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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 $32 million on coal exploration in Australia, which is the most cost-effective way to develop the group," he said.
"There has been some consolidation in Australia but for the size of the projects that we like, the premium that you have to pay compared with the potential we have in our own portfolio does not justify it."
Source: The Australian / Hellenic Shipping
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Tuesday, 27 July 10
DRY BULK SPOT CARGO DEMAND SHARPLY UP, TRIGGERING RISE IN RATES
Hot on the heels of the dry bulk market’s first weekly gain in almost two months, Monday began on a similar note, with the Baltic Dry Index (B ...
Tuesday, 27 July 10
KANGAROO RESOURCES INKS 297MT COAL RESOURCE FOR TANUR JAYA PROJECT
Kangaroo Resources has reported JORC Code compliant open cut Coal Resources totalling 297 million tonnes for the Tanur Jaya Coal Project in East Kal ...
Monday, 26 July 10
INDONESIAN COAL PRICE REFERENCE FOR JULY 2010 IS US$ 96.65 PER TON FOB VESSEL
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Monday, 26 July 10
BHATIA INTERNATIONAL, MIGHT GRAB THE MAJORITY OF COAL SUPPLY ORDER FROM MAHAGENCO
COALspot.com: Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, has received price bids from ...
Monday, 26 July 10
CEMENT MAKERS EXPLORE NEW FUELS TO REPLACE COAL - ECONOMIC TIMES
Economic Times reported that, As the cement industry reels under high raw material costs and reduced coal linkages, companies are exploring alternat ...
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- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Planning Commission, India
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Minerals Council of Australia
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
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