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Monday, 02 November 09
RIO TINTO WARNS ON CHEAP MONGOLIAN COAL
The Age reported that, Mining giant Rio Tinto has warned that cheap coal from Mongolia as well as congestion at the Port of Newcastle in NSW could undermine export markets for the Australian commodity.
Rio Tinto chief executive Tom Albanese said he knew the leader of an energy company who likened opportunities in Mongolia to a ‘‘religious experience’’.
‘‘Coal from Mongolia to China is happening. It is expanding, probably doubling every two years,’’ Mr Albanese told an investors’ conference in Sydney on Monday.
‘‘Will that coal get to the seaborne markets? I suspect it will.
‘‘Will it get to the seaborne markets at a lower delivered cost than Australian coal? I suspect it will too,’’ he said.
Mr Albanese said problems at the world’s biggest coal port, Newcastle, were unhelpful.
He said Rio Tinto’s Australian coal production was not at capacity purely because of logistical reasons in getting the coal exported.
‘‘We should remind ourselves that Australia is not the only source of supply for the Asian seaborne market, so if the coal chain does not pick up, others will find their way to that market,’’ he said.
Mr Albanese said Rio Tinto was leading the way in moving towards a longer-term take-or-pay arrangement at the Newcastle port facility.
Newcastle’s coal port has been plagued by congestion over the past 20 years, causing headaches for exporters.
Mr Albanese said his company was continuing to look to invest in Mongolia, where coal coal horizons were 300 metres or more in thickness.
‘‘We have coal interests through our stake in Ivanhoe (Australia Ltd) but we also have coal interests on our own in Mongolia via Rio Tinto explorations,’’ he said.
Source: The Age
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Tuesday, 08 December 09
RICHARDS BAY COAL SHIPMENTS FELL 11% IN NOVEMBER FROM YEAR AGO
Coal exports from South Africa’s Richards Bay, site of the continent’s largest export terminal for the fuel, fell 11 percent in November ...
Tuesday, 08 December 09
HIGH GLOBAL COAL PRICES HIT POWER PROJECTS
Spot prices for the fuel have appreciated almost 10% in November.
After a sedate year, rising coal prices could hit the coffers of import-based d ...
Monday, 07 December 09
HOW INDIA CAN CUT ITS ENERGY NEEDS BY 20%!
Using energy more efficiently can reduce our energy needs by one fifth; it is a strategy we must pursue even as we promote renewables, says Kirit Pa ...
Monday, 07 December 09
ASIA COAL POWER IN INDONESIA DISCUSSES NEW MINING LAW, COAL AND POWER SECTORS AS INVESTMENTS POUR INTO COALMINES TO SECURE SUPPLIES
COALspot.com (Singaproe): Press Release - Asia Coal Power pinpoints growing power demand in Asia & Power sector investments in Indonesia's coal ...
Monday, 07 December 09
DRY BULK RATES' VOLATILITY TO STAY, BUT RECOVERY IS UNDERWAY SAYS ION VAROUXAKIS HEAD OF FREESEAS
In an interview with Hellenic Shipping News, Mr. Ion G. Varouxakis, Chairman of the Board, President and CEO of Nasdaq-listed Freeseas, explains why ...
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- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- The University of Queensland
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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