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Monday, 21 February 11
ABOLISH 5% DUTY ON COAL IMPORTS: SHINDE
 Indian Express reported that, with acute coal shortage of domestic coal threatening to destabilise its power generation plans, the power ministry has demanded that the government abolish the custom duty of 5 per cent in the coming Budget on imports of the mineral.
In a note to the government on February 11 last, the power ministry pointed out that coal-starved power plants are increasingly securing thermal coal from abroad, the imports of which has shot up to 23.2 million tonnes (MT) in 2009-10 against 16 MT in 2008-09. It argued that with domestic coal in short supply, the utilities have sustained a whooping generation loss of 5.3 billion units in 2010-11 (April-December).
“The problem is likely to aggravate from 2011-12 in view of inadequate availability of coal from Coal India Limited (CIL) and limitations in blending beyond 10-15 per cent of the total consumption. CIL officials have told the Plan Panel in a meeting on January 27 last that of the total demand of 480 MT in 2011-12, they can only supply 319 MT. This further compounds our problem,” the ministry contended.
Arguing that imports were indispensable for firing the turbines ceaselessly, the power ministry asked the government to provide cushion to the utilities by doing away with the 5 per cent duty on coal imports.
“As imports of coal is necessitated mainly due to inadequate availability of coal from domestic sources and it has huge financial impacts on Discoms and consumers, it is recommended that the custom duty on import of coal may be done away with immediately,” the ministry said in the note.
According to the ministry, coal imports have been steadily going up. The domestic utilities imported 4.5 MT in 2004-05, 10 MT during 2005-06, 16 MT in 2008-09 before touching 23.2 MT in 2009-10. Maintaining that supply from CIL and other domestic sources could fire power turbines of up to 3,000 MW only, the power ministry warned that “new capacity of about 20,000 MW is likely to be grounded for want of domestic coal.”
Irrespective of the fact that most of the coal-based generation projects under construction during 11th and 12th Plan periods have either been accorded linkages or coal blocks, but the inadequacy of domestic coal was assuming serious proportions, which would available assets stranded for want of coal.
Source: Indian Express (By: Priyadarshi Siddhanta)
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Monday, 14 March 11
IRON ORE TRADING WORLD EUROPE 2011
Press Release - Strategy and opportunity for miners, steelmakers, end users and the financial community.
The iron ore spot market is growing at a ...
Sunday, 13 March 11
COAL NO LONGER A CHEAP ENERGY SOURCE - THE SUNDAY LEADER
The Sunday Leader reported that, the addition of power generated through coal power to the country’s national grid was initially expected to r ...
Sunday, 13 March 11
THE FREIGHT MARKET SEEMS WILL BE FIRM FOR MARCH AND APRIL - VISTAAR
COALspot.com - The freight market continued to rise with the BDI crossing 1500 points and the cape size index up by 32 pct and all other segments al ...
Friday, 11 March 11
THE HANDY MARKET IS QUITE VOLATILE
Handy
Lacklustre week as the USG is the only bright light with high volumes of petcoke/coal into the Med (paying mid 20´s bss aps USG). Litt ...
Thursday, 10 March 11
DRY BULK MARKET SHOWING SIGNS OF STRONGER RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market jumped by 3.37% yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI), moving up to 1,472 points, levels no ...
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- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- VISA Power Limited - India
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
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