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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
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Thursday, 29 July 10
BALTIC INDEXES ARE POSITIVE SINCE A FEW DAYS
Handy
Baltic indexes are positive since a few days which could mean that markets have bottomed out (as we correctly predicted in our report of las ...
Wednesday, 28 July 10
INDONESIA'S MERUKH SECURES US$200 MLN INVESTMENT FROM SAN MIGUEL
Trading Market Reported that, Indonesian mining company Merukh Enterprises said it has secured an investment commitment of US$200 million from the P ...
Wednesday, 28 July 10
RIZAL RISJAD MAY OWN 10% BERAU ENERGY
Rizal Risjad, son of Indonesian tycoon Ibrahim Risjad, might own 10% stakes in PT Berau Coal Energy Tbk (BRAU), parent company of Indonesia's fifth ...
Wednesday, 28 July 10
UNUSUAL RAINS TO HIT COAL EXPORTS
COALspot.com: Heavy rains in South and East Kalimantan have compelled coal exporters to delay or cancel coal exports. PT Bayan and PT. TIA hav ...
Tuesday, 27 July 10
INDIA HAS IMPORTED 1.5 MILLION TONS OF COAL LAST WEEK
COALspot.com: Coal imports in Indian ports have reached over 1.5 million tons for the week ended 25 July 2010. According to port agents, aroun ...
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- Bhatia International Limited - India
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
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