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Thursday, 29 October 09
CHINA MAY SEEK THERMAL COAL ELSEWHERE IF AUSTRALIAN EXPORT COSTS RISE, SAYS REPORT
The Australian reported that, CHINA is likely to turn to alternative markets for thermal coal if the cost and availability of Australia's exports are affected by carbon taxes and environmental concerns.
A study, released today by the University of Queensland and entitled “Coal and the Commonwealth”, said China, an increasing importer of thermal coal, would probably look to Indonesia and Russia for supply, if Australia’s exports were affected by carbon taxes and environmental concerns.
“However the ability of these countries to sustain supply to China is questionable,” the report found.
“In the event of volatility in supply China could revert to exploiting reserves of inferior quality coals located in its central and southern provinces.
“It is therefore in the world’s best interests to continue to make low emission Australian coal available at competitive world prices.”
The report also outlined the emerging new technologies for coal and the rise of the coal seam gas industry.
The report, edited by Professors Peter Knights and Michael Hood, said proven, probable and possible reserves of CSG now exceed 800 million tonnes -- larger than the LN G reserves off the north and west coasts of Australia.
“With over $18 billion of projects in the planning, the CSG industry has the potential to be the next great industry for Australia,” the report said.
The concept of a “cleaner coal” is shifting in Australia towards low emission coal technologies, the report said.
The Australian reported today that according to an audit by the Rudd government's own global carbon capture and storage institute, clean coal power stations were not viable until the carbon price reached a minimum of $60 a tonne -- a level the Australian government did not anticipate until almost 2030.
The new $100 million-a-year institute found the business case for clean coal technology could only work if governments helped build the first commercial-size carbon capture and storage power plants on a "field of dreams", or "build it and they will come", basis.
Resources Minister Martin Ferguson recently said as the world's largest exporter of coal and a nation which derives around 80 per cent of its electricity from coal, it was vital that Australia made technological progress on CCS -- and soon.
Today's report, commissioned by Peabody Energy, said Australia had sufficient CCS capacity to outlast its reserves of coal.
Twelve CCS demonstration programs worth in excess of $1 billion are currently underway in Australia.
“Australia, because of its vested interest in continuing to reap the economic benefits from its plentiful coal resources and its heavy reliance on coal as an energy resource, is among the world leaders in the development of these low emissions technologies,” the report said.
Source: The Australian
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Saturday, 17 October 09
US COAL MINERS LOOKING AT LOWER PROFITS
Most US coal miners are looking at sharply lower third-quarter earnings, but those that produce coal for steelmaking and export should enjoy higher ...
Friday, 16 October 09
INDONESIA EXPORTED 19,194,857 MT OF COAL IN SEPTEMBER 2009 - SOURCES
COALspot.com (Indonesia): Indonesia exported 19,194,857 MT of coal in September 2009. Out of total exported quantity, South Korea imported abou ...
Friday, 16 October 09
NAVIGATING THROUGH STORMY WATERS
To Theodore E Veniamis, the President of the Union of Greek Shipowners, the current turmoil in world shipping is due to the cyclical nature of marit ...
Friday, 16 October 09
COAL INDIA RAISES PRICE BY 11%
Trak reported that, State-owned Coal India Ltd (CIL) has raised the price of coal produced by its subsidiaries by an average of 11 percent effective ...
Thursday, 15 October 09
SOUTH AFRICAN MINING COMPANY ACCEPTED $92 MILLION BID FOR COAL MINE STAKE IN SIYANDA COAL
Paguntaka reported that, Sentula Mining Ltd. gained in Johannesburg trading after the South African company accepted a 686 million-rand ($92 million ...
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- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Banpu Public Company Limited - Thailand
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Minerals Council of Australia
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Australian Coal Association
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Eastern Energy - Thailand
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
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