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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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Friday, 18 May 12
EXPORT TAX WILL ERODE PROFITS, INDONESIAN COAL EXEC COMPLAINS - THE JAKARTA GLOBE
The Jakarta Globe reported that, A 20 percent export duty the government has imposed on 14 mineral ore products will not only take a toll on mining ...
Friday, 18 May 12
KOREA EAST WEST POWER LOOKING FOR TOTAL 2.6 MILLION TONS OF 4600 NAR COAL AT FIXED PRICE FOR 5 YEARS
COALspot.com - Korea East West Power Co., Ltd is inviting bids to supply of 520,000 Metric Tons (per annum) of minimum 4,600 kcal/kg coal of N ...
Friday, 18 May 12
NICKEL ORE CARGOES ARE NOT SEEN IN MARKET ANYMORE DUE TO ON-GOING INDONESIAN BAN - FEARNLEYS AS
Handy
The market remained variable.
Fronthaul voyages both from Baltic and Black Sea paid over USD 18k/day. From USG to Cont tonnage would get ...
Thursday, 17 May 12
COAL MINERS OPPOSE EXPORT TAX, SUGGEST OUTPUT QUOTA - THE JAKARTA POST
The Jakarta Post reported that, coal miners have suggested that the government apply a production quota instead of implementing an export tax in ord ...
Thursday, 17 May 12
DRY BULK MARKET STILL LOOKING FOR NEW DIRECTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept on moving sideways during this week, with the mixed performance across all segments. Yesterday, the industry’s be ...
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- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- White Energy Company Limited
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Ministry of Mines - Canada
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Australian Coal Association
- Sical Logistics Limited - India
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Minerals Council of Australia
- GMR Energy Limited - India
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
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