We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 29 July 10
GOVT TOO OPTIMISTIC ON IRON, COAL PRICE
 Federal government forecasts of continued strength in iron ore and coal prices, which underpin revenue expectations for the proposed new mining tax, are too optimistic, analysts say The forecasts underpin the government's expectation of $10.5 billion in revenue from the proposed Mineral Resources Rent Tax over the first two years of its implementation from 2012/13.
Gavin Wendt, senior resources analyst for research firm Mine Life Pty Ltd, said the outlook for thermal coal prices was positive but there was a potential for iron ore prices to fall.
Mr Wendt said government forecasts of decades of iron ore and coal sector growth were "wildly optimistic".
"That's the problem with the tax."
While demand continued to grow for thermal coal, which is used in power generation and is in short supply, the coking coal price was tied to the iron ore price due to its role in steelmaking.
Mr Wendt said demand for iron ore was still very strong but supply was starting to catch up as existing mines expanded and new mines opened to take advantage of several years of high prices.
"I'm still very bullish on demand for iron ore ... which will remain strong because steel production will remain strong," he said.
"But there's no shortage of iron ore.
"It's just a matter of how quickly operations get developed.
"Pricing is probably close to its peak, which means we're slowly starting to see the price tail off.
"The bottom is not going to fall out of the iron ore market but the government is being optimistic when it suits them."
Research and consulting firm Wood Mackenzie says the government won't get any additional revenue from coal if prices fall to levels seen just a few years ago.
The government is expected to fund a one per cent reduction in the corporate tax rate with revenue from the new mining tax, reported by
If coal prices remain strong, coal miners will pay an additional $7.4 billion, or eight per cent in government take over the first five years of the tax, Wood Mackenzie head of coal supply research Gero Farruggio said.
Mr Farruggio said coal miners were already battling strong cost inflation and falling productivity.
"Traditionally Australia is viewed as a low-cost exporter, but in our 2010 global thermal coal export cash cost (of production) rankings it is well down the table in sixth place," he said.
"Indonesia dominates the ranking tables with the largest thermal coal production and lowest average cash cost.
"In contrast to Australia, it (Indonesia) has moved to reduce the level of government take from coal production."
Source: Nine Msn / Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 01 June 10
LANCO INFRATECH PLANS POWER PROJECTS IN COASTAL REGIONS
My digital reported that, Hyderabad-based Lanco Infratech will set up power projects in coastal regions based on imported coal. The company is ...
Monday, 31 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE SHORTENS
Business week reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in powe ...
Saturday, 29 May 10
FREIGHT MARKET SEEMS TO BE STABILIZING - CAPT. REDDY
COALspot.com: The week was clearly for Cape which went up by almost 21 pct . The BDI was up only by 6 pct.
The other sectors were under pressure ...
Friday, 28 May 10
BERAU COAL GROUP SEEKS US$ 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 ...
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 ...
|
|
|
Showing 5801 to 5805 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Planning Commission, India
- Economic Council, Georgia
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Australian Coal Association
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
|
| |
| |
|
