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Friday, 28 May 10
CHINESE BAN TO HIT INDIAN IRON ORE EXPORTS
Nearly half of India's iron ore exports to China are in serious danger of being wiped out. The local government has imposed a ban on import of low grade iron ore while major Chinese companies are buying up ore mines with two billion worth of reserves in Africa. "The ban will surely have an effect because about 50% of our exports are low grade iron ore," Royston Machado, an industry consultant working jointly with China Inspection and Quarantine, said. India sold 107 million tonnes accounting for 18% of Chinese imports in 2009.
The ban came into effect after the China Iron and Steel Association (CISA) advised ore buyers at a conference to stop buying low grade ores. "CISA has not yet issued a formal notification but the ban is already having an effect," Machado said.
The ban has not caused uproar because businesses in India are still not feeling the pinch. China has more than two months of stocks and the offtake from steel mills is low. Another reason is that the Goa port, which ships nearly half of Indian ores to China, is closed for monsoon.
"A clear picture would emerge after the Goa port reopens in October and there is a strong demand. Indian exports would be seriously reduced unless the government reconsiders the ban," sources said. The move was followed by a decision by the National Development and Reform Commission giving a green signal for the purchase of two African mines with reserves totaling 2 billion tonnes.
Three Chinese companies including the Wuhan Iron & Steel, are jointly buying a mine with reserves worth 800 million tonnes at Soalala in Madagascar. Wuhan has also purchased controlling stakes in the Bong Iron Ore company based in Liberia. Bong has proven reserves of over 1.3 billion tonnes.
Source: Times of India / Hellenic Shipping
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Wednesday, 02 June 10
PLN TO DEVOUR 133 PERCENT MORE COAL IN NEXT FIVE YEARS
The Jakarta globe reported that, State electricity company PT Perusahaan Listrik Negara will more than double the amount of coal it uses over the ne ...
Tuesday, 01 June 10
LANCO INFRATECH PLANS POWER PROJECTS IN COASTAL REGIONS
My digital reported that, Hyderabad-based Lanco Infratech will set up power projects in coastal regions based on imported coal. The company is ...
Monday, 31 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE SHORTENS
Business week reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in powe ...
Saturday, 29 May 10
FREIGHT MARKET SEEMS TO BE STABILIZING - CAPT. REDDY
COALspot.com: The week was clearly for Cape which went up by almost 21 pct . The BDI was up only by 6 pct.
The other sectors were under pressure ...
Friday, 28 May 10
BERAU COAL GROUP SEEKS US$ 700 M LOAN
PT Bukit Mutiara has decided to revise down its bond issue from US$600 million to US$400 million. In total, it is seeking US$700 million of debt, co ...
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- London Commodity Brokers - England
- The University of Queensland
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Planning Commission, India
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- PTC India Limited - India
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
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