We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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 and Mineral Industries Group (Vinacomin) said it would be able to supply enough coal for the nation's electricity needs until 2011 but would need to start importing it in 2012.
The need to import parallels the country's demand for electricity, which is expected to increase by 17-20 per cent a year, according to a report by the Ministry of Industry and Trade.
Due to the country's rising reliance on thermal power generation and the Government's increasing power generation targets, much more coal than is currently being produced domestically would be needed. Dr. Pham Khanh Toan, director of the Institute of Energy of Viet Nam, said at a recent international conference in Ha Noi.
Toan said that the sector was already failing to meet Government targets as in the fourth quarter of 2009 the domestic electricity industry produced an extra 1,400 MW instead of the targeted additional 3.393MW.
Toan said this year's total output would be much lower than the Government's target.
The Ministry of Industry and Trade report said that in order to meet electricity demands for the period from now to 2025, Viet Nam will need about 4,000 MW more every year. As hydropower resources have nearly been fully exploited, and natural gas resources are limited, the country will have to rely on coal-run thermal power plants.
The report stated the demand for coal for power production is estimated to hit 32.5 million tonnes in 2013 and 44 million tonnes in 2015.
Vinacomin estimated that the volume of imported coal would be around 10 million tonnes in 2012. It will be increasing year by year and reach about 28 million tonnes in 2015 and 66 million tonnes in 2020. The majority of imported coal would be for thermal power plants.
Independent analysts said the coming shortage of the fossil fuel was due to continuous overexploitation and overexport of the country's coal resources.
Since 2004, the volume of coal that Viet Nam has exported has increased five-fold, reaching 32.5 million tonnes in 2007. This does not include the illegal export of 10 million tonnes a year.
The Ministry of Planning and Investment in 2006 warned that if the Government did not take measures to limit coal exports, the important natural resource would become exhausted, while Viet Nam needs to ensure energy security for the future.
Ministry experts also warned recently that the country would pay dearly for future coal imports, since the money earned from exports could only buy back a third of the volume.
Taking coal exports in 2007 as an example, they said the US$1.018 billion earned from exporting 32.5 million tonnes, would have only bought 7.5 million tonnes one year later (2008).
Despite the warnings, coal exports in 2007 were still very high, registering a year on year increase of 11 per cent.
The coal industry still plans, however, to continue coal exports at large volumes even when the country's coal resources are running low.
At present, Vinacomin can exploit over 50 million tonnes of coal a year, of which 15-20 million tonnes are provided for the domestic consumers, while the remaining is for export mainly to mainland China. The company expects to export 22.5 million tonnes of coal by the end of this year, accounting for more than half of its total output.
A representative of Vinacomin explained by saying that domestic coal prices were lower than export rates, while the domestic coal industry was in dire need of capital for upgrading technology and equipment.
Experts said the annual domestic coal supply had reached a limit since the country's open-cut mines were being exhausted.
The Quang Ninh Coal Mine in the same name province, which is the country's main coal producer, is a typical example. Although the mine had total reserves of 10.5 billion tonnes, it was running low because of constant overexploitation for more than 100 years.
Dr Nguyen Thanh Son, director of the Song Hong Energy Company, said that over the past 13 years if Vinacomin had not focused on just exporting coal but intensifying investments into improving its production and trading efficiency, the coal imports could have been delayed for dozens of years.
Import challenges
Related industries said that while coal importation was inevitable it would not be an easy task.
Experts from Vinacomin said coal resources were rapidly diminishing because more countries in the world were building big thermal power plants.
Consequently there would be strong competition from countries like Japan, South Korea and Taiwan who have existing long term coal import contracts with major suppliers such as Australia and Indonesia.
Another obstacle is the lack of infrastructure such as ports to import coal.
Vinacomin recently decided to set up a task group responsible to draw up coal import plans and find coal suppliers.
The group members will include Government officials and leaders of relevant industries.
Source: VietNamNet/Viet Nam News
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Sunday, 03 January 10
BHP TO STAY IN MARUWAI AND TO KEEP 75 PERCENT OF THE STAKE
Despite recent statements that it would pull out completely from Indonesia, the world's largest mining company BHP Billiton has now admitted that i ...
Saturday, 02 January 10
INDONESIAS COAL OUTPUT RISES BY 5%
Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the gov ...
Saturday, 02 January 10
TAIPOWER FORECASTS COAL DEMAND TO SNAP DECLINE
Taiwan Power Co., Asia's biggest importer of thermal coal, expects its demand for the fuel to rise in 2010 after falling for two years as the islan ...
Friday, 01 January 10
COAL INDIA TO START IMPORTING DIRECTLY
According to sources, the coal major has already finalised tender document to import four million tonnes thermal grade coal for supplies to NTPC. Th ...
Thursday, 31 December 09
INDONESIA SEES 2010 MINING INVESTMENT UP 39 PCT
Reuters reported that, Indonesian mining investment is expected to hit $2.5 billion next year, up from $1.81 billion in 2009, supported by greater c ...
|
|
|
Showing 6126 to 6130 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Australian Coal Association
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
|
| |
| |
|
