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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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Wednesday, 10 October 12
TAPPING OPPORTUNITIES WITHIN GLOBAL ECONOMIC PERSPECTIVE
Press Release: Mining sector will continue to play a significant role in supporting industrial and economic development in Indonesia which is curren ...
Tuesday, 09 October 12
REALM RESOURCES RECOMMENCES DRILLING AT KATINGAN RIA COAL PROJECT
COALspot.com : Realm Resources Ltd. (ASX) has announced that it has commenced work on the phase three technical programme at its Katingan Project in ...
Sunday, 07 October 12
INDONESIAN GOVERNMENT DECLARED HBA FELL AGAIN IN OCTOBER
COALspot.com - The Indonesian government’s declared coal reference price has lost US$ 0.17 per MT M-M.
The monthly coal referen ...
Saturday, 06 October 12
CFR SOUTH CHINA COAL SWAPS FOR DECEMBER'13 DELIVERY GAINED 1.3 PERCENT W-W
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery gained 0.098 percent and 0.164 percent W-W and D-D respectively o ...
Saturday, 06 October 12
FREIGHT MARKET IS LIKELY TO PICK AFTER THE HOLIDAYS IN CHINA - VISTAAR
COALspot.com - The freight market appeared to be seeing some increase BDI up by 14.23 pct closing at 875 points. The Cape and Panamax index also saw ...
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- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Parliament of New Zealand
- Eastern Coal Council - USA
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
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