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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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Tuesday, 25 August 09
INDIAN FIRM TO INVEST $44 MN IN INDONESIA
Economic Times - India Times reported that, BEML Limited, India-based second largest heavy equipment producer in Asia, will invest $44 million in In ...
Tuesday, 25 August 09
BHARAT LOOKS TO BULLDOZE RIVALS WITH LOWER PRICES
The Jakarta Globe reported that, The country’s two established heavy equipment suppliers now have a competitor in the form of Indian firm Bhar ...
Tuesday, 25 August 09
PIKE RIVER DELAYS COAL EXPORTS FROM NEW ZEALAND MINE
South African mining Weekly reported that, The first 60,000-t export shipment from ASX-listed Pike River Coal’s new mine has been delayed unti ...
Monday, 24 August 09
INDONESIAN GOVT ASKED TO CONTROL COAL TRADERS, BROKERS
The Jakarta Post, the leading English news paper in Indoneisa reported that, Businesses are urging the government to bring all coal traders and brok ...
Monday, 24 August 09
10,000 MW TO BE GENERATED THROUGH THAR COAL RESERVES BY 2020
Four projects of 2450 MW approved; govt to invest Rs80bn in five years on infrastructure
The News Pakistan reported that, The Thar Coal a ...
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- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- White Energy Company Limited
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- The University of Queensland
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Minerals Council of Australia
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
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