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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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Monday, 12 March 12
DELTA DUNIA 1M OVERBURDEN DROPS 3.1% - INSIDER STORIES
Insider Stories reported that, Indonesia's second largest coal mining contractor PT Delta Dunia Makmur Tbk (DOID) reported a 25 million bank ...
Monday, 12 March 12
DRY BULK RATES WILL REMAIN LOW IN 2012 SAYS DANISH SHIP FINANCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its annual shipping survey Danish Ship Finance said that the current outlook for the Dry Bulk market seems unlikely to foster higher rates in any ...
Monday, 12 March 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The first days of March appear to be more encouraging for dry bulk operators, but the outlook is still gloomy for the rest of year with earnings for ...
Sunday, 11 March 12
FREIGHT RATES FOR INDONESIA TO INDIA WILL CONTINUE TO REMAIN FIRM- VISTAAR
COALspot.com - This week saw another upward trend with all indices up except for the Cape index.
The BDI was up by 6.87 pct closing at 824 points ...
Friday, 09 March 12
MINING IN INDONESIA: RESTRICTION ON FOREIGN INVESTMENT - SUNIL K KUMBHAT
COALspot.com - Recently Govt has passed regulation instructing foreign mining companies to reduce their ownership stake.
The regulation known as ...
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- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Economic Council, Georgia
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- PTC India Limited - India
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- The University of Queensland
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
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