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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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Friday, 31 December 10
STC TO FINALIZE 12 MILLION MT OF COAL IMPORT CONTRACT TO TWO INDIAN AND A DUBAI BASED COAL TRADER - SOURCES
COALspot.com - World's single largest coal import tender floated by STC on behalf of state utility NTPC to finalize its suppliers or already finali ...
Thursday, 30 December 10
DRY BULK MARKET STAYS SUBDUED AT THE END OF 2010 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dy bulk market failed to cheer ship owners across the board as the year draws to an end, thus bringing mixed feelings ahead of 2011. On one hand ...
Thursday, 30 December 10
KANGAROO RESOURCES BUYS INDONESIAN COAL COMPANY
Australian-listed Kangaroo Resources Ltd. said Wednesday it will buy 99% of the Pakar thermal coal project in East Kalimantan, for A$277 million thr ...
Wednesday, 29 December 10
WEATHER IMPACTS RIO TINTO COAL AUSTRALIAS QUEENSLAND OPERATIONS
Press Release - As a result of severe monsoonal rain in central and northern Queensland, force majeure has been declared on coal sales contracts fro ...
Monday, 27 December 10
ANALYSIS: CHINA'S COAL PRODUCTION MISMATCHED WITH DOMESTIC DEMAND
As reported by iStock Analyst, China's coal market has been trapped in a strange cycle. Large coal production bases are facing overcapacity, while ...
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- South Luzon Thermal Energy Corporation
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- Kumho Petrochemical, South Korea
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- Billiton Holdings Pty Ltd - Australia
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- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
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- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
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- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
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- Timah Investasi Mineral - Indoneisa
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- Coal and Oil Company - UAE
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- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- MS Steel International - UAE
- Bhatia International Limited - India
- GMR Energy Limited - India
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
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- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
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- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Standard Chartered Bank - UAE
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- Australian Coal Association
- Thai Mozambique Logistica
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- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
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- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
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- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Eastern Energy - Thailand
- Carbofer General Trading SA - India
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- Directorate General of MIneral and Coal - Indonesia
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- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
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- SMC Global Power, Philippines
- The University of Queensland
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
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- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- Electricity Authority, New Zealand
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- Orica Australia Pty. Ltd.
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- Maheswari Brothers Coal Limited - India
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- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
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- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Larsen & Toubro Limited - India
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- Directorate Of Revenue Intelligence - India
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- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
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- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
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