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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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Saturday, 08 September 12
INDO INDIA ROUTE FREIGHT FOR SUPRAMAX REMAINS STRONG - CAPT. REDDY
COALspot.com - The freight market overall remained weak and except for cape index all other sectors were down. The biggest drop was in the Panamax s ...
Saturday, 08 September 12
RIO TINTO COMPLETES ACQUISITION OF BHP BILLITON'S INTERESTS IN RICHARDS BAY MINERALS
Rio Tinto has doubled its holding in Richards Bay Minerals (RBM) following the completion of its acquisition of BHP Billiton’s entire inte ...
Friday, 07 September 12
HBA GAINS $ 1.56 PER MT IN SEPTEMBER
COALspot.com - The Indonesian government’s declared coal reference price has gained US$ 1.56 per MT M-o-M. This is the first gain ...
Thursday, 06 September 12
SOME ANCHORED PANAMAX VESSELS WAITING FOR CARGOS TO COME
Handy
According to Fearnleys weekly report, in the smaller segments Fearnleys sees little to no changes since last week. There are still entering s ...
Thursday, 06 September 12
DRY BULK CARRIERS STILL IN HIGH DEMAND AMONG SHIP OWNERS, BUT NEWBUILDING ACTIVITY SLIDES IN AUGUST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The slide of the dry bulk market this year hasn't abated ship owners' appetite for dry bulk carriers, as evidenced by the steady interest expresse ...
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- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Sical Logistics Limited - India
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