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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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Monday, 13 September 10
CIL IN TALKS WITH SHIPPING CORP TO FORM JV FOR COAL IMPORTS
Shipping Corporation of India, the largest domestic shipping liner, may form a joint venture with Coal India for coal imports, a top company officia ...
Monday, 13 September 10
FREIGHT MARKETS MAY BE A BIT SOFT THIS WEEK - VISTAAR SINGAPORE
COALspot.com: The freight market continued its upward trend with the BDI almost touching 3000 points. However the uncertainty seems to continue with ...
Friday, 10 September 10
INDONESIAN RAILWAY CONTRACT STILL UP FOR BIDDING - LOGISTICS WEEK
The tender process for a $2.2bn project to build a coal-transporting railway line in Central Kalimantan province, Indonesia, is still underway and n ...
Friday, 10 September 10
WCI INTO CHINA WITH IRON ORE ARE AIMING AROUND $ 20K - FEARNBULK
Handy
The rates are firm in every corner of the world. However it still looks Atlantic/Baltic/Black Sea offer better employment opportunities for ...
Thursday, 09 September 10
INDIANS BALCO TO BUY 50 K OF 3,000 TO 4,500 GAR CALORIFIC VALUE COAL
COALspot.com: Bharat Aluminium Company Limited (BALCO) is a subsidiary of Sterlite Industries (India) Limited and part of Vedanta Resources PLC, a L ...
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- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- White Energy Company Limited
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- Economic Council, Georgia
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- VISA Power Limited - India
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Parliament of New Zealand
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
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