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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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Tuesday, 23 June 09
NAPOCOR TO RE-TENDER FOR 195,000 T COAL IN JULY
Electricity producer National Power Corp. (Napocor) will hold a tender on July 15 to buy 195,000 tons of steam coal for its Sual power station, the ...
Monday, 22 June 09
ONE DIES IN KUTAI COAL TUNNEL COLLAPSE
The Jakarta Post reported that, A tunnel at a coal mine belonging to company PT Fajar Bumi Sakti in Kutai Kartanegara, East Kalimantan collapsed on ...
Monday, 22 June 09
THIS WEEK IS EXPECTED TO BE FIRM AND DEMAND OF SHIPS WOULD BE STRONG - VISTAAR SINGAPORE
COALspot.com (Singapore): The BDI up by 487 points over last week which is an increase of almost 13 pct. The increase is again mainly due to Ca ...
Monday, 22 June 09
CHINESE MAY COAL IMPORTS HIT RECORD 9.43 MILLION TONNES
Reuters quoted Custom Data showed that China's coal imports hit an all-time record of 9.43 million tonnes in May.
The figure surpasses the previ ...
Monday, 22 June 09
SOUTH AFRICAN EXPORT COAL DECLINES ON WEAKENING EUROPEAN DEMAND
Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, posted the first dro ...
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- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Timah Investasi Mineral - Indoneisa
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Australian Coal Association
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- White Energy Company Limited
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
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