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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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Friday, 07 January 11
SRI LANKA NEW PORT TO OFFER SHIP FUEL IN MAY - LBO
LOB reported that, The Sri Lanka Ports Authority (SLPA) plans to start bunkering or ship fuel operations at a new port in southern Hambantota in May ...
Friday, 07 January 11
DRY BULK MARKET ON A FREEFALL, AS THE NEW YEAR EARLY DAYS DONT BRING MANY CHEERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is facing its worst slump in more than two years, falling by 4.75% yesterday to reach 1,544 points, on top of an additional 4.2% ...
Thursday, 06 January 11
OVERSEAS & GENERAL SIGNS AGREEMENT TO EXPAND FOOTPRINT ON COAL LEASE IN INDONESIA - PROACTIVE INVESTORS
Proactive Investors reported that, Overseas & General (ASX: OGL) has entered into a joint operating agreement on the Jambi Coal Lease in Sumatra ...
Thursday, 06 January 11
BANPU EXPECTS ROSY 2011 AS COAL PRICES SKYROCKET - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, expects minimal impact from the production stoppage at its Daning mine in China ...
Thursday, 06 January 11
COKING COAL CONTRACT PRICE MAY RISE 33% ON AUSTRALIAN FLOODS - BLOOMBERG
Bloomberg reported that, Steelmakers in Asia may be forced to pay as much as 33 percent more for hard coking coal after the worst floods in 50 years ...
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- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- The University of Queensland
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
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