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Monday, 28 December 09
SOMALI PIRATES SAY $4 MILLION RANSOM PAID FOR COAL SHIP
 A helicopter dropped a $4 million ransom payment on Sunday on to the deck of a Chinese coal ship hijacked by Somali pirates in mid-October, a pirate source on board the vessel said.
The De Xin Hai and its 25 crew were carrying about 76,000 tons of coal from South Africa to Mundra in India when it was seized in an audacious attack by the gunmen some 700 miles east of the Horn of Africa.
Heavily armed sea gangs from Somalia have made tens of millions of dollars in ransoms hijacking vessels in the Indian Ocean and strategic Gulf of Aden, which links Europe to Asia.
Patrols in the area by warships from several nations only appear to have forced the pirates to hunt further from shore.
"A helicopter dropped the ransom money on to the ship. We have received $4 million," Hassan, one of the pirates on the De Xin Hai, told Reuters by telephone to cheers in the background.
"We hope to disembark in a few hours," he added.
"The crew is safe and, although they will not have their freedom for a few more days, they are all happy now."
The chaos in the waters off Somalia is a reflection of a civil war on land that has killed 19,000 civilians since the start of 2007 and driven 1.5 million from their homes, triggering one of the world's worst humanitarian emergencies.
Western security agencies say the drought-ridden nation has become a safe haven for militants, including foreign jihadists, who are using it to plot attacks across the region and beyond.
FIRST COAL SHIP HIJACKING
The October 19 hijacking of the De Xin Hai, which is owned by Qingdao Ocean Shipping, a unit of China Ocean Shipping or COSCO, was the first known seizure of a coal ship by Somali pirates.
Indian coal traders warned at the time that this might encourage the gangs to seize other coal ships, since these dry bulk carriers are smaller and have relatively small crews.
Experts say a higher risk of pirate attacks could disrupt an expected increase in the volume of South African coal heading to India after a boom in Indian demand over the last two years.
China sent three warships to Somali waters late last year with great fanfare after a ship carrying oil to China was attacked by pirates. But Chinese warships, like those from other countries, provide protection mainly in the narrow and dangerous Gulf of Aden, not in the much larger Indian Ocean.
In late October and again in November, the pirates on board the De Xin Hai threatened to execute its 25 mostly young sailors if the Chinese military tried to rescue them.
Separately on Sunday, regional maritime officials said Somali pirates freed an Indian fishing dhow last week, the Laxim Sagar, and its 10 crew. They were hijacked earlier this month.
The officials said no ransom was paid, but the gunmen stole money and belongings from the sailors before disembarking.
Source: Reuters
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Wednesday, 30 December 09
CHINA'S 2010 COAL DEMAND COULD RISE 4%-6%, ACCORDING TO CHINA SECURITIES JOURNAL
China, which is the world’s second-largest energy user, may consume between 4 and 6% more coal next year on continued economic growth, China S ...
Tuesday, 29 December 09
PROFIT IN COAL INDUSTRY DOWN 9.4% Y-O-Y IN JAN.- NOV.
In November, China's coal production was 289mln tons, up 26.3% year on year, an increase of 5.2% over last month. China's average daily trucks loa ...
Tuesday, 29 December 09
DHARMA HENWA EYES 20% REVENUE GROWTH
Local integrated mining services provider PT Dharma Henwa, which was earlier this year acquired by coal mining giant PT Bumi Resources, expects reve ...
Monday, 28 December 09
NEED TO IMPORT COAL COMES EARLY
Viet Nam may need to start importing coal as early as 2012, three years earlier than expected, to meet its electricity demands.
The Viet Nam Coal ...
Monday, 28 December 09
GOVT EYES $3.57B MINING, GEOTHERMAL INVESTMENT
The country can expect up to US$3.57 billion in investment in mining and geothermal energy next year, which would represent an increase by more than ...
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- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
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