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Wednesday, 11 August 10
BRAZILIAN GIANT VALE LOOKING TO BOOST ITS COAL OUTPUT
 BRAZILIAN mining giant Vale is not content with being the world's largest iron ore miner. The miner is banking on ambitious growth plans to see it emerge as a top-three player in the coal market Global coal managing director Decio Amaral, sent to Australia in January to drive the aggressive growth plans, is optimistic the world's second largest miner can cement a firm position in the coal sector, using Australia as the place to implement the strategy.
"We are happy with our iron ore assets and we are working hard to develop the coal projects to be in the same position," he said. "In terms of the seaborne coal market, I see Vale becoming the third major player."
Coal represents about 2 per cent of Vale's total revenue but the mining major is pouring 7 per cent of its $12 billion capital expenditure plans into its emerging coal portfolio.
"We see a bright future for coal," Mr Amaral said.
He said Australia would be the centre for expanding its coal division, which includes interests in Colombia and Mozambique.
"Vale has a lot of knowledge in iron ore, but not as much in coal. So Australia is important, not just because of the opportunities and growth you have here, but because of the knowledge you have here," he said.
The heated political debate and renewed fight between the smaller miners and the Labor Party over its mining-tax policy has not deterred Vale from its Australian coal plans, despite the projects falling under the scope of the proposal.
"When I look at our coal business, I look at portfolio management and we have three different geographies to look at. So in terms of portfolio it does not affect us," Mr Amaral said.
He said the new tax deal, designed by BHP Billiton, Rio Tinto and Xstrata with Julia Gillard after she ousted Kevin Rudd from the top job, was an improvement on the original super-profits tax.
"It's not that I'm happy about tax but our portfolio is strong enough to cope with it," he said.
"The first version was really bad and the second one is one you can live with if you have a good project."
Australia's coal sector has been the centre of corporate activity, with deals signed and new ones mooted, as the outlook for the steel feed continues to be extremely positive.
But don't expect Vale's name to appear as the suitor of NSW miner Whitehaven Coal -- in play and said to the target of numerous predators -- or at the centre of any consolidation in the local industry.
Mr Amaral's plans are bigger than what's on offer and he sees organic growth as the main focus for the Brazilian giant.
"We are much more focused on organic growth and are investing $32 million on coal exploration in Australia, which is the most cost-effective way to develop the group," he said.
"There has been some consolidation in Australia but for the size of the projects that we like, the premium that you have to pay compared with the potential we have in our own portfolio does not justify it."
Source: The Australian / Hellenic Shipping
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Wednesday, 15 June 11
DRY BULK MARKET WEAKENS AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite this time of year traditionally being one of the busiest for the dry bulk market, it seems that in the post-crisis era trade patterns are co ...
Monday, 13 June 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 1.2 PERCENT IN JUNE
COALspot.com - The Ministry of Energy & Mineral Resources sets coal spot price benchmark for June 2011 at US$ 119.03 per ton, higher than US$ 1. ...
Sunday, 12 June 11
THE FREIGHT MARKET IS LIKELY TO BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com - The freight market continued to soften this week except for Panamax index. The BDI was down by about 4.77 pct and closed at 1,418 poi ...
Friday, 10 June 11
DRY BULK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
This week has offered dry bulk ship owners no real reason to smile, as the industry’s benchmarket, the Baltic Dry Index (BDI) has been steadil ...
Friday, 10 June 11
BUKIT ASAM RECORDED RP1.3 TRILLION PROFIT IN MAY - TEMPO INTERACTIVE
Tempo Interactive reported that, PT PT Tambang Batubara Bukit Asam Tbk (PTBA) made a net profit of Rp 1.3 trillion (approx. US$ 152,779,410) at the ...
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- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- The University of Queensland
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
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