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Monday, 21 September 09
ACCC SET TO APPROVE NEWCASTLE COAL SHIPPING AGREEMENT
ABC reported that, The competition regulator says it is likely to approve a new agreement over coal loading arrangements at Newcastle.
Australian Competition and Consumer Commission chairman Graeme Samuel says the agreement forged between the New South Wales Government, the port operator and coal producers, including BHP Billiton, gives certainty to the industry.
He says it is possible the deal will cut shipping queues at the port.
"It is looking like we will approve the reinstatement of the interim authorisations that were there to try and manage the queues at the port and to enable the parties to proceed towards putting in place the long-term ship or pay contracts that are an integral part of this long-term solution," Mr Samuel said.
He says approving the new agreement will add certainty to encourage investment in increasing the port's capacity.
"It will provide for increased capacity and thus the ability for ships to, rather than sit in a queue, to come through to the ports, take the coal that's coming from the Hunter Valley coal mines and then move it into export," he commented.
"That's what's been needed for some time now. But of course no investor was ever going to invest in expanded capacity until they had at least some assurance that their investment would earn a reasonable return; that is, would be paid for either by ships using it, or else by parties saying we'll pay for it if we don't have the necessary requirements to use the capacity.
"They will sign long-term what are called "ship or pay" contracts; that's contracts to either have ships use the capacity or else pay for it in any event. That will provide the certainty that investors need to expand the capacity of the port."
He says the ACCC has not seen all the details of the agreement, but has seen enough to demonstrate that it will be a step forward in improving the port's operation.
"We've only seen the bare bones of the agreement as was put to us last evening, but I'd have to say to you that the impression that we get, particularly in discussions with the New South Wales Government, is that this is an agreement that is binding on the parties. It does take the parties a long way forward now in terms of the implementation of a long-term solution," he said.
"If the agreements are in the form that we understand them to be, and we're only into the very initial sort of review and consultation phase, but if they are in the form, I think there's every expectation that what we've now taken is the big step needed towards the long-term solution with Port Waratah."
However, Mr Samuel says further investment in rail and other infrastructure is needed to substantially increase the capacity to export the Hunter Valley's coal.
"Our authorisation was initially intended to stop the ship queues or to reduce them. Ultimately we've said, you've got to find a long term solution to this," he said.
"All that you're doing at the moment is, by putting in place this queue allocation system, this capacity allocation system, you're just providing a temporary stop-gap measure, but you're not providing for a long-term solution. And you're actually reducing the overall ability for the Hunter Valley coal mines to export their coal."
Source: ABC
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Tuesday, 08 September 09
INDONESIA OFFERS AN OPPORTUNITY TO INDIANS
Meri News reported that, Indonesia is all set to launch the country's second 10,000 MW accelerated power expansion programme. The new power develop ...
Tuesday, 08 September 09
BUKIT ASAM AIMS 14 MLN TONS COAL PRODUCTION
VIVA News reported that, The rise in coal production is mainly triggered by the step-up in domestic demand.
Coal mining company PT Tambang Batuba ...
Tuesday, 08 September 09
MERCHANT BANKERS ADVISE CIL ON INDONESIAN MINE BUYS
Business Standard reported that, State-owned Coal India Ltd (CIL) is being advised by four to five merchant bankers on acquisition of coal assets in ...
Tuesday, 08 September 09
THE 3RD ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2009 - PRESS RELEASE
The 3rd Asia Pacific Coal Trading & Investment Outlook 2009
Analysis of Asia Coal Market amid Global Financial Crisis
COALspot.com(Chin ...
Tuesday, 08 September 09
SOUTH AFRICAN COAL EXPORTS MAY RISE ON SALES TO INDIA
Bloomberg reported that, South African coal exports may rise to 100 million metric tons a year by 2020 and India may become the biggest destination ...
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- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- The University of Queensland
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Indian Energy Exchange, India
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Australian Coal Association
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
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