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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, 19 April 13
FIRST QUARTER OF 2013 PROVEN A POSITIVE SURPRISE FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite ominous predictions regarding the negative performance of the dry bulk market during the – traditionally weak anyway – first qua ...
Thursday, 18 April 13
HANDY: STABLE ; PANAMAX: BUSY WEEK - FEARNRESEARCH
Handy
The Atlantic markets remain stable in this week. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 12k. The Pacific market is bit f ...
Thursday, 18 April 13
FEATURE: PREDICTING THE FUTURE - AND THE PAST - BIMCO
It’s not predicting the future that is problematical, it’s the realisation that you have to relive the past again and again when you fai ...
Wednesday, 17 April 13
INDONESIA SHIPPED 80 MILLION TONS OF COAL IN FIRST QUARTER - COAL DIRECTOR
COALspot.com - Indonesia has exported around 80 million tons of coal including power plant coal in first three months of this year.
Speaking on t ...
Tuesday, 16 April 13
AUSTRALIAN NEWCASTLE PORT'S COAL EXPORTS JUMPED 20.87 PER CENT ON WEEK TO 3.07 MMT
COALspot.com - Newcastle port in Australia has loaded 3,077,431 tons of thermal and coking coal for week ended 0700 hours 15 April 2013, Newca ...
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- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- VISA Power Limited - India
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
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