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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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Monday, 28 September 09
TATA POWER SCOUTS FOR COAL BLOCKS ABROAD
Business Standard reported that, private power producer Tata Power is scouting for coal mines abroad, including Australia and Mozambique, to meet de ...
Saturday, 26 September 09
THE INDIA / FAR EAST SEEMS WILL BE FIRM NEXT WEEK - VISTAAR
COALspot.com (Singapore): The dry bulk market was soft this week and the BDI dropped by almost 7 pct to 2,183 points. The cape size index dropped by ...
Saturday, 26 September 09
GSECL PLANS TO PROCURE 15 LAKH (1.5 MILLION) MT OF IMPORTED COAL
Business Standard reported that, State-run power generation company, Gujarat State Electricity Corporation Ltd (GSECL) intends to procure 15 lakh (1 ...
Saturday, 26 September 09
SAIL TO SET UP TWO SLAG-BASED CEMENT MANUFACTURING UNITS
Rediff Business reported that, Government-owned Steel Authority of India Ltd, the country's largest steel producer, is looking to set up two greenf ...
Friday, 25 September 09
INDONESIA STOCK EXCHANGE EXAMINES BUMI DEAL WITH CHINESE SOVEREIGN WEALTH FUND
The Jakarta globe reported that, The Indonesia Stock Exchange is looking into the $1.9 billion financing deal between PT Bumi Resources, the country ...
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- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- White Energy Company Limited
- Malabar Cements Ltd - India
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- VISA Power Limited - India
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- The University of Queensland
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Planning Commission, India
- Indian Energy Exchange, India
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
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