We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 22 August 14
INDIAN IRON ORE ROYALTY RISE NOT LIKELY TO HURT STEELMAKERS' MARGINS - FITCH
 Fitch Ratings does not expect an increase in India's iron ore royalty rates to have a major impact on the profitability of steel producers in the country. Under the proposal approved by the Indian government, the royalty rate on iron ore will be increased to 15% from 10%. The government has not yet said when the increase will be implemented.
The higher royalty rates will raise the input costs of Indian steel producers by USD 2-5 per tonne of steel produced, depending on the type and grade of iron ore used. Fitch expects iron ore mining companies in India, which largely supply domestic users, to be able to pass on the increase given tight supply domestically, raising the input costs for both integrated and non-integrated steel producers.
Fitch expects steel producers to be able to pass on their higher costs to consumers because of a likely improvement in steel demand in India. As a result, the higher royalty is unlikely to have a major impact on Indian steel producers' profit margins.
Fitch expects steel demand growth to start to improve from the second half of the fiscal year ending 31 March 2015 (FY15), supported by a pick-up in consumption following rising consumer sentiments and an expected improvement in economic growth. The improving consumer sentiment is reflected in passenger vehicle sales data compiled by the Society of Indian Automobile Manufacturers - sales volumes during June and July 2014 rose from a year earlier, compared with a 6% fall in FY14.
Steel demand in India was weak during FY14 with consumption rising by just 0.6% to 73.9 million tonnes, according to data from Joint Plant Committee, a government body that collects data on the iron and steel industry. This was due to slow growth in the key steel consuming industries of automobiles, infrastructure, construction and engineering.
Iron ore exporters, who already pay high export duties on their shipments, will face slimmer profit margins following the increase in royalty. Iron ore exports (other than pellets) already attract export duty of 30%. India largely exports lower grade iron ore fines. The additional costs while global iron ore prices remain weak will significantly impact the competitiveness of iron ore exports from the country.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Rap ...
Friday, 14 June 24
NEXTDECADE, SAUDI ARAMCO SIGN 20-YEAR LNG SUPPLY DEAL - REUTERS
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco 2222.SE to supply 1.2 million tonnes per ...
Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2 ...
Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.
The cou ...
Thursday, 13 June 24
US LNG TO ASIA FOR POWER GENERATION EXPECTED TO CUT EMISSIONS VERSUS COAL - RYSTAD ENERGY
The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipp ...
|
|
|
Showing 16 to 20 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
|
| |
| |
|
