COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 01 July 09
COAL INDIA SEEKS FASTER APPROVALS, IMPORTS, OVERSEAS MINERS


Coal India Ltd., the world’s biggest coal producer, wants mining approvals sped up to help it boost production to meet a widening supply shortfall that is forcing more imports, Chairman Partha Bhattacharyya said.

Faster consent will allow the company to increase output by 10 percent, above its target of 7.5 percent, from a current production of 404 million metric tons a year, Bhattacharyya said in an interview. Domestic output has failed to meet demand, particularly from power generation, requiring the nation to increase imports by an average 10 percent to 15 percent a year.

“Increasing coal production capacity is not the same as adding to power generation capacity because you need so many other things,” Bhattacharyya said in New Delhi on June 15. “Coal in India is found in forests and places that are inhabited by tribes. Mining disturbs both.”

India, the world’s second fastest-growing major economy after China, aims to add 13,000 megawatts of new capacity annually, President Pratibha Patil said in parliament on June 4. More power is needed to cut outages that last as long as 8 hours in peak summer months in the capital. The country’s surge in power use has created a gap in coal production meeting demand from generators, Bhattacharyya said.

“If power generation capacity has to increase at a rate of 7 to 8 percent, maybe it can be managed,” he said. “But if it is to increase at 20 percent, I don’t think coal for that can come from indigenous sources.”

Overseas Partners

Coal India is taking steps to boost production, he said. It will seek to join with foreign companies to develop underground mines, Bhattacharyya said. Coal India, which mines more coal than Peabody Energy Corp. and China Shenhua Energy Co., the top coal producers in the U.S. and China, was created in 1975 from nationalized companies and has concentrated on less-complicated open-cast mining.

Environmental approvals to prospect for more reserves is a process that can take as long as seven years in India, Bhattacharyya said.

The constraints of coal production are forcing companies to seek reserves overseas. Coal India is looking at importing 4 million tons of coal this year.

NTPC Ltd., India’s biggest electricity generator, plans to import 12.5 million tons. Both state-owned companies are also scouting for overseas mines. In 2007, Tata Power Co., which is building a 4,000-megawatt plant in western India, bought a 30 percent stake in two coal mining units owned by Indonesia’s PT Bumi Resources, Asia’s third-largest coal miner. The $4.14 billion plant will run on coal from the Indonesian mines.

Imports Jump

India’s coal imports will more than double to 100 million tons by 2012 from 40 million tons, estimates Kaamil Fareed, a senior trading manager at the Coal & Oil Group, which supplies coal in India and Pakistan.

Coal India also plans to revive old mines to meet power plant demand for the fuel.

The company has identified 18 old underground mines with total reserves of 1.6 billion tons to increase output. These mines were abandoned by Coal India because of difficulties such as water-logging and fire. Coal India short-listed ArcelorMittal, the world’s biggest steelmaker, and nine other companies to develop its abandoned mines, Bhattacharya said yesterday.

Coal India has favored open-cast pits over underground mines, he said, as the majority of proved reserves were at depths of less than 300 meters (984 feet). “We know that we have a shortcoming in planning underground mines because we kept on doing better and better in open cast,” Bhattacharya said. “But underground has been ignored.”

Going Underground

Coal India lost the skill of underground mining because of its preference for the open-cast method, said Ashok Dhillon, chief executive officer at Canasia Power Corp., a Canadian company that has been trying to build a power plant in northern India for 15 years amid a lack of coal supplies.

“While they are one of the largest producers in the world by sheer volume, they are not the most expert of miners,” Dhillon said. “There may be reserves that Coal India finds difficult to get at but other international mining companies would find relatively easy to mine.”

The company has identified seven coal blocks where underground mines with a capacity of between 2 million tons and 5 million tons can be set up. The planning and development of the mines will be outsourced to international companies.

Source: Bloomberg (http://www.bloomberg.com/apps/news?pid=20601087&sid=aTGLk9JaTGBw)  



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Sunday, 21 June 09
CHINESE MINERS SEAL THERMAL COAL DEALS WITH JAPAN AND KOREA
As the confrontation between China's power and coal enterprises become more and more serious, coal enterprises which had supposedly been in the sho ...


Sunday, 21 June 09
MERCATOR TO BUY 3 BULK VESSELS
Mercator Lines, India’s second-largest private shipping company, is expanding its capacity and is set to acquire three gearless post-Panamax b ...


Sunday, 21 June 09
COAL SCARCITY HITS BIHAR POWER PLANTS
The Rs 60,000 crore 12,500mw power projects cleared by the State Investment Planning Board (SIPB) which could change the face of Bihar if commission ...


Sunday, 21 June 09
NLC CHALKS OUT RS 40K CR INVESTMENT
Public sector mini rathna, Neyveli Lignite Corporation is in rapid expansion mode and has chalked out Rs 40,000 crore investment both in the mining ...


Sunday, 21 June 09
TRANSPORT PROBLEMS HOLD BACK RUSSIAN COAL EXPORTS
Limited rail capacity and poor port infrastructure are frustrating the ambitions of Russia's leading coal producers to increase exports quickly to ...


   1331 1332 1333 1334 1335   
Showing 6661 to 6665 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Videocon Industries ltd - India
  • Mitra SK Pvt Ltd - India
  • Indian Energy Exchange, India
  • Essar Steel Hazira Ltd - India
  • Mintek Dendrill Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • Merrill Lynch Bank
  • PetroVietnam Power Coal Import and Supply Company
  • Credit Suisse - India
  • Indian Oil Corporation Limited
  • CCIC - Indonesia
  • Thriveni
  • Jaiprakash Power Ventures ltd
  • Kobe Steel Ltd - Japan
  • Attock Cement Pakistan Limited
  • Mechel - Russia
  • Ernst & Young Pvt. Ltd.
  • Coal Orbis AG
  • DBS Bank - Singapore
  • Bhoruka Overseas - Indonesia
  • SUEK AG - Indonesia
  • Romanian Commodities Exchange
  • Pinang Coal Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Coaltrans Conferences
  • Indian School of Mines
  • IEA Clean Coal Centre - UK
  • White Energy Company Limited
  • ETA - Dubai
  • Formosa Plastics Group - Taiwan
  • OPG Power Generation Pvt Ltd - India
  • RBS Sempra - UK
  • IOL Indonesia
  • Binh Thuan Hamico - Vietnam
  • NTPC Limited - India
  • Mercator Lines Limited - India
  • Borneo Indobara - Indonesia
  • Deutsche Bank - India
  • TNB Fuel Sdn Bhd - Malaysia
  • GMR Energy Limited - India
  • Permata Bank - Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • Lafarge - France
  • KEPCO - South Korea
  • Surastha Cement
  • Carbofer General Trading SA - India
  • Kapuas Tunggal Persada - Indonesia
  • Port Waratah Coal Services - Australia
  • TNPL - India
  • International Coal Ventures Pvt Ltd - India
  • Idemitsu - Japan
  • IBC Asia (S) Pte Ltd
  • Geoservices-GeoAssay Lab
  • SN Aboitiz Power Inc, Philippines
  • Asian Development Bank
  • Savvy Resources Ltd - HongKong
  • Rashtriya Ispat Nigam Limited - India
  • Marubeni Corporation - India
  • Independent Power Producers Association of India
  • Sucofindo - Indonesia
  • Altura Mining Limited, Indonesia
  • Latin American Coal - Colombia
  • Cebu Energy, Philippines
  • Africa Commodities Group - South Africa
  • Neyveli Lignite Corporation Ltd, - India
  • Arutmin Indonesia
  • Coastal Gujarat Power Limited - India
  • Oldendorff Carriers - Singapore
  • San Jose City I Power Corp, Philippines
  • GVK Power & Infra Limited - India
  • Kideco Jaya Agung - Indonesia
  • Cargill India Pvt Ltd
  • Pendopo Energi Batubara - Indonesia
  • KPMG - USA
  • Planning Commission, India
  • Reliance Power - India
  • Inspectorate - India
  • Holcim Trading Pte Ltd - Singapore
  • CoalTek, United States
  • Bukit Asam (Persero) Tbk - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Vijayanagar Sugar Pvt Ltd - India
  • PLN - Indonesia
  • Sical Logistics Limited - India
  • Xstrata Coal
  • Wood Mackenzie - Singapore
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Tata Chemicals Ltd - India
  • Kartika Selabumi Mining - Indonesia
  • Gujarat Sidhee Cement - India
  • Xindia Steels Limited - India
  • TeaM Sual Corporation - Philippines
  • Platou - Singapore
  • Indika Energy - Indonesia
  • Orica Mining Services - Indonesia
  • Russian Coal LLC
  • Straits Asia Resources Limited - Singapore
  • Jatenergy - Australia
  • Kepco SPC Power Corporation, Philippines
  • India Bulls Power Limited - India
  • ANZ Bank - Australia
  • Manunggal Multi Energi - Indonesia
  • Panama Canal Authority
  • Petron Corporation, Philippines
  • OCBC - Singapore
  • Mjunction Services Limited - India
  • VISA Power Limited - India
  • LBH Netherlands Bv - Netherlands
  • Rudhra Energy - India
  • Vitol - Bahrain
  • Economic Council, Georgia
  • Maheswari Brothers Coal Limited - India
  • Bangkok Bank PCL
  • Cigading International Bulk Terminal - Indonesia
  • APGENCO India
  • J M Baxi & Co - India
  • Singapore Mercantile Exchange
  • Ceylon Electricity Board - Sri Lanka
  • Indorama - Singapore
  • GAC Shipping (India) Pvt Ltd
  • Chettinad Cement Corporation Ltd - India
  • Bharathi Cement Corporation - India
  • Leighton Contractors Pty Ltd - Australia
  • Krishnapatnam Port Company Ltd. - India
  • Japan Coal Energy Center
  • UOB Asia (HK) Ltd
  • Sakthi Sugars Limited - India
  • Argus Media - Singapore
  • Indonesian Coal Mining Association
  • Medco Energi Mining Internasional
  • Semirara Mining and Power Corporation, Philippines
  • ING Bank NV - Singapore
  • Mercuria Energy - Indonesia
  • Trasteel International SA, Italy
  • Bayan Resources Tbk. - Indonesia
  • GHCL Limited - India
  • Kumho Petrochemical, South Korea
  • Moodys - Singapore
  • Total Coal South Africa
  • Noble Europe Ltd - UK
  • Larsen & Toubro Limited - India
  • Thiess Contractors Indonesia
  • Star Paper Mills Limited - India
  • Salva Resources Pvt Ltd - India
  • Iligan Light & Power Inc, Philippines
  • IMC Shipping - Singapore
  • Bhushan Steel Limited - India
  • Interocean Group of Companies - India
  • Kaltim Prima Coal - Indonesia
  • Core Mineral Indonesia
  • Aditya Birla Group - India
  • Shree Cement - India
  • bp singapore
  • Toyota Tsusho Corporation, Japan
  • Coeclerici Indonesia
  • PTC India Limited - India
  • Aboitiz Power Corporation - Philippines
  • EIA - United States
  • Bukit Baiduri Energy - Indonesia
  • Semirara Mining Corp, Philippines
  • Jorong Barutama Greston.PT - Indonesia
  • Cardiff University - UK
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • TGV SRAAC LIMITED, India
  • Ind-Barath Power Infra Limited - India
  • JPMorgan - India
  • Tamil Nadu electricity Board
  • Siam City Cement PLC, Thailand
  • Timah Investasi Mineral - Indoneisa
  • Dalmia Cement Bharat India
  • Coalindo Energy - Indonesia
  • Minerals Council of Australia
  • Therma Luzon, Inc, Philippines
  • South Luzon Thermal Energy Corporation
  • AsiaOL BioFuels Corp., Philippines
  • Petrosea - Indonesia
  • Karaikal Port Pvt Ltd - India
  • Sojitz Corporation - Japan
  • NALCO India
  • Kobexindo Tractors - Indoneisa
  • ACC Limited - India
  • JPower - Japan
  • Tata Power - India
  • Bulk Trading Sa - Switzerland
  • Riau Bara Harum - Indonesia
  • Qatrana Cement - Jordan
  • Vizag Seaport Private Limited - India
  • Uttam Galva Steels Limited - India
  • Malco - India
  • Siam City Cement - Thailand
  • Heidelberg Cement - Germany
  • Indo Tambangraya Megah - Indonesia
  • Posco Energy - South Korea
  • Fearnleys - India
  • Anglo American - United Kingdom
  • Asmin Koalindo Tuhup - Indonesia
  • Meralco Power Generation, Philippines
  • Antam Resourcindo - Indonesia
  • Eastern Energy - Thailand
  • HSBC - Hong Kong
  • GB Group - China
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Goldman Sachs - Singapore
  • SGS (Thailand) Limited
  • Commonwealth Bank - Australia
  • Central Java Power - Indonesia
  • Chamber of Mines of South Africa
  • UBS Singapore
  • Thailand Anthracite
  • Indonesia Power. PT
  • Australian Commodity Traders Exchange
  • Lanco Infratech Ltd - India
  • Electricity Generating Authority of Thailand
  • Asia Cement - Taiwan
  • Standard Chartered Bank - UAE
  • Global Coal Blending Company Limited - Australia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Sindya Power Generating Company Private Ltd
  • GNFC Limited - India
  • Ministry of Finance - Indonesia
  • PNOC Exploration Corporation - Philippines
  • Merrill Lynch Commodities Europe
  • CIMB Investment Bank - Malaysia
  • Gresik Semen - Indonesia
  • Meenaskhi Energy Private Limited - India
  • Gupta Coal India Ltd
  • World Bank
  • World Coal - UK
  • The University of Queensland
  • Infraline Energy - India
  • Bhatia International Limited - India
  • GN Power Mariveles Coal Plant, Philippines
  • New Zealand Coal & Carbon
  • The India Cements Ltd
  • Madhucon Powers Ltd - India
  • Cement Manufacturers Association - India
  • Adaro Indonesia
  • Glencore India Pvt. Ltd
  • Cemex - Philippines
  • Energy Link Ltd, New Zealand
  • Kohat Cement Company Ltd. - Pakistan
  • Maybank - Singapore
  • Global Business Power Corporation, Philippines
  • Bank of China, Malaysia
  • Wilmar Investment Holdings
  • Runge Indonesia
  • Electricity Authority, New Zealand
  • Thomson Reuters GRC
  • Bahari Cakrawala Sebuku - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • The Treasury - Australian Government
  • Agrawal Coal Company - India
  • Gujarat Electricity Regulatory Commission - India
  • Berau Coal - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Intertek Mineral Services - Indonesia
  • Inco-Indonesia
  • EMO - The Netherlands
  • Freeport Indonesia
  • Power Finance Corporation Ltd., India
  • Bangladesh Power Developement Board
  • Edison Trading Spa - Italy
  • Coal and Oil Company - UAE
  • Tanito Harum - Indonesia
  • Australian Coal Association
  • Barasentosa Lestari - Indonesia
  • McConnell Dowell - Australia
  • Makarim & Taira - Indonesia
  • PetroVietnam
  • Simpson Spence & Young - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Malabar Cements Ltd - India
  • Samtan Co., Ltd - South Korea
  • Sree Jayajothi Cements Limited - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • SASOL - South Africa
  • Banpu Public Company Limited - Thailand
  • Petrochimia International Co. Ltd.- Taiwan
  • Miang Besar Coal Terminal - Indonesia
  • Georgia Ports Authority, United States
  • Sarangani Energy Corporation, Philippines
  • Ministry of Mines - Canada
  • Central Electricity Authority - India
  • KOWEPO - South Korea
  • Thermax Limited - India
  • CESC Limited - India
  • London Commodity Brokers - England
  • Enel Italy
  • U S Energy Resources
  • Cosco
  • Shenhua Group - China
  • Jindal Steel & Power Ltd - India
  • ASAPP Information Group - India
  • SRK Consulting
  • Metalloyd Limited - United Kingdom
  • Renaissance Capital - South Africa
  • Orica Australia Pty. Ltd.
  • The State Trading Corporation of India Ltd
  • Vale Mozambique
  • Bank of America
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Deloitte Consulting - India
  • McKinsey & Co - India
  • Baramulti Group, Indonesia
  • BNP Paribas - Singapore
  • Mitsui
  • Ambuja Cements Ltd - India
  • Britmindo - Indonesia
  • Platts
  • Parliament of New Zealand
  • Ince & co LLP
  • Bukit Makmur.PT - Indonesia
  • Vedanta Resources Plc - India
  • CNBM International Corporation - China
  • Energy Development Corp, Philippines
  • TANGEDCO India
  • KPCL - India
  • Barclays Capital - USA
  • Ministry of Transport, Egypt
  • MS Steel International - UAE
  • BRS Brokers - Singapore
  • Directorate Of Revenue Intelligence - India
  • Thai Mozambique Logistica
  • Adani Power Ltd - India
  • MEC Coal - Indonesia
  • European Bulk Services B.V. - Netherlands
  • Maruti Cements - India
  • ICICI Bank Limited - India
  • TRAFIGURA, South Korea
  • Peabody Energy - USA
  • Clarksons - UK
  • Coal India Limited
  • Karbindo Abesyapradhi - Indoneisa
  • globalCOAL - UK
  • Arch Coal - USA
  • Maersk Broker
  • SMC Global Power, Philippines
  • SMG Consultants - Indonesia
  • Parry Sugars Refinery, India
  • Mitsubishi Corporation
  • PowerSource Philippines DevCo
  • Humpuss - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Indogreen Group - Indonesia
  • PLN Batubara - Indonesia
  • Rio Tinto Coal - Australia
  • Directorate General of MIneral and Coal - Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • Eastern Coal Council - USA
  • Grasim Industreis Ltd - India
  • Price Waterhouse Coopers - Russia
  • IHS Mccloskey Coal Group - USA
  • Globalindo Alam Lestari - Indonesia
  • Samsung - South Korea
  • WorleyParsons