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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, 24 September 09
S.KOREA HYUNDAI STEEL TO BUY COAL FROM SIBERIA
Reuters reported that, South Korea's Hyundai Steel said on Wednesday it will buy a maximum of 300,000 tonnes of coal per year from Siberian Anthrac ...
Thursday, 24 September 09
NO IMPORTED COAL-BASED UMPPS: TATA POWER
Will wait until policy environment becomes more favourable.
Business Standard reported that, Tata Power Company (TPC), India’s largest priv ...
Thursday, 24 September 09
BUMI RAISES $1.9 BILLION SELLING DEBT TO CHINA'S CIC
Bloomberg reported that, PT Bumi Resources, Indonesia’s biggest coal producer, said it raised $1.9 billion selling debt to China’s sover ...
Thursday, 24 September 09
MACQUARIE DOWNGRADES U.S. COAL SECTOR TO NEUTRAL
Reuters reported that, Macquarie Research downgraded the U.S. coal sector to "neutral" from "overweight" as it believes that dem ...
Thursday, 24 September 09
CHINA WILL BE IMPORTER OF COKING COAL NEXT YEAR, MCCLOSKEY SAYS
Bloomberg reported that, China, the world’s largest coal user and producer, will remain an importer of the fuel through next year, according t ...
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- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Planning Commission, India
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Agrawal Coal Company - India
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Mercator Lines Limited - India
- VISA Power Limited - India
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
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