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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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Monday, 28 May 12
COAL EXPORTS ARE JUMPING HIGHER, BUT PRICES ARE FALLING LOWER
COALspot.com: Indonesia, the world largest coal exporter, shipped 31.86* million tons of coal in April 2012, compared to 30.64* million tons i ...
Sunday, 27 May 12
THE FREIGHT MARKET FROM INDONESIA TO INDIA WAS WEAK - VISTAAR
COALspot.com - The BDI continued to fall for the fourth straight week and the BDI fell by 9.38 pct this week closing at 1,034 points.
The Cape Si ...
Sunday, 27 May 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS HEADING TO SOUTH DIRECTION
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for July deliveries have dropped this week by 5.43 percent an ...
Saturday, 26 May 12
DRY BULK SHIP OWNERS LOOKING TO CUT BACK ON TONNAGE SUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The oversupply of dry bulk carriers has been the most prominent problem in the market today, pushing down rates and ‘strangling’ profita ...
Thursday, 24 May 12
DRY BULK MARKET RETREATS ON LACK OF CHINA DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market retreated yesterday on the back of lower Chinese demand for commodities such as coal and iron ore, typically hauled by dry bulk ...
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Showing 4716 to 4720 news of total 6871 |
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- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
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