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Friday, 17 February 12
COLOMBIA COAL PRODUCTION, EXPORTS JUMP IN 2011: GOVT - COLOMBIA REPORTS
Colombia Reports reported that, colombia's coal production jumped 15.4% in 2011 to 85.8 million tonnes versus the previous year while exports rose 16 percent to 79.2 million tonnes, the country's mining regulator said on Thursday.
The largest production increases were in the Cesar province where Glencore's Prodeco unit, Drummond International, Vale and Goldman Sachs' local affiliate operate.
Colombia's coal industry is dominated by big producers, with their own port and railways, such as Glencore, Drummond and Cerrejon, which is owned equally by BHP Billiton, Anglo American and Xstrata.
The world's No. 4 coal exporter is experiencing a boom in investment into the petroleum and mining sectors thanks to a U.S.-funded security crackdown on illegal armed groups that has made it safer to explore and mine.
Colombia's No. 2 coal exporter Drummond -- an 80-20 joint venture with Japan's Itochu Corp -- saw output at its La Loma and El Descanso mines increase 9.5% to 23 million tonnes last year versus 2010, according to regulator data.
Output at Glencore's Prodeco unit went up 44% to 14.38 million tonnes in 2011 versus 2010, the data showed.
Production in the Guajira state -- where Cerrejon, the country's largest exporter, has four of five licenses to mine -- increased 7% to 33.3 million tonnes in the same period.
The top three producers export almost all their output. The main markets for Colombia's coveted coal are the United States and Europe although exporters have made shipments to Asia depending on the cost of freight.
The regulator did not give a reason for output changes, but all major thermal producers are currently expanding their mines and infrastructure in Latin America's top coal exporter.
Colombia's coal production is expected to reach 97 million tonnes this year, the mining minister has said.
Production at Vale's mines rose 19.4% to 3.57 million tonnes last year while output at Goldman Sachs' Colombian Natural Resources increased 58% to 2.39 million tonnes.
Reuters was first to report that Vale was selling its Colombian coal operations in November.
Goldman Sachs is the front-runner in an auction to buy the Colombian coal assets of Brazil's Vale, attempting to achieve strategic port access, while Glencore waits in the wings and rival traders stay away, industry sources familiar with the matter said.
Coal mines in the past few years have attracted almost frenzied M&A interest, particularly from traders seeking to become vertically integrated and Asian consumers such as India and China, but buyers are becoming more choosy, focusing on large, low-cost mines with big reserves.
Source: Colombia Reports
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Monday, 20 February 12
COAL BOOM AND ENVIRONMENTAL CONCERN - SUNIL K KUMBHAT
COALspot.com - The dawn of the 21st century has seen a shift in the world's commercial balance of power, with the dominance of the US, Europe and J ...
Sunday, 19 February 12
THE SPOT FIXTURE RATES WERE REPORTED AT HIGH LEVELS - VISTAAR
COALspot.com - "The markets seems to holding back this week appears the momentum which picked up last week may slow down" - Capt. Reddy of ...
Sunday, 19 February 12
INDIKA ACQUIRES MULTI TAMBANGJAYA - INSIDER STORIES
Insider Stories reported that, PT Indika Energy Tbk (INDY) announced that wholly-owned subsidiaries have signed a conditional sale and purchase agre ...
Thursday, 16 February 12
GEARING UP FOR THE EMERGING OIL & GAS OPPORTUNITIES IN MYANMAR
Press Release - Myanmar Ministry of Energy and Centre for Management Technology (CMT) to Co-host MOGP (Myanmar Oil, Gas & Power) Summit on 28 - ...
Wednesday, 15 February 12
HBA FOR FEB 2012, CLIMBS 2.09 PERCENT AND REACHED US$ 111.58 PER TON
COALspot.com - The Indonesian coal reference price for February climbs 2.09 percent to US$111.58 per ton after losing past three months. ...
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- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Aditya Birla Group - India
- McConnell Dowell - Australia
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