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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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Thursday, 22 August 13
PANAMAX : PERIOD MARKET IS STILL BEING LED BY STRONGER SENTIMENT IN THE FFA'S - FEARNRESEARCH
Handy
This week started slowly as expected. Indo biz now rate APS around 7k +60k to china and around 8k+80k to India. However, there are some ships ...
Wednesday, 21 August 13
DRY BULK SHIPPING - POSITIVE WINDOW FOR CAPESIZE OWNERS - PETER SAND
By: Peter Sand, Chief Shipping Analyst, BIMCO
Demand:
“Expect the unexpected from the dry bulk market” was what we wrote last time ar ...
Wednesday, 21 August 13
RATES FOR CAPES MOVED DECISIVELY NORTH THIS WEEK - INTERMODAL
COALspot.com - Right when the BDI seemed ready for another dive below the 1000 points level, the Dry Bulk market made significant comeback this week ...
Tuesday, 20 August 13
AUSTRALIA NEWCASTLE COAL EXPORTS FALL 19.15 PERCENT ON WEEK
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port fell 19.15 per cent week on week to 2.39 million mt f ...
Tuesday, 20 August 13
CAPESIZE RATES MORE SENSITIVE TO DEMAND - COMMODORE RESEARCH & CONSULTANCY
COALspot.com : Approximately 71.50 million tons of iron ore is now stockpiled at Chinese ports, 900,000 tons (-1%) less than a week ago, Commodore R ...
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- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
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