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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, 15 November 13
US COAL PRODUCTION UP 2.59% WEEK ON WEEK
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.8 million short tons (mmst) of coal in ...
Friday, 15 November 13
TAIWAN'S PLASTICS GROUP FORMOSA TO IMPORT 1.37 MILLION TONS OF COAL FOR Q1' 14
COALspot.com: Taiwan's Formosa Plastics Group is inviting bids for total 1.37 million mt of coal for 1Q’ 14 for its various plants in Taiwan, ...
Thursday, 14 November 13
KOMIPO TO BUY 270K MT OF SUB-BITUMINOUS COAL FOR Q2' 14
COALspot.com : Korea Midland Power Co., Ltd. has invited bids through International Open Bidding for 140,000 Metric Tons (MT) of sub-bituminous coal ...
Thursday, 14 November 13
PANAMAX : MARKET SHOULD BE AROUND USD 11500 FOR 1 YEAR - FEARNLEYS AS
Handy
The Atlantic market has picked up this week with prompt ships able USG for November dates coming off and chrts need to pay up in order to cov ...
Wednesday, 13 November 13
Y'14 SUB-BIT INDO COAL SWAP MOVING AT SNAIL-SPEED
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q1’2014 delivery gained 2.95 percept month on month on Friday ...
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- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Planning Commission, India
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
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