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Thursday, 02 December 10
INDIA'S COAL SHORTAGE TO DEEPEN NEXT YEAR - MONEY CONTROL
 Money Control reported that, India's coal deficit will deepen sharply next year, its coal minister said on Tuesday, forcing Asia's third largest economy to import more of the fuel on which it relies.
The coal shortage will be 104 million tonnes in the next fiscal to March 2012, Sriprakash Jaiswal said, a jump of 23.8% from the current year's estimate.
Delegates at a coal mining summit on Tuesday said difficulties over land acquisition, social and environmental hurdles and low investments would be a drag on output growth.
"The deficit will keep on increasing," said Vivek Ojha, vice president of Global Coke, a coking coal producer. "The resource that we have is not seeing that much development."
Coal Minister Jaiswal said in a statement to the summit which he did not attend that coal will continue to be a dominant resource for India.
"While India continues to produce a majority of the coal that it consumes, imports of coal are also rising at a fast pace, already contributing to over 10 percent of coal consumption," he said.
Availability of coal, which accounts for more than half of the country's power generation capacity, for the power sector was seen at 388 million tonnes in the current fiscal versus a requirement of 440 million tonnes, the minister said.
Way ahead
Participants at the summit said Indian miners would have to combine expansion at home and a search for assets overseas to keep coal availability up.
"India should have a continual thrust on underground mining," said D.N. Abrol, executive director raw materials at Jindal Steel & Power referring to the few underground mines the country has. "India should go more for bigger projects such as large cluster mining."
Miners need to give better incentives to attract young professionals and invest in technology, Ganesan Natarajan, director of Ennore Coke said.
India has set a goal of adding 62 gigawatts of generation capacity over a five-year period ending March 2012, with the bulk of that coal, in an attempt to reduce peak hour power shortages and provide electricity to millions of rural households.
But coal shortages have limited the power generation.
Jaiswal said India's projected coal demand for 2031-32 was about 2,500 million tonnes.
India is expected to import nearly 84 million tonnes in the current financial year, on top of local production of 572.37 million tonnes, Jaiswal told Reuters in an interview in September.
Source: Money Control
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Thursday, 16 June 11
BOOSTING THE USE OF LOW CARBON ENERGY FOR A BETTER WORLD
Bali, Indonesia host of world renewable energy congress – Indonesia, international conference & exhibition on renewable energy and energy ...
Thursday, 16 June 11
FREIGHT MARKET FAILS TO RECOVER - DREWRY / HELLENIC SHIPPING
With demand failing to improve enough to contain the colossal increases in supply, the dry bulk freight market stayed near the dreadfully low levels ...
Thursday, 16 June 11
VALLAR CONTROLS 84.7 PERCENT STAKE IN BERAU COAL - INSIDER STORIES
Insider Stories reported that, London-based investment company Vallar Plc, via its subsidiary dubbed Vallar Investments UK Limited, today announced ...
Wednesday, 15 June 11
INDONESIA NEW COAL POLICY WORRIES INDIA POWER FIRMS - MYDIGITALFC
Tata Power, Adani group, Lanco Infratech and Reliance Power, among other Indian coal importers, are waiting to assess the impact of the Indonesian g ...
Wednesday, 15 June 11
BAYAN RESOURCES OWNS 56 PERCENT KANGAROO - INSIDER STORIES
Australia-listed coal miner Kangaroo Resources Limited (KRL) has obtained final approval from its shareholders to complete its US$277 million acquis ...
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- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Australian Coal Association
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Medco Energi Mining Internasional
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- The University of Queensland
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- PTC India Limited - India
- Thai Mozambique Logistica
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
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