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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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Showing 4726 to 4730 news of total 6871 |
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- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Eastern Coal Council - USA
- The University of Queensland
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- Australian Coal Association
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
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