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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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Tuesday, 22 November 11
NTPC TO BUY 2 MMT OF IMPORTED COAL FOR ITS FOUR PLANTS
COALspot.com - NTPC Limited, incorporated in 1975 as a public sector company wholly owned by Government of India, the largest thermal power generati ...
Tuesday, 22 November 11
ABM INVESTAMA SETS IPO AT RP 3,750
Insider Stories reported that, Integrated energy company PT ABM Investama Tbk has determined the IPO price at Rp3,750 (approximately US$ 0.415) per ...
Tuesday, 22 November 11
A SURPRISINGLY STRONG WEEK FOR THE CAPES - BRS
Positive gains for most of the segments this week, the exception being the Handysizes. Overall the BDI ended the week at 1,895 points (+3.3% week-on ...
Tuesday, 22 November 11
APPETITE FOR DRY BULK VESSELS SLOWS DOWN AT THE START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was down at the beginning of the week, as demand for Capesize vessels was particularly low. The industry’s benchmark, the ...
Monday, 21 November 11
CAPESIZES DRIVE MARKET LOWER, ANALYSTS DIVIDED ON DRY BULK OUTLOOK IN THE LONG RUN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market ended the week on a sour note, with the industry’s benchmark heading downwards to 1,895 points, which represented a slight ...
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- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Georgia Ports Authority, United States
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- Minerals Council of Australia
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- The University of Queensland
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Indian Energy Exchange, India
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