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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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Wednesday, 10 February 16
OWNERS APPEAR WILLING TO DISPOSE OF TONNAGE THE SOONEST IT HITS THE 10 YEAR MARK - TIMOS PAPADIMITRIOU
COALspot.com: The last two months of 2015 made a case for traditional shipowners to invest in the dry bulk sector, doing so though based purely on ...
Monday, 08 February 16
DRY-BULK SHIPPING DIVING DEEP
COALspot.com: The freight markets continued to fall this past week.
The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measure of glo ...
Monday, 08 February 16
DRY BULK: SHIPBROKER SEES BDI MARKET REACHING LOW POINT OF 236 POINTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The endless pit that is the dry bulk market over the past two months, has been the issue of debate among ship owners, shipbroker and analysts alike ...
Friday, 05 February 16
U.S. WEEKLY COAL OUTPUT ROSE 4.2% TO 13.6 MMST
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.6 million shor ...
Thursday, 04 February 16
CAPESIZE: WEST AUSTRALIAN TO CHINA HAS BEEN CONCLUDED AT US$ 2.85 PMT AND THE C3 MARKET REMAINS INACTIVE - FEARNLEYS
Capesize
As everyone is getting ready for the Chinese new year, already depressed rates are under further pressure.
According to Fearnleys, ...
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- Australian Coal Association
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- The University of Queensland
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
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