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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, 28 November 10
FREIGHT MARKET SEEMS TO BE NERVOUS - VISTAAR
COALspot.com - The freight market continued to remain uncertain even though only cape index was down by 8.31 pct.
Overall the market seems to be ...
Friday, 26 November 10
INDIA WILL IMPORT 100 MLN TONS OF COAL BY 2012 - LAKSHMINARAYANA
COALspot.com – “India’s coal shortfall will reach 100 million mt by 2011-12”, said Lakshminarayana, Vice Preside ...
Friday, 26 November 10
CHINAS COAL INVENTORY STAYS HIGH FOR 22 MONTHS AT 220 MLN T, ASSOCIATION
Xinhua News Agency reported that, China’s coal inventory has stayed high and unchanged for 22 months to be around 220 million tonnes, reflecti ...
Friday, 26 November 10
DR WOLFGANG CIESLIK TO HEAD GERMAN COAL IMPORTERS ASSOCIATION
COALspot.com – (Press Release): The Management Board of the German Coal Importers Association (Verein der Kohlenimporteure e.V.) has elected D ...
Thursday, 25 November 10
ANALYSIS: COAL SECTOR: VALUE EMERGENCE - THE JAKARTA POST
Coal demand will remain firm due to a build-up of coal-fired power plants in India, China and Indonesia. As a result, we have upgraded our coal pric ...
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- Wilmar Investment Holdings
- Makarim & Taira - Indonesia
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- Parliament of New Zealand
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Planning Commission, India
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Economic Council, Georgia
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- The University of Queensland
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
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