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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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Monday, 14 March 11
IRON ORE TRADING WORLD EUROPE 2011
Press Release - Strategy and opportunity for miners, steelmakers, end users and the financial community.
The iron ore spot market is growing at a ...
Sunday, 13 March 11
COAL NO LONGER A CHEAP ENERGY SOURCE - THE SUNDAY LEADER
The Sunday Leader reported that, the addition of power generated through coal power to the country’s national grid was initially expected to r ...
Sunday, 13 March 11
THE FREIGHT MARKET SEEMS WILL BE FIRM FOR MARCH AND APRIL - VISTAAR
COALspot.com - The freight market continued to rise with the BDI crossing 1500 points and the cape size index up by 32 pct and all other segments al ...
Friday, 11 March 11
THE HANDY MARKET IS QUITE VOLATILE
Handy
Lacklustre week as the USG is the only bright light with high volumes of petcoke/coal into the Med (paying mid 20´s bss aps USG). Litt ...
Thursday, 10 March 11
DRY BULK MARKET SHOWING SIGNS OF STRONGER RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market jumped by 3.37% yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI), moving up to 1,472 points, levels no ...
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- Oldendorff Carriers - Singapore
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- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
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- Vedanta Resources Plc - India
- ICICI Bank Limited - India
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- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
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- Singapore Mercantile Exchange
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- PowerSource Philippines DevCo
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- Indian Energy Exchange, India
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- Tata Chemicals Ltd - India
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- The University of Queensland
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- Africa Commodities Group - South Africa
- Economic Council, Georgia
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- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
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- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
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- Siam City Cement - Thailand
- Medco Energi Mining Internasional
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- CIMB Investment Bank - Malaysia
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- McConnell Dowell - Australia
- The Treasury - Australian Government
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- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Planning Commission, India
- VISA Power Limited - India
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- Kobexindo Tractors - Indoneisa
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- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
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- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
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- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
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- Heidelberg Cement - Germany
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- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
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- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Videocon Industries ltd - India
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- Renaissance Capital - South Africa
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- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
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- Jaiprakash Power Ventures ltd
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- PTC India Limited - India
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
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- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
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- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
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- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
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- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
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- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
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