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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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Tuesday, 20 July 10
DRY BULK SHIPPING MARKET FINDING SOME SUPPORT, AS OWNERS TAKE CAPE SIZES OFF THE MARKET
With the Baltic Dry Index finally having reached bottom, at least according to market analysts, the dry bulk industry is looking to begin its long r ...
Monday, 19 July 10
INDONESIA EXPORTS 24.49 MILLION TONNES OF COAL IN JUNE 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 141.249 million tons of coal in the first half of this year. In June 2010, Indone ...
Monday, 19 July 10
CHINA ONCE AGAIN DOMINATING SHIPPING FREIGHT RATES, WHILE OVERSUPPLY OF TONNAGE RAISES CONCERN
The ending of the week brought a cheerful note among dry bulk ship owners, as the sinking benchmark of the industry, the Baltic Dry Index (BDI) fina ...
Saturday, 17 July 10
THE DRY BULK MARKET CONTINUED THE DOWNWARD TREND - VISTAAR
COALspot.com: The indices continued the downward trend this week also with BDI at 1,720 points and cape size index at 1676 points and the charter ra ...
Saturday, 17 July 10
BULLISH OUTLOOK FOR COKING COAL - MINING MX & HELLENIC SHIPPING
Mining Mx reported that, the coking coal market has better long-term fundamentals than the iron ore market, according to a recent research rep ...
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- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- Australian Coal Association
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
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