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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, 22 June 12
GLOBAL ACTION NEEDED ON ENERGY POVERTY - WORLD COAL
Eradicating energy poverty is possibly the biggest challenge facing the world today. Like climate change it can only be addressed with a concerted g ...
Friday, 22 June 12
COAL: THE BACKBONE OF MODERN ELECTRICITY - ECOAL
Coal has been described as the "forgotten fuel," perhaps because many aren't aware of the huge role it plays in powering the global econo ...
Thursday, 21 June 12
DRY BULK MARKET ON THE RISE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was on the rise once again yesterday, with the Baltic Dry Index (BDI), the industry’s benchmark, rising by 18 points, or 1 ...
Wednesday, 20 June 12
BDI MOVING HIGHER, PANAMAX AND SUPRAMAX VESSELS STRONGER, CAPESIZE RATES NEAR TO HISTORICAL LOWS OF DECEMBER 2008 - MARIA BERTZELETOU, HELLENIC SHIPPING
The dry market seems to follow the dynamic of the previous week with the Baltic Dry Index showing daily increases since June 8th, but is still stand ...
Tuesday, 19 June 12
SMALLER DRY BULK CARRIERS LIFT UP MARKET, PANAMAXES SET TO FALL SAYS ANALYST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Another rise for the dry bulk market was evident yesterday, as the industry’s benchmark, the BDI (Baltic Dry Index) was up for a ninth straigh ...
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- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Ministry of Mines - Canada
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
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