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Tuesday, 01 May 12
VIETNAM FEARS IT MAY NOT SEEK COAL SUPPLIES - TBKTSG / VIETNAMNET BRIDGE
 TBKTSG / VietNamNet Bridge reported that, with five coal-run thermopower plants under construction, PetroVietnam alone would need 18 million tons of coal, of which 13 million tons would be imported. By 2020, Vietnam would need 48 million tons of coal imports a year.
The thorny problem
Indonesia is considering imposing export tariffs on coal and normal metal exports in an effort to restrict the export of raw materials, In the immediate time, the export tariff on coal would be 25 percent in 2012, which would be raised to 50 percent in 2013.
Together with Australia, Indonesia is one of the two biggest coal exporters in the world, which is the main supplier to Asian economies. Indonesia’s intention to impose heavy tax on coal exports would push the coal prices up, and lead to a stiffer race to obtain the right to buy coal. Vietnam, which has no advantages in the race, would meet even bigger difficulties in the future.
Currently, a lot of thermopower plants in Vietnam have been designed in a way to use the coal imports from Indonesia. If the Indonesian government imposes such heavy tariffs, the production costs of the plants would be very high, thus making the power plant projects fail completely.
In 2011, the Vietnam Coal and Mineral Resources Vinacoal imported 9000 tons of coal from Indonesia in a trial basis. Dr Nguyen Thanh Son from Vinacoal said this was a low quality coal, and importing this kind of coal would be detrimental to Vietnam in terms of the shipping fee.
Meanwhile, no one can say for sure if the supply is profuse enough. In 2011, Indonesia exported 250 million tons of coal. The amount was not enough to satisfy the additional demand of China and India. Australia exported 280 million tons of coal, but Japan alone demanded 200 million tons.
In the future, India plans to increase the coal imports to 300 million tons by 2016-2017, which is double the current level. China, which is consuming more than a half of the global coal output, would also have to seek more foreign supply sources to satisfy its bigger thirst.
As for Japan, the demand for coal would surely increase. After the trouble with Fukushima nuke plant in March 2011, the country has shut down many nuke power plants, while coal run thermopower plants would be the alternative.
The coal demand is forecast to increase by 4.46 percent per annum in the next decade, while Asia would see the growth of 7.03 percent. Meanwhile, the coal reserves have been decreasing, and the current resources would be enough to satisfy the demand by 2030 only.
As such, it is foreseeable that Vietnam would have to compete with the rivals more powerful in financial capability, such as China, Japan, India and South Korea to obtain the right to buy coal.
To date, all the things Vinacoal and PetroVietnam has done is to sign frame agreements with foreign coal suppliers. Meanwhile, it remains unclear about the supply volume and prices.
The Ministry of Industry and Trade is considering buying coal mines in foreign countries to ensure stable coal supplies for domestic power plants. The two supply sources Vietnam has thought of are Australia and Russia.
However, Son has warned that this proves to be an unfeasible plan. He said that in Australia, all the mines easy for exploitation have been bought by Japanese. They have also bought the stakes of railway companies and port development companies to more easily export coal. China, a powerful economy, also finds it difficult to exploit the coal resource, let alone Vietnam.
As for Russia, in order to have the exclusive right to exploit one mine with the reserves of 100 million tons, Vietnam would need at least 500 million dollars.
Source: TBKTSG / VietNamNet Bridge
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Sunday, 16 September 12
GLOBAL LOW DEMAND ; INDONESIA COAL AND CFR SOUTH CHINA COAL SWAPS DIP
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for November 2012 delivery lost 1.345 percent W-O-W on Friday, 14 September 2012, closing but gai ...
Sunday, 16 September 12
THE FREIGHT RATES FROM INDONESIA TO INDIA EXPECTED TO BE STEADY - VISTAAR
COALspot.com - The freight market was mixed with most indices closing positive except for the Panamax index.
The main sentiment seems to be ...
Saturday, 15 September 12
FINANCE MINISTRY OPPOSES TAX INCENTIVE PLAN FOR COAL MINERS - JP
The Jakarta Post reported that, the Finance Ministry has turned down the idea of providing a fiscal incentive to the country’s coal mining ind ...
Friday, 14 September 12
DRY BULK MARKET LOOKS TOWARDS CHINA FOR SOME POSITIVE NEWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market freight rates submerged underwater for a large part of the year, dry bulk owners are looking for some positive enhancement ...
Friday, 14 September 12
GOVT OFFERS CONDITIONAL TAX HOLIDAY TO AILING COAL MINERS - JP
The Jakarta Post, one of the leading English news paper in Indonesia reported that, acknowledging difficulties encountered by coal miners due to a p ...
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- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- The University of Queensland
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
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