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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 November 12
HANDY: INDO-INDIA, LARGE ECO SUPRA NOW FIXED AT USD 12500 - FEARNRESEARCH
Handy
The north Continent is seeing plenty of tonnages but lack of cargoes. TA business are around 11k and fronthaul is around 17k.Tonnages has tig ...
Thursday, 22 November 12
DRY BULK MARKET RISE, BUT OUTLOOK SEEN DIM ON THE BACK OF RECORD NEW BUILDING DELIVERIES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been under hefty pressure since the start of the year, as a result of record newbuilding deliveries and below-par demand for ...
Wednesday, 21 November 12
LITTLE IMPACT FROM DISSOLUTION OF BP MIGAS ON INDONESIAN OIL & GAS COMPANIES - FITCH
Fitch Ratings has said that the recent court order to abolish the Indonesian upstream oil and gas regulator, BP Migas, has minimal immediate impact ...
Wednesday, 21 November 12
ORPHEUS ENERGY SECURES FIRST COAL OFF TAKE CONTRACT
COALspot.com - Orpheus Energy Limited (ASX:OEG) has announced that it has signed a coal sales contract with an Indonesian steel manufacturing compan ...
Tuesday, 20 November 12
AUSTRALIAN NEWCASTLE PORT HAS LOADED 13.18 PERCENT LESS COAL W-W
COALspot.com - Newcastle port in Australia has loaded 2,691,731 MT of thermal and coking coal for week ended 0700 hours 19 November 2012, Newc ...
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- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Planning Commission, India
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
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