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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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Wednesday, 25 April 12
CHINA IMPORTS 9.76 MMT AND INDIA IMPORTS 7.03 MMT OF INDONESIAN COAL LAST MONTH
COALspot.com: Indonesia, the world largest coal exporter, shipped 30.64* million tons of coal in March 2012, compared to 27.12* million tons i ...
Monday, 23 April 12
ALTURA ENTERS INTO AGREEMENT TO ACQUIRE 2 COAL PROJECTS IN SOUTH KALIMANTAN
COALspot.com - Altura Mining Limited (ASX: AJM) has announced that it has entered into an agreement to acquire a further two (2) Mining Permits (IUP ...
Sunday, 22 April 12
THE FREIGHT MARKET EXPECTED TO REMAIN FIRM NEXT WEEK - VISTAAR
COALspot.com - The BDI has broken the psychological barrier of 1000 points and closed at 1067 points.
The cape index was slightly down by 2.48 pc ...
Saturday, 21 April 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS DROP 2.61 PERCENT THIS WEEK
COALspot.com - Indonesian sub-bituminous coal swaps fell for a fifth day, according to DSP of SGX AsiaClear OTC Coal Swaps.
CFR South China Coal ...
Friday, 20 April 12
PANAMAXES LEAD DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A rebound of demand for smaller dry bulk carriers has led the industry’s benchmark, the BDI (Baltic Dry Index) above the 1,000-point mark for ...
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- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- PTC India Limited - India
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- White Energy Company Limited
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Parliament of New Zealand
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- CNBM International Corporation - China
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
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