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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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Friday, 23 October 09
AUSTRALIA APPROVES CHINESE TAKEOVER OF FELIX RESOURCES
* Australia give conditional approval to China's Felix deal
* Chinese owner must list the assets on Australian exchange
Reuters reported that, ...
Friday, 23 October 09
IVANHOE TARGETING 20 MILLION TONS OF COAL OUTPUT IN MONGOLIA
Bloomberg reported that, Ivanhoe Mines Ltd., developing a $4 billion copper and gold mine in Mongolia with Rio Tinto Group, is targeting long-term c ...
Friday, 23 October 09
XSTRATA PLANS $1BN AUSTRALIAN COAL PORT
Xstrata Plc, the world's biggest exporter of steam coal, plans to build a new $1 billion coal port in Australia, it said.
The proposed Balaclava ...
Friday, 23 October 09
MEXICO'S CFE SEEKS 6.24 MLN T COAL FOR 2010-12
Reuters reported that, Mexico's state-owned power monopoly plans to award a tender for 6.24 million tonnes of steam coal in December, according to ...
Friday, 23 October 09
CIL PRICE HIKE LIKELY TO PUSH POWER RATES UP
Business-Standard reported that, May squeeze cement companies’ margins, but the steel sector is unlikely to be affected much.
The upward re ...
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- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- PTC India Limited - India
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
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