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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, 07 January 11
SRI LANKA NEW PORT TO OFFER SHIP FUEL IN MAY - LBO
LOB reported that, The Sri Lanka Ports Authority (SLPA) plans to start bunkering or ship fuel operations at a new port in southern Hambantota in May ...
Friday, 07 January 11
DRY BULK MARKET ON A FREEFALL, AS THE NEW YEAR EARLY DAYS DONT BRING MANY CHEERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is facing its worst slump in more than two years, falling by 4.75% yesterday to reach 1,544 points, on top of an additional 4.2% ...
Thursday, 06 January 11
OVERSEAS & GENERAL SIGNS AGREEMENT TO EXPAND FOOTPRINT ON COAL LEASE IN INDONESIA - PROACTIVE INVESTORS
Proactive Investors reported that, Overseas & General (ASX: OGL) has entered into a joint operating agreement on the Jambi Coal Lease in Sumatra ...
Thursday, 06 January 11
BANPU EXPECTS ROSY 2011 AS COAL PRICES SKYROCKET - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, expects minimal impact from the production stoppage at its Daning mine in China ...
Thursday, 06 January 11
COKING COAL CONTRACT PRICE MAY RISE 33% ON AUSTRALIAN FLOODS - BLOOMBERG
Bloomberg reported that, Steelmakers in Asia may be forced to pay as much as 33 percent more for hard coking coal after the worst floods in 50 years ...
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- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- The University of Queensland
- The Treasury - Australian Government
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
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