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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 $32 million on coal exploration in Australia, which is the most cost-effective way to develop the group," he said.
"There has been some consolidation in Australia but for the size of the projects that we like, the premium that you have to pay compared with the potential we have in our own portfolio does not justify it."
Source: The Australian / Hellenic Shipping
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Friday, 22 April 11
DRY BULK MARKET KEEPS FALLING, NOW AT TWO-MONTH LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market seems unable at the moment to recover from the weight of newbuilding deliveries, resulting in too many ships competing for fewer ...
Wednesday, 20 April 11
TNPL SECURED 160K MT OF COAL WITH CALORIFIC VALUE 6000 GAD AT US$ 93.44 PMT
COALspot.com - Delhi based Knowledge Infrastructure Systems Pvt. Ltd once again offered the lowest price of US$ 93.44 per metric ton for calorific v ...
Wednesday, 20 April 11
TSI LAUNCHES GEO-COAL UPGRADING TECHNOLOGY
Simple yet effective process boosts calorific value of low rank coal to provide lower cost energy across the world.
Press Release - Total Sinergy ...
Wednesday, 20 April 11
ADARO TO PAY OUT RP 970B IN DIVIDENDS - THE JAKARTA POST
The Jakarta Post reported that, the annual shareholders meeting of coal producer PT Adaro Energy on Wednesday agreed on the disbursement of Rp 970.7 ...
Wednesday, 20 April 11
INDIA IMPORTS MORE COAL FROM INDONESIA
COALspot.com - Indonesian coal exports jumped 23.31 percent during March 2011. The world’s largest coal exporter shipped 27, ...
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- Sical Logistics Limited - India
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- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
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- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
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- Medco Energi Mining Internasional
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- The University of Queensland
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- Global Coal Blending Company Limited - Australia
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- Singapore Mercantile Exchange
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- Minerals Council of Australia
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- Agrawal Coal Company - India
- The Treasury - Australian Government
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
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- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
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- New Zealand Coal & Carbon
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- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
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- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
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- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
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- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
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- Tamil Nadu electricity Board
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- Georgia Ports Authority, United States
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- Orica Australia Pty. Ltd.
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- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
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- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
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- Kepco SPC Power Corporation, Philippines
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- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
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- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
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- Toyota Tsusho Corporation, Japan
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- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
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- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
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- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
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- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
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