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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, 01 October 10
COAL TRADERS POWER FOREIGN ASSET BUYS - ECONOMIC TIMES
Economic Times reported that, the rush to own coal assets is leading to innovative alliances. are teaming up with utilities like , Reliance Power an ...
Thursday, 30 September 10
LOW CALORIFIC VALUE COAL MAY BE SOLD BELOW COAL REFERENCE PRICE IN INDONESIA
COALspot.com: Indonesia, the world’s largest coal exporter has issued another ministerial decree to regulate the selling price of coal of Indo ...
Thursday, 30 September 10
INITIAL PHASE OF MOATIZE MINING BY EARLY NOVEMBER - ALL AFRICA
All Africa report that, the initial phase of mining coal at Moatize, in the western Mozambican province of Tete, will begin by early November, and t ...
Thursday, 30 September 10
THE PANAMAX CONTINUED ITS DOWNWARD TREND FROM LAST WEEK - FEARNBULK
HANDY
Activity remains slow this week combined with a lack of fresh enquiry and tonnage over-supply in the Atlantic. Indexes are all negative exce ...
Thursday, 30 September 10
INDONESIAN COAL FOR POWER PLANT - LANKA GAZETTE
Lanka Gazette reported that, A cargo vessel with coal on board to generate electricity for the Norochcholai Coal Power Plant will arrive in Sri Lank ...
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- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- The University of Queensland
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
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