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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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Saturday, 08 January 11
DIFFICULT YEAR FOR SHIPPING - TRANSPORT WEEKLY
Transport Weekly reported that, Shipping Corporation of India (SCI) chairman Sabyasachi Hajara says 2011 will be a difficult year because an excess ...
Saturday, 08 January 11
AUSTRALIAN FLOODS MAY BOOST RIS COAL SALES - THE JAKARTA POST
The Jakarta Post reported that, Floods inundating Queensland have disrupted Australian coal production, and in turn may offer opportunities for Indo ...
Saturday, 08 January 11
GOVERNMENT REMAINS CAUTIOUS OVER FOREIGN INVESTMENT IN MINING SECTOR - THE JAKARTA GLOBE
The Jakarta Globe reported that, The government expects $3.2 billion of investment to flow into the mining sector this year as foreign investors tur ...
Friday, 07 January 11
14 LARGE-SCALE COAL BASES TO BE BUILT DURING 12TH FIVE-YEAR PLAN - GLOBAL TIMES
During the Twelfth Five-Year Plan period (2011-2015), China aims to build 14 large-scale coal bases, and annex and restructure 20 coal bases in orde ...
Friday, 07 January 11
JSW ENERGY LTD OF INDIA IS LOOKING FOR 45 MILLION TONS OF STEAM COAL FOR 25 YEARS
COALspot.com - Supply of 1.80 mmt (+/- 10%) of steam coal per annum for power plants at Toranagallu and Jaigad.
Accordign to JSWE's websit ...
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- Mjunction Services Limited - India
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- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
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- Directorate Of Revenue Intelligence - India
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- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
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- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
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- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
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- Coal and Oil Company - UAE
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- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- MS Steel International - UAE
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- Salva Resources Pvt Ltd - India
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- Ministry of Transport, Egypt
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- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
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- Economic Council, Georgia
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- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
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- Maheswari Brothers Coal Limited - India
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- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
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- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
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- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
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- TeaM Sual Corporation - Philippines
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- Therma Luzon, Inc, Philippines
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- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
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- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
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- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
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- Ind-Barath Power Infra Limited - India
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- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
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- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
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