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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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Wednesday, 20 October 10
ADANI THE LARGEST COAL IMPORTER OF INDIA IS NEGOTIATING WITH COAL INDIA LIMITED FOR A SUPPLY AGREEMENT - TOP NEWS
Top News reported that, negotitations are very much on between Adani Enterprises, the biggest coal importer of the country and Coal India Limited, t ...
Wednesday, 20 October 10
UAE FIRM IN INDONESIA RAIL DEAL - GULF NEWS
Gulf News reported that, construction of a 140-kilometre railway in Indonesia, initiated by RAK Minerals and Metals Investments (RMMI) will start ne ...
Wednesday, 20 October 10
CAPESIZES FINDING SUPPORT IN IRON ORE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although the beginning of the week wasn’t the rosiest one for the dry bulk market, last week proved a cheerful one for dry bulk ship owners, e ...
Saturday, 16 October 10
BDI WAS MARGINALLY UP BY 2.45 PCT LAST WEEK - VISTAAR SHIPPING
COALspot.com: The BDI seemed to lose the moment compared to last week and was marginally by 2.45 pct and closed at 2,762 points.
Also the Cape in ...
Friday, 15 October 10
VALUE ADDED TAX FOR COAL TO RE-INTRODUCE IN INDONESIA
COALspot.com: Indonesian government is drafting a ministerial decree to re-introduce value added tax for coal and mineral. Coalindo weekly news lett ...
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- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
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