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Monday, 06 August 12
COAL EXPORTS COULD ADD $2B TO $6B ANNUALLY TO U.S. ECONOMY - HELLENIC SHIPPING
 Business groups backing Pacific Northwest coal export proposals on Thursday lauded a new report that claims increased U.S. coal exports could bring between $2 billion and $6 billion per year to the U.S. economy.
The report comes from the Energy Policy Research Foundation, a Washington, D.C.-based think tank that focuses on oil-related economic issues.
Around a half-dozen proposals have arisen in Washington and Oregon this year to build export terminals that would shuttle coal from the Powder River Basin of Montana and Wyoming to energy-hungry Asian markets through the Pacific Northwest. Three projects proposed along the Columbia River near Portland represent around $1 billion in private investment.
Proponents laud the economic potential of the projects — Portland barge-makers Gunderson LLC and Vigor Industrial already plan to split $75 million worth of work related to one proposal. But critics are fighting coal exports primarily on two fronts — that they will lead to widespread rail congestion and that any economic gains aren’t worth the damage caused from enabling the increased use of greenhouse gas-emitting power sources.
The Energy Policy Research Foundation report dismissed the criticism.
It called the rail traffic issues “state and local concerns which can be addressed through a number of remedies.”
On the larger environmental issue, the report claims that lower-cost coal from the Powder River Basin isn’t likely to have an effect on coal prices worldwide and neither the volume of world coal combustion or greenhouse gas emissions would change as a result.
Ross Macfarlane, senior adviser for business partnerships at Seattle-based environmental policy group Climate Solutions, said that economic assertion not only isn’t accurate, “it’s in direct opposition to what’s happening in world markets.”
“U.S. coal is moving prices significantly downwards because it is supplanting, in the short term, higher-priced coal from Australia and Indonesia and causing major dislocations,” Macfarlane said.
The report's claim “goes against the basic laws of supply and demand,” he said.
The report was heralded by the Alliance for Northwest Jobs & Exports, a business-backed, pro-coal nonprofit based in Seattle that made its debut last week.
“This report confirms what we already know in the Northwest – we can continue to build on our strong trade heritage, creating thousands of new jobs and millions in new tax revenue for our region, and do it in an environmentally responsible way,” Alliance spokeswoman Lauri Hennessy said in a news release.
Macfarlane said he doesn’t dispute that coal exports will lead to billions of dollars coming into the U.S. economy.
“The question is who will get that value,” he said. “I think it’s clear that most of that value is going to be going into a very small number of pockets and the costs will be borne throughout the region and the world.”
Source: Sustainable Business Oregon / Hellenic Shipping
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Tuesday, 07 August 12
2ND ANNUAL FLOATING TERMINALS
Press Release - After a ground breaking and successful launch in 2011, the 2nd Annual Floating Terminals conferenceis back to address innovation, co ...
Tuesday, 07 August 12
KRISHNAPATNAM PORT HAS DISCHARGED 122,247 MTS OF COAL IN JUST 24 HRS
COALspot.com - Keeping with the tradition of the new records that are set at the Olympic Games 2012, Krishnapatnam Port has also achieved in setting ...
Tuesday, 07 August 12
THE JAKARTA POST EDITORIAL: REVISITING THE MINING LAW
The Jakarta post, one of the leading English news paper in Indonesia writes in its editorial today, what the domestic and foreign investors had drea ...
Tuesday, 07 August 12
BARAMULTI SET TO LIST ON BOURSE IN Q4 - JP
The Jakarta Post reported that, coal miner PT Baramulti Sukses Sarana is preparing to make its shares available to the public in the fourth quarter ...
Tuesday, 07 August 12
REALM RESOURCES COMPLETES STUDY ON ITS KATINGAN RIA COAL PROJECT
COALspot.com - Realm Resources Ltd. has announced that it has completed the Project Study for the Katingan Ria Project in Central Kalimantan, Indone ...
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- SMG Consultants - Indonesia
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- Electricity Authority, New Zealand
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- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
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- Vedanta Resources Plc - India
- ICICI Bank Limited - India
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- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
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- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- Economic Council, Georgia
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- Attock Cement Pakistan Limited
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- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
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- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
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- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Australian Coal Association
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- Medco Energi Mining Internasional
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- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
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- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
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- Intertek Mineral Services - Indonesia
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- Australian Commodity Traders Exchange
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- Directorate Of Revenue Intelligence - India
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- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- Planning Commission, India
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- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Independent Power Producers Association of India
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- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
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- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
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- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
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- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
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- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Eastern Energy - Thailand
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- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
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- Energy Development Corp, Philippines
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