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Tuesday, 22 September 09
PANAMA CANAL EXPANSION MAY AID COLOMBIA COAL TO ASIA
 * Colombia producers hope for growth in Asia shipments
* Panama Canal will allow smaller coal Capesize vessels
* Australia, Indonesia to remain biggest Asia coal suppliers
Reuters reported that, Colombian coal exporters will seek to take advantage of booming demand in Asia when the Panama Canal expansion is completed in 2013, shipping analysts and Colombian coal producers say.
Colombia, the world's fifth-largest exporter of steam coal, has been hit by falling demand in key European and the U.S. markets, and has been the only producing country unable to sell into Asia due to high freight costs
"They (producers) potentially could be shipping out coal from Colombia across the Pacific. Obviously it would depend on the size of ship and how they develop this canal," said Will Fray, shipping analyst with London-based consultants Maritime Strategies International (MSI).
Colombia is expected to export around 61 million tonnes of coal in 2009, roughly on a par with Russia and South Africa but below Indonesia and Australia.
"The big thing about Colombian coal is it was competing in Europe with South African business, which at the moment has been moving eastwards," Fray added.
The Panama Canal Authority will spend $5.25 billion to expand and deepen the Panama Canal enabling larger bulk vessels and oil tankers to move commodities into the Pacific markets
"The expansion will make it more possible in theory for Colombian coal to move to Asia but there are many factors which make it unlikely to be shipped in large quantities," said a major Colombian producer who declined to be named.
"It's far more likely that South African coal will remain cheaper than Colombian for the Asian market outside of India and that production in Australia and Indonesia will grow to meet any increased local demand," the producer said.
The biggest Colombian producers, including Drummond Coal, Cerrejon and Prodeco, do not expect to be making significant inroads into Asia but see some opportunities for spot sales.
Brazilian energy company MPX Energia remains optimistic, however, that it will be able to sell coal into Asia via the expanded Canal
"The expansion will allow coal shippers to use small capesize vessels of 130,000-140,000 tonnes rather than panamaxes of around half that size. There are always savings when using larger ships," said Peter Norfolk, Director of Consultancy & Research at shipbrokers Simon, Spence and Young (SSY).
"But it's unlikely that exports from Colombia into the Pacific will increase significantly because growth in demand there is more likely to be met by production from nearby producers in Australia and Indonesia," he said.
Thermal coal is shipped globally in capesize vessels of 120,000-150,000 tonnes, panamax vessels of around 65,000-75,000 tonnes and handymax vessels of 45,000-50,000 tonnes.
Asian buyers in China, Japan, South Korea and Taiwan who can discharge cheaper capesize vessels will do so. Indian buyers are forced to use mostly handymaxes because there are few ports which can accept panamaxes and only one which can take capes.
Source: Reuters
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Friday, 28 August 09
JSW MAY BUY AFRICAN MINE FOR US$ 350
The Economic Times Reported that, The Sajjan Jindal-owned JSW Group is in advanced talks to acquire a coal mine in Swaziland, Africa, at an estimate ...
Friday, 28 August 09
COAL INDIA ALLOWED TO IMPORT COKING COAL
The government Thursday allowed the state-owned Coal India to import coking coal and high grade ash thermal coal by acquiring coal properties abroad ...
Thursday, 27 August 09
CIL TO SPEND US$ 1 - 1.5 BN TO ACQUIRE ASSETS IN 4 COUNTRIES
Business Standard reported that, "Coal India is looking to spend $1-1.5 billion in acquiring mining assets in Australia, Indonesia, South Afric ...
Wednesday, 26 August 09
INDIA'S JSW TO DOUBLE JAIGARH PORT CAPACITY TO 20 MT
Sea Trade Asia reported that, JSW Jaigarh Port, a wholly owned subsidiary of JSW Infrastructure & Logistics, plans to double cargo handling capa ...
Wednesday, 26 August 09
JSW ENERGY NEARS COAL-SUPPLY LINKAGE DEAL IN INDONESIA
Sajjan Jindal-owned JSW Energy is close to finalising a coal-supply linkage pact in Indonesia and is also exploring options of acquiring ...
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- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
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