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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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Wednesday, 16 September 09
NAPOCOR GETS 3 OFFERS IN COAL TENDER
ABS-CBN news reported that, The Philippines' state-run National Power Corp. (Napocor) said on Wednesday it received offers from 3 Indonesian firms ...
Wednesday, 16 September 09
S.KOREA KOSEP BUYS 1.06 MLN T COAL-SOURCE
* 6,080 kcal/kg at $63-65, 4,900-5,350 kcal/kg at $56-58
* Initially about 5 mln T offered for tender
Reuters reported that, Korea South ...
Tuesday, 15 September 09
CHINA COAL EXPORT ROSE M-O-M FOR THE STRAIGHT 3 MONTHS
Alibaba reported that, In the January-August period, China coal exports slid by 55.9% to 14.83mln tons month on month. In August, China exported 1.9 ...
Monday, 14 September 09
CIL MAY REDUCE FLOOR PRICE OF E-AUCTION COAL
After receiving a lukewarm response to the forward e-auction started in two of its subsidiaries, Coal India Limited (CIL) is mulling to reduce the f ...
Monday, 14 September 09
INDONESIAN GOVT UPBEAT ABOUT $1.5B, 185-KM COAL RAILWAY PROJECT
In addition to a 30-year concession right, the government will also award a competitive pricing scheme as an incentive to lure investors in a US$1.5 ...
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- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- White Energy Company Limited
- Indian Oil Corporation Limited
- The University of Queensland
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
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