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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
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Wednesday, 16 December 09
COAL MARKETS 2010 CONFERENCE - PRESS RELEASE
COALspot.com (Singapore) Press Release – Back for the 8th year, Coal Markets 2010 will be taking place in Singapore on 28 – 29 Jan ...
Wednesday, 16 December 09
CHINA 2010 COAL TERM PRICES SEEN RISING 8% ON YEAR
Term prices of thermal coal for 2010 in China are expected to rise about 8 percent from this year's levels, as demand for power has been roaring ba ...
Wednesday, 16 December 09
KANGAROO RESOURCES TO ACQUIRE INDONESIAN COAL INTERESTS
Emerging coal producer Kangaroo Resources has significantly enhanced its production pipeline in Indonesia after reaching agreement to acquire a coki ...
Wednesday, 16 December 09
UAE'S RAS AL KHAIMAH TO INVEST $5.2B IN EAST KALIMANTAN PROJECT
Shrugging off neighbor Dubai’s debt problems, the smaller United Arab Emirate of Ras Al Khaimah announced on Tuesday that it would increase it ...
Wednesday, 16 December 09
COECLERICI EYES SECOND RUSSIA COAL MINE
* CEO says "seriously considering" mid-small size purchase
* Will use mine to increase exports to Asia
* Says delays at ports will not c ...
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- Commonwealth Bank - Australia
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- PTC India Limited - India
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
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