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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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Thursday, 29 December 11
NEW VESSELS DELIVERED ARE FLOODING THE OCEANS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As expected 2011 has been the year that newbuilding deliveries peaked and kept "flooding" the market, thus supressing freight rates and er ...
Tuesday, 27 December 11
MINERS MAKE CASE FOR RESUMING CONTRACT NEGOTIATIONS - THE JAKARTA POST
The Jakarta Post reported that, problems with the renegotiation of mining contracts in the country are far from over, as agreements on several cruci ...
Tuesday, 27 December 11
COAL SHIPMENT OF TIANJIN PORT REACHED 6.72 MLN TONNES IN NOVEMBER - STEEL HOME / HELLENIC SHIPPING
Tianjin port shipped 6.72 million tonnes of coal in November, decreasing 600,000 tonnes versus 7.32 million tonnes in October, while up 21.09% or 1. ...
Tuesday, 27 December 11
NEW CLAUSE PUBLISHED FOR SLOW STEAMING - BIMCO
Many owners and operators faced with high bunker prices are considering implementing slow steaming regimes to save fuel and to assist with capacity ...
Monday, 26 December 11
NEW EXPORT TAX PLAN GREETED WITH PRAISE AND CRITICISM - THE JAKARTA POST
The Jakarta Post, one of the Indonesia's leading english news paper reported that, both praise and criticism showered the government’s plan t ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
- PTC India Limited - India
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
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