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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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Saturday, 14 November 09
ASIA'S POWER SECTOR IS INVESTING IN COALMINES TO SECURE SUPPLIES
COALspot.com (Press Release): Asia Coal Power conference in Jakarta pinpoints growing power demand in Asia & Power sector investments in Indones ...
Friday, 13 November 09
API4 IGNORES LOW COAL TRADES - SWISS SINGAPORE
* Jan, Feb S.Africa coal prices hit 12-month highs
* Indian trader says deals done dollars below index
Reuters reported that, the physical coal ...
Thursday, 12 November 09
INDONESIA'S BUMI COAL PRODUCTION TO INCREASE
The sale is predicted to jump 14 percent to 58 million tons.
Viva News reported that, PT Bumi Resources Tbk. (BUMI) projected that the company's ...
Thursday, 12 November 09
INDIA'S BHEL IS IN INDONESIA NOW WITH THE COST EFFECTIVE CFBC BASED BOILER TURBINE PACKAGES
COALspot.com(Indonesia): BHEL, the largest engineering and manufacturing enterprise in India in the energy-related / infrastructure sector, is now f ...
Thursday, 12 November 09
NTPC FARAKKA AND KAHALGAON UNITS SHUT DOWN ON COAL SHORTAGE
Operations at two units each of power major NTPC Ltd’s 1600 MW Farakka and the 2340 MW Kahalgaon stations have ground to a halt due to an acut ...
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- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Parliament of New Zealand
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- Marubeni Corporation - India
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
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