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Monday, 17 August 09
COAL EXPORTS CONTINUE DESPITE SHORTAGE
 Vietnam News reported that, Viet Nam is exporting more coal despite a warning from experts that the country could face a shortage of this fossil fuel from 2013.
The Viet Nam National Coal and Mineral Industry group (Vinacomin) has said the country will have to import coal for domestic consumption beginning in 2013, but it could not identify the sources of coal to be imported to Viet Nam.
According to Vinacomin’s figures, by 2015 the country’s coal demand will reach 94 million tonnes per year, including 67 million tonnes required for thermo-power plants while Viet Nam’s coal production stands at 60 million tonnes.
Local demand will rise to 184 million tonnes, including 150 million tonnes for power plants, while domestic production will be only 70 million tonnes per year by 2020.
Companies with plants fuelled by coal such as steel refineries, glass manufacturers, fertiliser and chemical plants will also face challenges due to the coal shortage.
But to win contracts for coal imports is no easy task, even at a price three to four times as high as the prices offered for Viet Nam’s coal today.
Sai Gon Tiep Thi (Sai Gon Marketing) newspaper says most proposals made by Vietnamese groups to import coal, to buy stakes in overseas mining companies or puchase coal mines abroad have been rejected. The proposals came from such groups as Electricity of Viet Nam Corp. and Viet Nam Oil and Gas group.
A leader from a big group who declined to be named was quoted by Sai Gon Marketing as saying that buyers from Thailand and China snatched away several contracts for coal imports shortly before they could be inked between Vietnamese groups and foreign coal mining companies. "They [Thai and Chinese firms] seemed to be willing to buy coal at any cost," he said.
Despite the coal shortages, Vinacomin’s subsidiaries exported nearly 13.6 million tonnes of coal in the first seven months of 2009, a year-on-year increase of 7 per cent.
In addition, in March 2009, the Trade Ministry approved a plan to export 3 million tonnes of fine anthracite coal per year to China through the Van Gia transhipment area in coal mining Quang Ninh Province by directly signing contracts with Chinese companies.
Furthermore, illegal coal exports to China are also on the rise. At a meeting in late July, the Party Committee of Quang Ninh said most of the illegal coal exports in the northern provinces came from Vinacomin.
The company has punished a dozen of its personnel, including the director and deputy directors of Mao Khe Coal Co., for "not performing their responsibility in protecting State minerals".
The coal sector was pleased with the revenues of nearly $1.1 billion earned in domestic consumption and exports, and its contribution to the country’s GDP.
In a recent report, Vinacomin says domestic coal demand in 2010 will be around 25 million tonnes, and Viet Nam will have an additional 20 million tonnes for export. The company said it planned to reduce its coal exports to 5 million per year in 2012.
Sai Gon Marketing says to stop the illegal coal exports and seek solutions to energy shortages, coal export must be stopped as soon as possible.
MSG pollution claim denied
Monosodium glutamate maker Vedan Viet Nam has rejected a compensation demand by farmers in southern Dong Nai and Ba Ria-Vung Tau Provinces and HCM City for damages it caused by polluting the Thi Vai River, saying the sum sought by locals is too high.
On August 10, Hoang Nhu Vinh, a lawyer representing the Taiwanese company, said the amount of VND596.6 billion (US$33 million) demanded by the farmers associations is "groundless" and had not been endorsed by authorities.
They had asked Vedan to pay 45 per cent of the estimated losses to fisheries and 48 per cent of the losses suffered by aquaculturists due to its pollution of the river by discharging untreated waste.
The farmers made the demand based on the total revenues they would possibly earn by exploiting the river, without deducting input and labour costs, he said.
The company proposes to compensate only the losses it may have actually caused to farmers by identifying the victims and assessing the damage accurately.
According to a report released by the Environmental Protection Department in May 2006, a 10-kilometre section of the Thi Vai (from the 2nd to 12th milestones) was the most severely polluted.
But many other factories and industrial parks also discharge untreated wastewater into this section of the river.
In April this year, Vedan reportedly announced a "financial support" package of VND 25 billion (nearly $1.4 million) for farmers who suffered losses because of its pollution.
The general director of Vedan Viet Nam, Yang Kun-Hsiang, said the package comprises VND 7 billion each for farmers in Dong Nai and HCM City and VND 6 in Ba Ria-Vung Tau. The remaining VND 5 billion would be used to establish a fund to develop infrastructure and help farmers get other jobs.
But the associations slammed the offer as being too low.
Lawyer Vinh said if the farmers’ demand was much higher than the amount Vedan can pay, it would withdraw its offer and the two sides could meet in court.
The case began on September 8 last year when the environmental police reportedly caught Vedan discharging wastewater directly into the Thi Vai. They had mounted a three-month ambush to get evidence.
On September 29, the Ministry of Natural Resources and Environment announced that Vedan had dumped nearly 110,000 cubic metres of post-fermentation molasses residue and solid waste every month into the river, 2.5 times higher than the ministry had previously thought.
The Environmental Protection Department said to avoid detection, the company had stored the molasses waste in a 7,000 cu.m container. A second container of 15,000cu.m and some smaller ones of 1,500 cu.m were also found buried. The containers were connected by a system of pipelines and the waste was pumped into the middle of the river eight metres below the surface.
The health of the Thi Vai improved earlier this year after Vedan scaled back production, but the risk of pollution still hovers since the MSG producer has a huge quantity of untreated wastewater.
Speaking at a seminar held to discuss measures to clean up the Thi Vai in HCM City in May this year, the Minister of Natural Resources and Environment Pham Khoi Nguyen said the river had been polluted, mainly by Vedan. However, untreated industrial wastewater had also been discharged from the Nhon Trach 1, Nhon Trach 2, Go Dau, My Xuan, and Phu My industrial parks. — VNS (Le Hung Vong)
Source: Vietnam News
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Tuesday, 08 September 09
INDIA MAY HAVE A JOINT WORKING GROUP FOR COAL WITH INDONESIA: SRIPRAKASH JAISWAL - PRESS RELEASE
Press Information Bureau of India reported in its web site that, The Coal Ministry has, in principle, agreed to set up a Joint Working Group for coa ...
Tuesday, 08 September 09
INDONESIA OFFERS AN OPPORTUNITY TO INDIANS
Meri News reported that, Indonesia is all set to launch the country's second 10,000 MW accelerated power expansion programme. The new power develop ...
Tuesday, 08 September 09
BUKIT ASAM AIMS 14 MLN TONS COAL PRODUCTION
VIVA News reported that, The rise in coal production is mainly triggered by the step-up in domestic demand.
Coal mining company PT Tambang Batuba ...
Tuesday, 08 September 09
MERCHANT BANKERS ADVISE CIL ON INDONESIAN MINE BUYS
Business Standard reported that, State-owned Coal India Ltd (CIL) is being advised by four to five merchant bankers on acquisition of coal assets in ...
Tuesday, 08 September 09
THE 3RD ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2009 - PRESS RELEASE
The 3rd Asia Pacific Coal Trading & Investment Outlook 2009
Analysis of Asia Coal Market amid Global Financial Crisis
COALspot.com(Chin ...
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- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
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- International Coal Ventures Pvt Ltd - India
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- Sojitz Corporation - Japan
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- SMG Consultants - Indonesia
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- Wilmar Investment Holdings
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- Kalimantan Lumbung Energi - Indonesia
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- Ministry of Mines - Canada
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- Karaikal Port Pvt Ltd - India
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- The University of Queensland
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
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- Xindia Steels Limited - India
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- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
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- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
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- Bharathi Cement Corporation - India
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- Mintek Dendrill Indonesia
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- London Commodity Brokers - England
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
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- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
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- Bulk Trading Sa - Switzerland
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- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- White Energy Company Limited
- India Bulls Power Limited - India
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- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
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- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
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- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
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- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
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- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
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- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
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- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
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- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
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- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
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- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Sakthi Sugars Limited - India
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- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
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- Indian Energy Exchange, India
- Parliament of New Zealand
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- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Mjunction Services Limited - India
- Planning Commission, India
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
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- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
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- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
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