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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, 11 February 12
WILL HISTORY REPEAT ITSELF IN THIS SHIPPING CYCLE? - CLARKSONS / HELLENIC SHIPPING
A slightly dubious "best man" joke runs as follows… Best man (giving his wedding speech): "Have you noticed how history repeat ...
Friday, 10 February 12
TONNAGE KEEPS ON COMING - DREWRY
Drewry Maritime Research’s latest edition of its Dry Bulk Forecaster pulls no punches in its assessment of a market that looks certain to cont ...
Friday, 10 February 12
GIVE PERMIT POWERS TO GOVERNORS: MINERS - THE JAKARTA POST
The Jakarta Post reported that, following clashes between mining companies and local residents, the Indonesian Mining Association (IMA) wants to tra ...
Thursday, 09 February 12
AUSTRALIA'S EPIC TO ACQUIRE 15,500 HA COAL EXPLORATION LICENCES IN EAST KALIMANTAN, INDONESIA
COALspot.com - Epic Resources Limited to acquire two coal concessions in Kutai Barat regency, East Kalimantan, Indonesia.
According to company's ...
Thursday, 09 February 12
RESOURCE ALAM BUYS 28,521HA CONCESSIONS - INSIDER STORIES
Insider Stories reported that, PT Resource Alam Indonesia Tbk (KKGI), owned by Adijanto family, today announced acquisition of 75% interest in PT Ka ...
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- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Minerals Council of Australia
- Posco Energy - South Korea
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- PTC India Limited - India
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
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