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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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Saturday, 07 May 11
BERAU INKS DEALS WITH CHINESE FIRMS AS COAL WEATHERS COMMODITIES STORM - THE JAKARTA GLOBE
The Jakarta Globe reported that, Berau Coal, one of the country’s largest coal miners, has signed sales contracts with two Chinese companies a ...
Saturday, 07 May 11
SUPRAMAXES ARE AT AROUND $ 13,500-14,000 PER DAY FOR SINGLE TRIPS
COALspot.com - The freight remained fairly steady this week with the BDI up by 71 points and closing at 1,340 points, said Capt. Reddy, the director ...
Saturday, 07 May 11
COAL PRODUCTION MAY REACH 95M TONS IN SECOND QUARTER - THE JAKARTA POST
The Jakarta Post reported that, Indonesian miners are projected to produce around 95 million tons of coal in the second quarter of this year after l ...
Friday, 06 May 11
BUKIT ASAM TO CLOSE COAL TAKEOVER IN Q2 - INSIDER STORIES
The state-controlled PT Tambang Bukit Asam Tbk (PTBA) expects to complete acquisition of two coal mining companies from four companies which is now ...
Thursday, 05 May 11
SUPRAS IN NORTH CHINA ARE GETTING CLOSE TO $ 13K FOR INDO-INDIA
Handy
The Atlantic market is stable/flat with positive undertone meaning more enquiries hitting the market today. Lack of prompt vessels. Trips to ...
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- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- MS Steel International - UAE
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Planning Commission, India
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- ASAPP Information Group - India
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