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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, 17 December 10
NALCO SHORTLISTS COAL FIRMS FOR INDONESIA PROJECT - BUSINESS-STANDARD
Business-Standard reported that, State-owned NALCO today said it has shortlisted two firms for supply of coal for its Rs 18,000-crore (US$ 3,953,003 ...
Thursday, 16 December 10
LANCO BAGS AUSTRALIAN COAL MINER GRIFFITH - DNA
As part of its strategy to secure coal supplies for meeting its needs in expanding power generation capacities, infrastructure major Lanco Infratech ...
Thursday, 16 December 10
COAL INDIA IN TALKS WITH INDONESIAN CO TO BUY ITS COAL MINES - APN NEWS
APN News reported that, World’s largest coal producer Coal India is in talks with Indonesia’s Sinar Mas Group for acquiring coal mines i ...
Wednesday, 15 December 10
GOVT SETS NEW MINIMUM LEVEL FOR DOMESTIC MARKET SALES - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal producers are required to sell at least 24.17 percent of their production to the domestic market nex ...
Wednesday, 15 December 10
CAPESIZE RATES ARE NOW AT THEIR LOWEST LEVEL SINCE AUGUST
It was a repeat performance for the market this week, with another increase in earnings for the small sizes but a sharp drop for the Capes. Overall ...
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- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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