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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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Thursday, 25 November 10
INDONESIAN ROUNDS ARE ACHIEVING IN THE LOW 10S, OWNERS ARE NOT KEEN FOR TRIPS TO INDIA - FEARNBULK
HANDY
Uneventful week - Supra/Panamax stems ex USG to China/Korea/Japan are the main focus + grains ex. Argentina. The Atlantic market activity re ...
Thursday, 25 November 10
JSW ENERGY BUYS CANADIAN COAL FIRM FOR $411 MN - NDTV PROFIT
NDTV Profit reported that, Sajjan Jindal-owned JSW Energy on Wednesday said it has entered into an agreement to buy out British Virgin Islands-based ...
Thursday, 25 November 10
DRY BULK MARKET STILL GOING STRONG THIS WEEK, CAPESIZE SECTOR LOSING STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept its upward momentum yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI) gaining a further 0.64% to e ...
Wednesday, 24 November 10
COAL PRODUCTION PREDICTED TO CLIMB IN SUNNIER 2011 - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s coal producers are expected to increase output by 13 percent in 2011, thanks to predicted better ...
Monday, 22 November 10
RUSSIA'S KTK HAS PRODUCED 4.59 MLN TONNES OF COAL IN FIRST 9 MONTHS OR AN INCREASE OF 5% YEAR-ON-YEAR
COALspot.com (Press Release) - KTK has produced 4.59 mln tonnes of coal in first nine months or an increase of 5% year-on-year.
Kuzbasskaya Topli ...
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- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Parliament of New Zealand
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
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