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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, 30 April 11
BUKIT ASAM PROFIT HAS JUMPS 108 PERCENT IN Q1, 2011
The Indonesian state-controlled coal miner PT Bukit Asam Tbk (PTBA) reported a 108.07 percent jump in net profit during the first three months of 20 ...
Saturday, 30 April 11
THE PANAMAX WAS THE BIGGEST GAINER
COALspot.com - The freight market appeared to recover slightly after the Easter holidays. However they market may not move up much and likely to mai ...
Friday, 29 April 11
KOMIPO ISSUES TENDER FOR 710,000 MT OF LCV & HCV COAL
COALspot.com - Korea Midland Power Co. Ltd (KOMIPO) has issued a spot supply tender for supply of total 710,000 MT of thermal coal for delivery betw ...
Friday, 29 April 11
HARUM EYES IDR 2.58 TRILLION COAL TAKEOVER
PT Harum Energy Tbk (HRUM), that is controlled by Indonesian tycoon Kiki Barki, is poised to spend Rp 2.58 trillion (approximately US$ 301.296 mln) ...
Friday, 29 April 11
CHINA'S IMPORTS 27 PERCENT LESS COAL IN Q1 2011 - ICAP SHIPPING
ICAP Shipping reported that, China's coal imports in the first quarter were some 27% down on a year ago at 32.3 Mt (2010: 44.4 Mt). Part of the rea ...
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- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- MS Steel International - UAE
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Deloitte Consulting - India
- London Commodity Brokers - England
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- PTC India Limited - India
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
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