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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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Saturday, 08 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market tumbled this week and the BDI dropped by almost 17% and closed at 2,772 points.
The cape and panam ...
Saturday, 08 August 09
SULTAN MINING SIGNS P8-BILLION, 10-YEAR COAL-SUPPLY CONTRACT WITH KEPCO POWER CORP.
COAL developer Sultan Mining and Energy Development Corp. (SMEDC) reported on Thursday that its subsidiary MG Mining and Energy Corp. signed an P8-b ...
Friday, 07 August 09
NEED TO HIKE DOMESTIC PRICES - COAL INDIA
WSJ reported that, The chairman of Coal India Ltd., the country's biggest coal producer, Friday said there was a need to hike domestic coal prices ...
Friday, 07 August 09
INDONESIA COAL NEWS UPDATES
PTBA to Produce 13 Million Tons
President Director of Tambang Batubara Bukit Asam (PTBA), Sukrisno has estimated coal production of the company th ...
Friday, 07 August 09
BALTIC DRY INDEX HAS WORST WEEK SINCE OCTOBER AS DEMAND SLOWS
Bloomberg reported that, The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for s ...
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- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Australian Coal Association
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Deloitte Consulting - India
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
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