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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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Sunday, 23 January 11
THE AVERAGE CHARTER RATE FOR CAPE SIZE VESSELS WAS AT $ 8,859 PD ALMOST CLOSE TO 2008 LOWS - VISTAAR
COALspot.com - The BDI continues to drop and saw a drop of about 5 pct this week closing at 1,370 points. “ In May 2010 the BDI touched ...
Saturday, 22 January 11
POSSIBLE COAL EXPORT RESTRICTIONS ON INDONESIA UNLIKELY TO AFFECT CHURCHILL MINING - PROACTIVE INVESTORS
Proactive Investors reported that, Churchill Mining moved to reassure investors after a fall in its share price, stating that from talks with the au ...
Thursday, 20 January 11
INDONESIA MAY BAN LOW-QUALITY COAL EXPORTS FROM 2014 - BLOOMBERG
Bloomberg reported that, The Indonesian government plans to ban exports of coal with an energy value of less than 5,600 kilocalories a kilogram star ...
Thursday, 20 January 11
SUPRAS ARE DOING USD 7- 8K FOR INDONESIA-INDIA - FEARNBULK
Handy
Negative sentiment for forward positions in the Atlantic market due to lack of cargo availability and too many ballasters from the East. Con ...
Thursday, 20 January 11
ITMG TARGETS TO PRODUCE 25 MILLION TONS OF COAL THIS YEAR - BISNIS INDONESIA
Bisnis Indonesia reported that, Coal producer PT Indo Tambangraya Megah Tbk (ITMG) targets to produce 25 million tons of coal this year, a 13. ...
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- Marubeni Corporation - India
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Australian Coal Association
- Parliament of New Zealand
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
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