We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 11 August 10
BRAZILIAN GIANT VALE LOOKING TO BOOST ITS COAL OUTPUT
 BRAZILIAN mining giant Vale is not content with being the world's largest iron ore miner. The miner is banking on ambitious growth plans to see it emerge as a top-three player in the coal market Global coal managing director Decio Amaral, sent to Australia in January to drive the aggressive growth plans, is optimistic the world's second largest miner can cement a firm position in the coal sector, using Australia as the place to implement the strategy.
"We are happy with our iron ore assets and we are working hard to develop the coal projects to be in the same position," he said. "In terms of the seaborne coal market, I see Vale becoming the third major player."
Coal represents about 2 per cent of Vale's total revenue but the mining major is pouring 7 per cent of its $12 billion capital expenditure plans into its emerging coal portfolio.
"We see a bright future for coal," Mr Amaral said.
He said Australia would be the centre for expanding its coal division, which includes interests in Colombia and Mozambique.
"Vale has a lot of knowledge in iron ore, but not as much in coal. So Australia is important, not just because of the opportunities and growth you have here, but because of the knowledge you have here," he said.
The heated political debate and renewed fight between the smaller miners and the Labor Party over its mining-tax policy has not deterred Vale from its Australian coal plans, despite the projects falling under the scope of the proposal.
"When I look at our coal business, I look at portfolio management and we have three different geographies to look at. So in terms of portfolio it does not affect us," Mr Amaral said.
He said the new tax deal, designed by BHP Billiton, Rio Tinto and Xstrata with Julia Gillard after she ousted Kevin Rudd from the top job, was an improvement on the original super-profits tax.
"It's not that I'm happy about tax but our portfolio is strong enough to cope with it," he said.
"The first version was really bad and the second one is one you can live with if you have a good project."
Australia's coal sector has been the centre of corporate activity, with deals signed and new ones mooted, as the outlook for the steel feed continues to be extremely positive.
But don't expect Vale's name to appear as the suitor of NSW miner Whitehaven Coal -- in play and said to the target of numerous predators -- or at the centre of any consolidation in the local industry.
Mr Amaral's plans are bigger than what's on offer and he sees organic growth as the main focus for the Brazilian giant.
"We are much more focused on organic growth and are investing $32 million on coal exploration in Australia, which is the most cost-effective way to develop the group," he said.
"There has been some consolidation in Australia but for the size of the projects that we like, the premium that you have to pay compared with the potential we have in our own portfolio does not justify it."
Source: The Australian / Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 15 September 10
VIETNAM TO IMPORT UP TO 15 MLN TONS COAL/YR BY 2015 - VIETNAM BUSINESS
Vietnam Business reported that, Vietnam will need to import 3 million to 15 million tons of coal a year by 2015, rising to 21 million to 40 million ...
Tuesday, 14 September 10
MID HIGH TEENS FROM WCI, AND HIGH TEENS FROM ECI TO CHINA - BRS
A fairly flat market for the dry bulk segments this week, although the Panamaxes jumped on the back of strong grain exports in the Atlantic. It ...
Tuesday, 14 September 10
HIGH CHARTERING ACTIVITY NEEDS TO KEEP UP FOR DRY BULK RATES TO REMAIN HIGH
Last week’s increase of spot chartering activity pushed dry bulk freight rates to new highs, after a less than lackluster summer. As a result, ...
Monday, 13 September 10
GLENCORE BUYS STAKE IN MINER BUMI
The Jakarta globe reported that, Switzerland-based Glencore International, the world’s largest commodities trader, has quietly acquired a $200 ...
Monday, 13 September 10
IT'S JAI INDONESIA FOR OUR POWER FIRMS
Indian power producers have been compelled to look abroad for fuel to run upcoming facilities, as domestic generation is unlikely to be able to meet ...
|
|
|
Showing 5611 to 5615 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Australian Coal Association
- Indian Oil Corporation Limited
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- The University of Queensland
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
|
| |
| |
|
