVT WAITS LEGAL DECISION ON BUKIT ASAM, ADARO DISPUTE - JP
The Jakarta Post reported that, The government says that it will not interfere in the settlement process of the dispute between state coal miner PT ...
Thursday, 10 November 11
INDONESIAN REFERENCE COAL PRICE FELL AGAIN
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the November 2011 Indonesian Coal Reference Price for thermal coal at U ...
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- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Eastern Coal Council - USA
- The Treasury - Australian Government
- MS Steel International - UAE
- Thai Mozambique Logistica
- Economic Council, Georgia
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Minerals Council of Australia
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- Planning Commission, India
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
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