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Wednesday, 01 July 09
COAL INDIA SEEKS FASTER APPROVALS, IMPORTS, OVERSEAS MINERS
 Coal India Ltd., the world’s biggest coal producer, wants mining approvals sped up to help it boost production to meet a widening supply shortfall that is forcing more imports, Chairman Partha Bhattacharyya said.
Faster consent will allow the company to increase output by 10 percent, above its target of 7.5 percent, from a current production of 404 million metric tons a year, Bhattacharyya said in an interview. Domestic output has failed to meet demand, particularly from power generation, requiring the nation to increase imports by an average 10 percent to 15 percent a year.
“Increasing coal production capacity is not the same as adding to power generation capacity because you need so many other things,” Bhattacharyya said in New Delhi on June 15. “Coal in India is found in forests and places that are inhabited by tribes. Mining disturbs both.”
India, the world’s second fastest-growing major economy after China, aims to add 13,000 megawatts of new capacity annually, President Pratibha Patil said in parliament on June 4. More power is needed to cut outages that last as long as 8 hours in peak summer months in the capital. The country’s surge in power use has created a gap in coal production meeting demand from generators, Bhattacharyya said.
“If power generation capacity has to increase at a rate of 7 to 8 percent, maybe it can be managed,” he said. “But if it is to increase at 20 percent, I don’t think coal for that can come from indigenous sources.”
Overseas Partners
Coal India is taking steps to boost production, he said. It will seek to join with foreign companies to develop underground mines, Bhattacharyya said. Coal India, which mines more coal than Peabody Energy Corp. and China Shenhua Energy Co., the top coal producers in the U.S. and China, was created in 1975 from nationalized companies and has concentrated on less-complicated open-cast mining.
Environmental approvals to prospect for more reserves is a process that can take as long as seven years in India, Bhattacharyya said.
The constraints of coal production are forcing companies to seek reserves overseas. Coal India is looking at importing 4 million tons of coal this year.
NTPC Ltd., India’s biggest electricity generator, plans to import 12.5 million tons. Both state-owned companies are also scouting for overseas mines. In 2007, Tata Power Co., which is building a 4,000-megawatt plant in western India, bought a 30 percent stake in two coal mining units owned by Indonesia’s PT Bumi Resources, Asia’s third-largest coal miner. The $4.14 billion plant will run on coal from the Indonesian mines.
Imports Jump
India’s coal imports will more than double to 100 million tons by 2012 from 40 million tons, estimates Kaamil Fareed, a senior trading manager at the Coal & Oil Group, which supplies coal in India and Pakistan.
Coal India also plans to revive old mines to meet power plant demand for the fuel.
The company has identified 18 old underground mines with total reserves of 1.6 billion tons to increase output. These mines were abandoned by Coal India because of difficulties such as water-logging and fire. Coal India short-listed ArcelorMittal, the world’s biggest steelmaker, and nine other companies to develop its abandoned mines, Bhattacharya said yesterday.
Coal India has favored open-cast pits over underground mines, he said, as the majority of proved reserves were at depths of less than 300 meters (984 feet). “We know that we have a shortcoming in planning underground mines because we kept on doing better and better in open cast,” Bhattacharya said. “But underground has been ignored.”
Going Underground
Coal India lost the skill of underground mining because of its preference for the open-cast method, said Ashok Dhillon, chief executive officer at Canasia Power Corp., a Canadian company that has been trying to build a power plant in northern India for 15 years amid a lack of coal supplies.
“While they are one of the largest producers in the world by sheer volume, they are not the most expert of miners,” Dhillon said. “There may be reserves that Coal India finds difficult to get at but other international mining companies would find relatively easy to mine.”
The company has identified seven coal blocks where underground mines with a capacity of between 2 million tons and 5 million tons can be set up. The planning and development of the mines will be outsourced to international companies.
Source: Bloomberg (http://www.bloomberg.com/apps/news?pid=20601087&sid=aTGLk9JaTGBw)
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Thursday, 09 July 09
GARDA LISTS SHARES IN LOCAL BOURSE
Local coal company PT Garda Tujuh Buana officially listed its shares in the Indonesia Stock Exchange (IDX).
The listing followed the company's p ...
Thursday, 09 July 09
COAL AND OIL GROUP TO INVEST $300 MN TO BUY SHIPS AND ACQUIRE COAL MINE
Coal & Oil Group is planning to invest around $300 million (around Rs 1,500 crore) to buy new ships and to acquire coal mines. The company is pl ...
Thursday, 09 July 09
NO TRADE ON AUSTRALIA'S ASX COAL FUTURES DEBUT
*ASX's deliverable thermal coal futures debut without trade
*ASX says futures could present new arbitrage opportunities
The debut of Australia ...
Wednesday, 08 July 09
GERMAN COAL PRODUCTION DECREASED BY 31% TO ROUND 3.4 MILLION TON IN 1Q 2009 - COAL IMPORTERS ASSOCIATION, HAMBURG
COALspot.com (Germany):
World Coal Market
According to analysis of VEREIN DER KOHLENIMPORTEURE E.V. , On a quantity basis the s ...
Wednesday, 08 July 09
HUADIAN POWER BUYS INTO COAL MINERS
Huadian Power International Corporation - China's largest independent power producerCannounced Tuesday in a filing to the Shanghai Stock Exchange ...
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- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Australian Coal Association
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- The University of Queensland
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
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