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Sunday, 02 January 11
JAISWAL TO SEEK COAL MINES IN AFRICA - HINDUSTAN TIMES
 Coal Minister Sriprakash Jaiswal will talk with his counterparts in South Africa and Mozambique during his visit from January 5 to secure coal assets, aimed at bridging the growing domestic demand-supply gap. "We will ask for more coal blocks as our requirement is increasing continuously. We will discuss the issue with both the governments -- South Africa and Mozambique," Jaiswal told PTI.
South Africa and Mozambique are two major destinations for coal-hungry firms across the globe, since, the resource used for steel-making and power generation are scarce.
India, which largely depends upon state-owned Coal India Ltd for meeting its domestic need, is likely to see as much as 83 million tonnes of short supply in the current fiscal. All deficits are met through imports.
"Acquiring assets abroad will be one of our main priorities this year," Jaiswal said.
The minister will be accompanied by Coal Secretary, C Balakrishnan and Coal India Chairman, Partha Bhattacharya among other officials for the government-to-government level talks.
At present, Coal India has two coal blocks in Mozambique, where it plans to begin its exploration in the next fiscal, while the production is expected to begin from 2014-15.
Coal India Chairman, Partha Bhattacharya had earlier said that both the blocks are estimated to have combined coal reserves of about one billion tonnes.
However, connectivity between the coal blocks and nearest port is a big transportation hurdle and the issue will be figured prominently with the talks with Mozambique government, Jaiswal said.
"We are going to request them to build a bridge on the Dcondezi river, which falls between the coal blocks and port and reduces the time to five months (in a year) for carrying out geological prospecting and exploration," he said.
Jaiswal added his delegation will also hold discussions on transferring of coal to oil (CTO) and underground Coal Gasification technologies with its South African counterpart and petro-chemical giant Sasol.
Sasol is the world leader in coal to liquid (CTL) and gas to liquid (GTL) technologies, which converts natural gas and coal into petro products like diesel, naptha etc. Its Secunda plant in South Africa with 1,60,000 barrels per day capacity is the world’s largest facility of its kind.
It has also announced to set up a joint venture with the Tata group to build a CTL plant, worth $ 10 billion, in Orissa with a capacity of 80,000 barrels oil per day. The plant is expected to be operational by 2018.
Source: PTI / Hindustan Times
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Thursday, 30 December 10
DRY BULK MARKET STAYS SUBDUED AT THE END OF 2010 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dy bulk market failed to cheer ship owners across the board as the year draws to an end, thus bringing mixed feelings ahead of 2011. On one hand ...
Thursday, 30 December 10
KANGAROO RESOURCES BUYS INDONESIAN COAL COMPANY
Australian-listed Kangaroo Resources Ltd. said Wednesday it will buy 99% of the Pakar thermal coal project in East Kalimantan, for A$277 million thr ...
Wednesday, 29 December 10
WEATHER IMPACTS RIO TINTO COAL AUSTRALIAS QUEENSLAND OPERATIONS
Press Release - As a result of severe monsoonal rain in central and northern Queensland, force majeure has been declared on coal sales contracts fro ...
Monday, 27 December 10
ANALYSIS: CHINA'S COAL PRODUCTION MISMATCHED WITH DOMESTIC DEMAND
As reported by iStock Analyst, China's coal market has been trapped in a strange cycle. Large coal production bases are facing overcapacity, while ...
Monday, 27 December 10
HUNT FOR OVERSEAS COAL ASSETS TO INTENSIFY - FINANCIAL EXPRESS
Financial Express reported that, With the Indian economy back on the track after the slowdown, merger and acquisition (M&A) activities in the re ...
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- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
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