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Friday, 05 February 16
COAL INDIA EYES COAL MINES IN SOUTH AFRICA - PTI
 “Coal India Ltd has plans of acquiring coal mines in South Africa,” an official said. It is looking at acquiring mines in partnership with the government of South Africa, he said, declining to share further details.
As it gears up to meet 1 billion output target, state-owned CIL is planning to acquire coal mines in South Africa in partnership with local government amid falling prices of assets globally. “Coal India Ltd has plans of acquiring coal mines in South Africa,” an official said. It is looking at acquiring mines in partnership with the government of South Africa, he said, declining to share further details.
The world’s biggest coal miner had earlier decided to relinquish about three-fourths of the two blocks it was allotted in Mozambique for exploration and development. The decision was based on interim geological report prepared CMPDIL – a planning subsidiary of CIL. Coal India Africana Limitada (CIAL), a fully-owned subsidiary of the state-owned firm, was allotted two leasehold licences for extraction of coal of about 224 sq km in Tete province of Mozambique in August 2009.
“I can only say you that Coal India has plans of acquiring mines in South Africa in partnership with the government there,” the CIL official said. Sharing his views on availability of coal assets in global market, KPMG’s Niladri Bhattacharjee said that just because an asset is priced less may not make it suitable for acquisition. Operating coal assets up for sale globally may now be priced low for the simple reason that they are uncompetitive and global demand is structurally reduced on account of Chinese growth going out of the market, he said.
“New reserves (in Mozambique or Waterberg region of South Africa) suffer from developmental and evacuation challenges thereby increasing their time-to-value. Also the ocean freight and evacuation from discharge port stand-point will continue to pose a challenge for imported coal being competitive,” Bhattacharjee said, adding that any new asset investment needs to be with a horizon of 30 years or so. With the uptick in domestic coal production and renewables, imports are steadily decreasing. It is perhaps best for coal public sector undertakings to focus on maximising domestic production now than investing on assets which can turn into a liability post 2025/2030, he said.
According to Rajiv Agrawal, Secretary, Indian Captive Power Producers Association, on an average current South African coal price is between USD 42-44 per tonne and the futures market suggests below USD 40 per tonne. On the other hand, average domestic prices of coal were in the range of Rs 1,100 to Rs 1,200 per tonne, about half that rate.
CIL, which accounts for over 80 per cent of the domestic coal production, has targeted one billion tonnes of dry fuel output by 2020. It is set for a record production of 550 million tonnes this fiscal.
Source: PTI | Hellenic Shipping News
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Friday, 12 February 16
DRY BULK MARKET'S FORTUNES STILL TIED WITH CHINA'S ECONOMY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The inevitable slowdown of the Chinese economy was expected to hurt dry bulk shipping, but few expected the blow to be this hard, especially given ...
Friday, 12 February 16
COAL PRICES ARE EXPECTED TO DECLINE 13% IN 2016 TO $50 ATON, ON CONTINUED WEAK DEMAND AND OVERSUPPLY - WORLD BANK
COALspot.com: Thermal coal prices fell 9 percent in the fourth quarter on continued weak demand, high stocks, and surplus production, World Bank sa ...
Friday, 12 February 16
U.S. COAL PRODUCTION OFF 5.4% FROM LAST WEEK - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 12.9 million shor ...
Thursday, 11 February 16
GLOBAL NEWBUILDING ORDERBOOK IS SHRINKING ON A DAILY BASIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
2016 has started right where 2015 left off when it comes to newbuilding ordering activity, i.e. there are slim pickings to be had from shipyards ar ...
Wednesday, 10 February 16
SOUTH AFRICA IS HOPING TO SHIP MORE COAL TO INDIA IN 2016
COALspot.com: South Africa is hoping to boost coal exports to India after shipping a record 75.4 million tonnes of coal in 2015, industry officials ...
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- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- The University of Queensland
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
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