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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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Thursday, 08 October 09
MINING TO ATTRACT $6B: BKPM
The Jakarta Post reported that, Indonesia’s mining sector could expect investment of up to US$6 billion in the 2010-2012 period, in part becau ...
Thursday, 08 October 09
INDIA DEMAND TO HELP DIRE COAL OUTLOOK - MACQUARIE
Reuters reported that, Macquarie Securities said on Wednesday its bearish short-term outlook on thermal coal may begin improving in a year's time o ...
Thursday, 08 October 09
ESSAR UNIT WINS INR 479 CR (US$ 103,272,401) ORISSA PROJECT
The firm will develop and operate the terminal at Paradip port; the contract will stretch up to 30 years
Live Mint reported that, Essar Shipping ...
Wednesday, 07 October 09
ESSAR, JINDAL IN TAKEOVER TUSSLE FOR AUSTRALIAN COAL MINER
Reuters reported that, Privately owned Essar Group has launched a surprise A$144.2 million ($128.1 million) bid for Australian coal minnow Rocklands ...
Wednesday, 07 October 09
ADARO SECURES $500 M LOAN
The Jakarta Post reported that, The country's second largest coal producer, PT Adaro Energy announced on Wednesday that it has secured US$500 milli ...
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- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Indika Energy - Indonesia
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- The University of Queensland
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- Australian Coal Association
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- White Energy Company Limited
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
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