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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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Wednesday, 01 September 10
JAKARTA TO HOST MAJOR INTERNATIONAL MINING EVENT
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
Tuesday, 31 August 10
CIL MAY SET UP POWER PLANT TO UTILIZE EXCESS COAL
The Economic Times reported that, the world's largest coal producer Coal India Ltd (CIL) said it may consider setting up power plants in the countr ...
Tuesday, 31 August 10
NALCO SEEKS STAKES IN INDONESIAN COAL MINES
Economic Times reported that, National Aluminium Co. Ltd said on Tuesday it wants to buy stakes in Indonesian coal mines to secure supplies fo ...
Tuesday, 31 August 10
CAPESIZE RATES ON VOLATILE MOVEMENT
With Monday a holiday for London’s stockmarket (Bank Holiday), the dry bulk market took a breather before presenting ship owners and charterer ...
Monday, 30 August 10
MUNDRA PORT BEGINS OPERATIONS AT NEW TERMINAL IN GUJARAT
Economic Times reported that, Adani group firm Mundra Port has commenced operations at its 20-million tonnes port at Dahej in Gujarat, the company s ...
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- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
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