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Monday, 20 February 12
COAL BOOM AND ENVIRONMENTAL CONCERN - SUNIL K KUMBHAT
 COALspot.com - The dawn of the 21st century has seen a shift in the world's commercial balance of power, with the dominance of the US, Europe and Japan challenged by the rapid industrialisation of hungry new economies. The rise of the so-called BRIIC nations - Brazil, Russia, India ,Indonesia and China - is giving birth to new global financial centres, vibrant industrial markets and above all surging demand for raw materials to supply new projects.
But where does environmental responsibility fit into this drive for resources?
Growing demand for thermal Coal has created a new coal boom, which is great news for Coal producing countries such as Indonesia, Australia , south Africa . The demand of coal is growing at a massive rate in Asia particularly India and China. Both the coal hungry countries are making efforts to secure supplies by acquiring Coal mines or forming Joint ventures for their new power generating plants.
The demand is fuelling the world prices of coal, although prices are still not as high as witnessed in 2008 when everything peaked before the global financial crisis but there all indications that by 2012/2013 coal prises will reach to record high.
The India and China are becoming the mainstay of the market . Both the countries are having huge Coal reserves ,but still they are importing huge qty of coal to meet there increased demand and as such they are effectively driving the world Coal market and its prices. India’s demand for coal is expected to grow at a faster rate than any other country in the world.
India's rich untapped mineral resources of more than 20 mineral types - including gold, copper, coal and bauxite but the fact that many of these resources are located in rural, heavily forested areas with predominantly tribal populations has raised concerns over the environmental impact of mining operations.
The country has a long history of environmental damage caused by both domestic and international mining companies, as well as the ecological problems from hundreds of abandoned mines in areas like Bihar's Jharia and Rhaniganj coal fields. Like China, India has been plagued by the environmental problems associated with illegal and unlicensed mining operations, which the country's Directorate General of Mines Safety has been ill-equipped to deal with due to funding deficiencies.
Similarly China has come under fire from human rights activists and environmental groups alike for its arguably lax approach to both worker safety (the country has become the mining disaster capital of the world in recent years) and environmental accountability. The Chinese Government's approach to corporate and environmental responsibility has been characterised by outside observers as simply paying lip service to the environment - hinting that ISO guidelines for mining would be welcomed - without implementing practical measures to promote change.
The environmental impact of mining operations in Brazil is also under sharper scrutiny than many other countries, primarily because its borders contain the lion's share of the Amazon rainforest, a haven for biodiversity and one of the most important eco-systems in the world.
As such, environmental awareness is particularly strong in the Brazilian mining industry. Experts from the Brazilian Association of Technical Standards are playing a leadership role in the further development of the recently introduced ISO 26000 international standard on social responsibility. Furthermore, licensing for new mining projects is often legally conditional on the drafting of comprehensive environmental impact studies, reports and extensive public consultations, particularly in areas inhabited by tribal groups.
Although carrying out mining operations in a region like the Amazon will be controversial, the environmental commitment seen here and echoed by many other Brazilian mining companies (including industry giant Vale, which has a complex environmental quality management system based on ISO 14001 standards) provides a useful model of awareness for other BRIC nations, and the global mining industry in general, to follow.
India is emerging as a fast economy, targeting 9-10% annual growth. Realizing the underlying growth potential will largely depend on it's ability to meet energy requirements. Energy sector whose growth targets inter alia depend on coal. At a 9% growth rate, the capacity requirement will be 960Gw and energy requirement will be 4,806 billion kWh. In the light of these projections, coal demand is estimated to rise many fold. Main concentration of Indian companies remains in Indonesia as many new mines are opened for exploration , exploitation and production .Today Indonesia is one of the most rapidly developing coal producing country in the world.
For a strong economy, one needs strong infrastructure and power plants. For strong infrastructure and power plants , one needs steel. Steel is the backbone of an economy, and it is metallurgical coal and thermal coal that is used to produce steel and electricity.
An increase in Coal production is the opposite of what the global climate change forums have wanted to see because coal without any doubt is one of the dirtiest and filthiest fossil fuel in terms of CO2 and when it comes to harmful emissions that most environmentalists and energy economists agree causes global warming.
Coal consumption is going in a direction that policy makers would prefer it not to go.
Critical question is whether there is a willingness amongst coal producers and power generating plants to make their technology cleaner, so it emits less greenhouse gases(GHG) which leads to global warming .Energy scientists have long been voicing concern on the rise in the level of Greenhouse gases, which leads to Global warming and climatic changes that are detrimental to economies worldwide.
The disastrous consequences for global climate change is one topic that has now taken very serious dimension but hardly been realised in a serious enough way by the nations across the world.
The new thermal plants being built are certainly more efficient than older ones. There exist technology to have emission-free power plants - the only constraint is the cost. The cost of clean coal technology is very high, yet when we look at the alternatives to coal, they are even higher than that - for example, nuclear, solar, wind. The real costs of all these alternatives are still to be determined, but there is no doubt that clean coal technologies can double the cost of coal in generating energy.
None of the alternatives appears to be commercially viable right now for required generation of energy without considering subsidies and tax incentives . If any country accepts sustainable growth and development as the way forward, it subsumes the climate change issues.
At the same time, no country can ignore the inherent contradiction in the expression ‘sustainable growth’.
Growth essentially involves exploiting natural resources for human benefit and countries have to strike a delicate balance between environmental sustainability and economic growth. It is easier said than done.
As the climate issue impinges on everyone, wisdom demands that nations sink their petty differences in approach and strategy to stem the danger from spreading further and squeezing the survival prospects of one and all.
Principally, the efforts boil down to reduction of greenhouse gas (GHG) emission, caused primarily by accelerated economic development through exploitation of fossil fuels rich in carbon dioxide.
Every action does not need to be official or based on protocols. In any case, every country need to adopt new methods and ways of doing things in optimising the use of exhaustible resources, energy and water. Corporations / Institutions must carry out energy analysis and incorporate environmental accounting practices to reduce green house gas emission levels at their facilities. The government, in turn, could enforce a form of taxation based on companies’ contribution to climate change.
Climate change is today's biggest problem, threatening mankind with extinction. The problem, largely of man's own doing, must be treated as an emergency by all.
The president of Indonesia issued a Presidential decree instructing all central and regional authorities to support the moratorium by suspending the granting of permits for the use of “primary natural forests” for two years. This Presidential decree is part of Indonesia’s efforts to comply with the bilateral agreement between Indonesia and Norway on forest conservation.
Various governments worldwide are beginning to put regulations in place and to encourage development of more sustainable sources of power generation in order to protect populations worldwide from the immediate detrimental effects on life and health, and to protect the environment for future generation.
By : Sunil K Kumbhat , Jodhpur( Rajasthan ) India
Views expressed herein are personal views of the author and not that of COALspot.com.
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Thursday, 22 March 12
ECI-CHINA HANDY RATES ARE AROUND US$ 8000 - FEARNLEYS
Handy
Another positive trend was seen last week with more cargoes entering the market. Skaw-Passero/US Gulf climbed slowly up to USD 3700, while US ...
Thursday, 22 March 12
DRY BULK MARKET KEEPS SURGING, CAPESIZES FALLING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what seems to be an establishing pattern, the dry bulk market has kept its upward momentum, edging closer to the 900 point-mark, but the larger s ...
Wednesday, 21 March 12
BUMA HAS PRODUCED 2.3 MILLION TONS OF COAL IN FEBRUARY 2012
COALspot.com - PT. Delta Dunia Makmur's overburden removal in February 2012 has reached totaled 23.8 million bcm (+2.4% YoY) while coal production ...
Tuesday, 20 March 12
SMALLER DRY BULK VESSELS STILL LEADING DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been growing during the past couple of weeks, but contrary to the usual practice, it’s not the larger Capesizes which ...
Monday, 19 March 12
WEEKLY DRY MARKET OVERVIEW: SMALLER VESSELS LEAD RATES HIGHER - MARIA BERTZELETOU, HELLENIC SHIPPING
The upward trend of the Baltic Dry Index persists strong from the end of February, spurred from the supramax market that offsets the weakness in the ...
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- International Coal Ventures Pvt Ltd - India
- Interocean Group of Companies - India
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- The University of Queensland
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Australian Coal Association
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
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