We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Saturday, 15 October 11
BENGAL COAL IMPORT TEST - THE TELEGRAPH
 The Telegraph reported that, the power position in Bengal improved today but alarm bells are ringing over imported coal stocks that are running out fast.
Telegraph further reported, “The stock of imported coal will exhaust by the end of this month,” said Krishna Gupta, the managing director of the West Bengal Power Development Corporation Ltd (WBPDCL), the largest electricity supplier in the state.
The corporation had last year imported 1.2 million tonnes of coal from Indonesia.
“We will come up with a fresh tender to import 1.5 million tonnes of coal by the end of this month or early November,” Gupta added.
He did not say why the corporation waited till the eleventh hour for floating the tender. Between tendering and the arrival of the consignment, a time lag of at least a month is expected.
However, a government official said the corporation appeared to have waited because the new state government did not give the green signal to raise tariffs.
The price of the Indonesian variety that the corporation imports rules at Rs 4,500 per tonne. The utility will need least Rs 675 crore for the quantity it is planning to import.
Hand-wringing over whether the cash-strapped state government, the sole owner of the power utility, will dole out the money appeared to have held back the company till now. The new government had restricted the company from filing a petition with the regulator for revising the tariff.
The 1.5 million tonnes on the import wish list do not account for more than 8 per cent of the total requirement but when the barrel is being scraped, every tonne counts.
“We have to go in for imports because the current stocks will last only a month or so. The improvement in supply from Coal India over the last couple of days is temporary. Coal India will ask for money after a week to supply more,” Gupta said. He discounted the possibility of market borrowing. “Who will give us money looking at our current balance sheet?”
Another official said: “Till August, we thought that we would be allowed to file the petition for the tariff revision. But that didn’t happen. Tendering is a simple process and it can take a month to get the coal imported. The bigger question is the money.”
The supply of coal from captive mines is also dwindling. Bengal EMTA, a joint venture, is supplying only two to three rakes a day. One rake packs around 3,500 tonnes.
The corporation requires 55,000 tonnes (or 16 rakes) of coal a day. In other words, supply from the captive mines now accounts for only 12-13 per cent of its requirement. “Our biggest captive coal blocks, Tara (East) and Tara (West), are old and hence output is coming down,” Gupta said.
As a consequence, the corporation’s dependence on Coal India has increased to 75 per cent now from 55 per cent.
The power shortfall in the districts today was 325MW, around 400MW less than yesterday. The supply went up because of the arrival of more rakes of coal and flow from the national grid.
Source: The Telegraph (By: Srikumar Bondyopadhyay)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 20 October 11
CAPESIZE - TUBARAO /QINGDAO BEING FIXED AT STRONG US$ 29.75 PMT
Handy
The Atlantic market is quite steady, and market seems to be around the same levels as last week. Fewer fixtures reported though. ...
Thursday, 20 October 11
BRACKEN INTERNATIONAL MINING LISTS ON FRANKFURT STOCK EXCHANGE
Press Release - Bracken International Mining (Code:1BM) listed on the Deutsche Börse’s Frankfurt Stock Exchange today at €1.00 with ...
Thursday, 20 October 11
CAPESIZES, SUPRAMAXES LEAD GAINS FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Struggling to find additional support, but still managing to post gains, the dry bulk market has stabilized itself on higher levels again yesterday, ...
Wednesday, 19 October 11
METALLURGICAL COAL PRICES TO DROP BELOW US$240/TONNE - WOOD MACKENZIE
Wood Mackenzie Says Metallurgical Coal Prices to Drop Below US$240/tonne by Q4 2012 But Long-term Demand Fundamentals Remain Robust
Wood Mackenzi ...
Wednesday, 19 October 11
SUPRAMAX MARKET WAS VERY FIRM LAST WEEK - BRS
With all sectors contributing positively, the BDI ended the week at 2,173 points (+8.6%), its highest level so far in 2011. The BCI stood at 3,587 ( ...
|
|
|
Showing 5021 to 5025 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- The Treasury - Australian Government
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
|
| |
| |
|
