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Wednesday, 15 September 10
VIETNAM TO IMPORT UP TO 15 MLN TONS COAL/YR BY 2015 - VIETNAM BUSINESS
 Vietnam Business reported that, Vietnam will need to import 3 million to 15 million tons of coal a year by 2015, rising to 21 million to 40 million annually by 2020, as new coal-fired power plants are built, Tran Xuan Hoa, chief executive of state mining firm Vinacomin said.
Vietnam will need to import 3 million to 15 million tons of coal a year by 2015, rising to 21 million to 40 million annually by 2020, as new coal-fired power plants are built, Tran Xuan Hoa, chief executive of state mining firm Vinacomin said on Monday.
Meanwhile, the Southeast Asian country, which is the world’s top anthracite exporter, will gradually cut coal exports to 3-5 million tons per year, predominantly for metallurgy, a trade ministry official said.
The shift from net exporter to importer comes as Vietnam grapple with a growing power shortfall that has brought chronic blackouts and is widely cited as one of the biggest barriers to foreign investment.
A presentation by Hoa at a coal conference on Monday showed that nine coal power plants were being built in Vietnam and another two dozen thermal plants were planned, most to become operational by 2015.
Vinacomin, or Vietnam National Coal-Mineral Industries Holding Corp Ltd, is expected to export 18 million tons of coal this year after shipping 24.3 million tons in 2009, Vice Minister of Industry and Trade Le Duong Quang said.
Coal imports would start in 2011 for two alumina projects, he told Reuters without elaborating. In June, a Vinacomin official told a conference in Indonesia that coal imports were seen between 600,000 tons and 6 million tons in 2014-15 . The reason for the difference was unclear. Vinacomin accounts for more than 95 percent of Vietnam’s total coal production, Hoa said.
Much of Vietnam’s future coal-fired power will be in the south, the government plans.
“Vietnam will import energy coal for power plants to be built in southern Vietnam with the volume of 3-15 million tons to 2015 and 21-40 million tons to 2020,” Hoa said in remarks prepared for the Coaltrans Vietnam conference on Monday.
Most of the imported coal was expected to come from Indonesia and Australia, he said without elaborating.
Domestic supply was expected to rise to 58 million tons by 2015 from 43 million tons now, and 70 million to 80 million tons in 2020, Hoa said.
Domestic demand, however, would outstrip supply, leaping to 56 million to 68 million tons in 2015 from 26 million tons this year, and 93 million to 114 million tons by 2020.
“Only high-quality coal export will continue with a volume of 3 million to 5 million tons per year, mainly for metallurgy, as the demand for this type of coal is low in the domestic market,” Quang said.
Source: Vietnam Business
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Tuesday, 30 August 11
FAUJI CEMENT CONSUMED MORE THAN 1 MILLION TONS OF LOCAL COAL
Cooper Minerals Inc.based in Vancouver, BC, Canada, is a junior exploration company engaged in the acquisition, exploration and development of miner ...
Sunday, 28 August 11
FREIGHT MARKET COULD BE FIRM NEXT MONTH - VISTAAR
COALspot.com - The freight market continued the upward trend first half of the week . However, towards the end of the week lost momentum and the BDI ...
Saturday, 27 August 11
JAPANESE BULK CARRIER SETS RECORD ON NORTHERN SEA ROUTE - BARENTS OBSERVER
The Northern Sea Route will see its third record in less than a month when the largest ever bulk carrier to take the route leaves Murmansk next week ...
Saturday, 27 August 11
RBCT-INDIA ROUNDS FIXED AT AROUND US$ 12K - FEARNBULK
Handy
Stable but very positional markets across all segments in the Atlantic: the gap between owners and charterers rate ideas is building up as o ...
Friday, 26 August 11
TUAH TURANGGA AGUNG ACQUIRES AN ADDITIONAL 40% SHARES IN BARA PRIMA AGUNG
COALspot.com - PT Tuah Turangga Agung, a subsidiary of PT United Tractors Tbk, has signed an acquisition agreement to acquire 40% of PT Bara Prima A ...
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- Karaikal Port Pvt Ltd - India
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- Kartika Selabumi Mining - Indonesia
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- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
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- London Commodity Brokers - England
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- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
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- White Energy Company Limited
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- Parliament of New Zealand
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Australian Commodity Traders Exchange
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- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
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- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
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- Bharathi Cement Corporation - India
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- Petrochimia International Co. Ltd.- Taiwan
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- CIMB Investment Bank - Malaysia
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- Bangladesh Power Developement Board
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- Barasentosa Lestari - Indonesia
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
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- Romanian Commodities Exchange
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- Salva Resources Pvt Ltd - India
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- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
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- Renaissance Capital - South Africa
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- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
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- Coal and Oil Company - UAE
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- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
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- Economic Council, Georgia
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- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
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- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
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- Pendopo Energi Batubara - Indonesia
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
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- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
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- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
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