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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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Tuesday, 29 March 11
JAPAN FACTOR RIPPLING THROUGH THE SHIPPING MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the world watching the latest developments regarding the nuclear crisis in Japan and the devastating effects of the recent tragedy that struck ...
Tuesday, 29 March 11
DUTY EXEMPTION UNLIKELY TO IMPACT COKING COAL PRICES - PTI NEWS
Press Trust of India News reported that, the exemption to certain types of coking coal from customs duty is not likely to impact steel prices at pre ...
Monday, 28 March 11
HARUM ENERGY FY10 EARNING UP 7.23% - INSIDER STORIES
Thermal coal producer PT Harum Energy Tbk (HRUM), controlled by Indonesian businessman Kiki Barki through his son Lawrence Barki, posted a slight in ...
Monday, 28 March 11
IBT RAISES CAPACITY OF PULAU LAUT TERMINAL - THE JAKARTA POST
The Jakarta Post reported that, coal infrastructure and logistics firm PT Indonesia Bulk Terminal (IBT), a subsidiary of PT Adaro Energy Tbk, plans ...
Saturday, 26 March 11
THE FREIGHT MARKET REMAINED A BIT VOLATILE THIS WEEK - CAPT. REDDY
COALspot.com - "The freight market remained a bit volatile this week", says Capt. Reddy, director of Vistaar Shipping Singapore.
Howeve ...
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- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- VISA Power Limited - India
- Posco Energy - South Korea
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
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