COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Monday, 31 August 09
INDONESIA ADARO'S NET PROFIT SOARS 1,506 PERCENT ON HIGH PRICES
The Jakarta Post reported that, the country's second largest coal producer, PT Adaro Energy said Sunday that its first-half net profit soared 1,506 ...


Sunday, 30 August 09
THE FUTURES FOR THREE YEARS FOR 2010-2012 IS AROUND PANAMAX / US$ 15,500 & SUPRAMAX / US$ 13,500 PER DAY
COALspot.com (Singapore): The dry bulk market continued to be soft this week and the BDI was almost stable and closed at 2,421 points this week. ...


Friday, 28 August 09
INDONESIA SEEKS TO INCREASE COAL PRODUCTION TO BOLSTER REVENUE
The Jakarta Post, the leading english news paper in Indonesia reported that, Indonesia expects to increase coal production by up to 20 million tons ...


Friday, 28 August 09
MERCURIA ENERGY OPENS INDONESIA TRADING OFFICE
COALspot.com ( Indonesia): Mercuria Energy Group has opened a new office in Jakarta, Indonesia, focussed on trading coal. Jakarta-based Emanuele ...


Friday, 28 August 09
COAL MINE BUYERS DUST OFF THEIR CASH ( ANALYZED BY REUTERS)
* Coal asset buyers give up waiting for bargains * Mining majors expected to buy not sell * South Africa a target, Indonesia less so By Jackie ...


   1291 1292 1293 1294 1295   
Showing 6461 to 6465 news of total 6871
News by Category
Popular News
 
Total Members : 28,619
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Fearnleys - India
  • Aditya Birla Group - India
  • Kepco SPC Power Corporation, Philippines
  • Mintek Dendrill Indonesia
  • Eastern Energy - Thailand
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Merrill Lynch Bank
  • Port Waratah Coal Services - Australia
  • Coastal Gujarat Power Limited - India
  • Bank of America
  • Semirara Mining and Power Corporation, Philippines
  • KOWEPO - South Korea
  • Sojitz Corporation - Japan
  • Arch Coal - USA
  • GN Power Mariveles Coal Plant, Philippines
  • RBS Sempra - UK
  • LBH Netherlands Bv - Netherlands
  • Bayan Resources Tbk. - Indonesia
  • ICICI Bank Limited - India
  • Interocean Group of Companies - India
  • Energy Link Ltd, New Zealand
  • Australian Coal Association
  • Peabody Energy - USA
  • Indika Energy - Indonesia
  • Lanco Infratech Ltd - India
  • International Coal Ventures Pvt Ltd - India
  • EIA - United States
  • Cosco
  • Medco Energi Mining Internasional
  • NALCO India
  • Bhoruka Overseas - Indonesia
  • Global Coal Blending Company Limited - Australia
  • Gujarat Sidhee Cement - India
  • Cement Manufacturers Association - India
  • Directorate Of Revenue Intelligence - India
  • Coaltrans Conferences
  • Adani Power Ltd - India
  • Idemitsu - Japan
  • Heidelberg Cement - Germany
  • Sinarmas Energy and Mining - Indonesia
  • Coal Orbis AG
  • Sakthi Sugars Limited - India
  • Mercuria Energy - Indonesia
  • GMR Energy Limited - India
  • Gujarat Electricity Regulatory Commission - India
  • Runge Indonesia
  • SMG Consultants - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • Carbofer General Trading SA - India
  • Enel Italy
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Samtan Co., Ltd - South Korea
  • Latin American Coal - Colombia
  • Kobe Steel Ltd - Japan
  • Directorate General of MIneral and Coal - Indonesia
  • Price Waterhouse Coopers - Russia
  • Asian Development Bank
  • Permata Bank - Indonesia
  • Thriveni
  • Pinang Coal Indonesia
  • Attock Cement Pakistan Limited
  • Credit Suisse - India
  • Kohat Cement Company Ltd. - Pakistan
  • Arutmin Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Argus Media - Singapore
  • Aboitiz Power Corporation - Philippines
  • Banpu Public Company Limited - Thailand
  • Tata Chemicals Ltd - India
  • Humpuss - Indonesia
  • London Commodity Brokers - England
  • U S Energy Resources
  • Edison Trading Spa - Italy
  • Indian Energy Exchange, India
  • Sree Jayajothi Cements Limited - India
  • Merrill Lynch Commodities Europe
  • APGENCO India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Thiess Contractors Indonesia
  • Central Electricity Authority - India
  • White Energy Company Limited
  • DBS Bank - Singapore
  • CNBM International Corporation - China
  • Anglo American - United Kingdom
  • bp singapore
  • Clarksons - UK
  • Core Mineral Indonesia
  • The State Trading Corporation of India Ltd
  • PowerSource Philippines DevCo
  • Malabar Cements Ltd - India
  • SASOL - South Africa
  • Ambuja Cements Ltd - India
  • Japan Coal Energy Center
  • Agrawal Coal Company - India
  • Inco-Indonesia
  • Makarim & Taira - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Neyveli Lignite Corporation Ltd, - India
  • McConnell Dowell - Australia
  • PetroVietnam Power Coal Import and Supply Company
  • Thomson Reuters GRC
  • Siam City Cement - Thailand
  • Gujarat Mineral Development Corp Ltd - India
  • TeaM Sual Corporation - Philippines
  • Marubeni Corporation - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • GAC Shipping (India) Pvt Ltd
  • Power Finance Corporation Ltd., India
  • Independent Power Producers Association of India
  • Berau Coal - Indonesia
  • Tamil Nadu electricity Board
  • Georgia Ports Authority, United States
  • OPG Power Generation Pvt Ltd - India
  • KPMG - USA
  • Barasentosa Lestari - Indonesia
  • Siam City Cement PLC, Thailand
  • New Zealand Coal & Carbon
  • Freeport Indonesia
  • Global Green Power PLC Corporation, Philippines
  • BRS Brokers - Singapore
  • PNOC Exploration Corporation - Philippines
  • European Bulk Services B.V. - Netherlands
  • Asmin Koalindo Tuhup - Indonesia
  • Karaikal Port Pvt Ltd - India
  • Manunggal Multi Energi - Indonesia
  • Bulk Trading Sa - Switzerland
  • Toyota Tsusho Corporation, Japan
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Bharathi Cement Corporation - India
  • Timah Investasi Mineral - Indoneisa
  • Electricity Generating Authority of Thailand
  • Indonesia Power. PT
  • Electricity Authority, New Zealand
  • Romanian Commodities Exchange
  • CoalTek, United States
  • Binh Thuan Hamico - Vietnam
  • Wilmar Investment Holdings
  • Dalmia Cement Bharat India
  • Coal India Limited
  • Wood Mackenzie - Singapore
  • Petrosea - Indonesia
  • Cardiff University - UK
  • IHS Mccloskey Coal Group - USA
  • Oldendorff Carriers - Singapore
  • Kartika Selabumi Mining - Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • Mitsubishi Corporation
  • Globalindo Alam Lestari - Indonesia
  • SN Aboitiz Power Inc, Philippines
  • UBS Singapore
  • WorleyParsons
  • Surastha Cement
  • HSBC - Hong Kong
  • Global Business Power Corporation, Philippines
  • Coal and Oil Company - UAE
  • Orica Australia Pty. Ltd.
  • Ministry of Finance - Indonesia
  • Malco - India
  • Kumho Petrochemical, South Korea
  • Planning Commission, India
  • Pendopo Energi Batubara - Indonesia
  • J M Baxi & Co - India
  • ETA - Dubai
  • VISA Power Limited - India
  • Intertek Mineral Services - Indonesia
  • Semirara Mining Corp, Philippines
  • Formosa Plastics Group - Taiwan
  • Grasim Industreis Ltd - India
  • Barclays Capital - USA
  • ANZ Bank - Australia
  • Baramulti Group, Indonesia
  • Maruti Cements - India
  • IMC Shipping - Singapore
  • Bangkok Bank PCL
  • Parry Sugars Refinery, India
  • Indian Oil Corporation Limited
  • Adaro Indonesia
  • Inspectorate - India
  • GNFC Limited - India
  • Posco Energy - South Korea
  • World Coal - UK
  • Ministry of Transport, Egypt
  • GB Group - China
  • Mercator Lines Limited - India
  • ACC Limited - India
  • BNP Paribas - Singapore
  • PetroVietnam
  • IEA Clean Coal Centre - UK
  • Krishnapatnam Port Company Ltd. - India
  • UOB Asia (HK) Ltd
  • Kideco Jaya Agung - Indonesia
  • Samsung - South Korea
  • ASAPP Information Group - India
  • Indogreen Group - Indonesia
  • Glencore India Pvt. Ltd
  • Lafarge - France
  • Bahari Cakrawala Sebuku - Indonesia
  • Savvy Resources Ltd - HongKong
  • Bangladesh Power Developement Board
  • Infraline Energy - India
  • OCBC - Singapore
  • Coeclerici Indonesia
  • PLN Batubara - Indonesia
  • Parliament of New Zealand
  • Shenhua Group - China
  • Vizag Seaport Private Limited - India
  • Borneo Indobara - Indonesia
  • EMO - The Netherlands
  • Ince & co LLP
  • Ind-Barath Power Infra Limited - India
  • Commonwealth Bank - Australia
  • Antam Resourcindo - Indonesia
  • Bank of China, Malaysia
  • Mechel - Russia
  • Petrochimia International Co. Ltd.- Taiwan
  • Mitra SK Pvt Ltd - India
  • Singapore Mercantile Exchange
  • McKinsey & Co - India
  • Indian School of Mines
  • Miang Besar Coal Terminal - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • Britmindo - Indonesia
  • Ministry of Mines - Canada
  • Gupta Coal India Ltd
  • GHCL Limited - India
  • South Luzon Thermal Energy Corporation
  • Russian Coal LLC
  • TRAFIGURA, South Korea
  • Vedanta Resources Plc - India
  • MS Steel International - UAE
  • JPMorgan - India
  • Panama Canal Authority
  • Chettinad Cement Corporation Ltd - India
  • TNPL - India
  • India Bulls Power Limited - India
  • Sucofindo - Indonesia
  • Africa Commodities Group - South Africa
  • Coalindo Energy - Indonesia
  • Leighton Contractors Pty Ltd - Australia
  • Platts
  • SRK Consulting
  • Moodys - Singapore
  • World Bank
  • Cargill India Pvt Ltd
  • KPCL - India
  • San Jose City I Power Corp, Philippines
  • PTC India Limited - India
  • Orica Mining Services - Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Qatrana Cement - Jordan
  • Meralco Power Generation, Philippines
  • SGS (Thailand) Limited
  • Altura Mining Limited, Indonesia
  • IBC Asia (S) Pte Ltd
  • The Treasury - Australian Government
  • AsiaOL BioFuels Corp., Philippines
  • Uttam Galva Steels Limited - India
  • Tata Power - India
  • Billiton Holdings Pty Ltd - Australia
  • Renaissance Capital - South Africa
  • Noble Europe Ltd - UK
  • Sical Logistics Limited - India
  • GVK Power & Infra Limited - India
  • NTPC Limited - India
  • SUEK AG - Indonesia
  • CCIC - Indonesia
  • Trasteel International SA, Italy
  • Platou - Singapore
  • Madhucon Powers Ltd - India
  • Vale Mozambique
  • Central Java Power - Indonesia
  • Salva Resources Pvt Ltd - India
  • Jaiprakash Power Ventures ltd
  • Meenaskhi Energy Private Limited - India
  • Total Coal South Africa
  • Essar Steel Hazira Ltd - India
  • Iligan Light & Power Inc, Philippines
  • Standard Chartered Bank - UAE
  • Ceylon Electricity Board - Sri Lanka
  • Australian Commodity Traders Exchange
  • Tanito Harum - Indonesia
  • Bukit Makmur.PT - Indonesia
  • Asia Cement - Taiwan
  • Rashtriya Ispat Nigam Limited - India
  • Riau Bara Harum - Indonesia
  • Bhatia International Limited - India
  • SMC Global Power, Philippines
  • Straits Asia Resources Limited - Singapore
  • Xstrata Coal
  • Chamber of Mines of South Africa
  • Star Paper Mills Limited - India
  • Metalloyd Limited - United Kingdom
  • Bukit Baiduri Energy - Indonesia
  • Vitol - Bahrain
  • Videocon Industries ltd - India
  • Sindya Power Generating Company Private Ltd
  • The University of Queensland
  • Larsen & Toubro Limited - India
  • Economic Council, Georgia
  • PLN - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Ernst & Young Pvt. Ltd.
  • TGV SRAAC LIMITED, India
  • Cebu Energy, Philippines
  • Simpson Spence & Young - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • Minerals Council of Australia
  • Kaltim Prima Coal - Indonesia
  • Rio Tinto Coal - Australia
  • Shree Cement - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Sarangani Energy Corporation, Philippines
  • Geoservices-GeoAssay Lab
  • Jatenergy - Australia
  • Maybank - Singapore
  • Maersk Broker
  • Deloitte Consulting - India
  • Gresik Semen - Indonesia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Mjunction Services Limited - India
  • Indonesian Coal Mining Association
  • The India Cements Ltd
  • JPower - Japan
  • Jindal Steel & Power Ltd - India
  • Holcim Trading Pte Ltd - Singapore
  • TANGEDCO India
  • globalCOAL - UK
  • Kalimantan Lumbung Energi - Indonesia
  • Therma Luzon, Inc, Philippines
  • Deutsche Bank - India
  • Thailand Anthracite
  • CIMB Investment Bank - Malaysia
  • Indo Tambangraya Megah - Indonesia
  • IOL Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • Bhushan Steel Limited - India
  • Xindia Steels Limited - India
  • Rudhra Energy - India
  • Reliance Power - India
  • Cemex - Philippines
  • Bukit Asam (Persero) Tbk - Indonesia
  • Eastern Coal Council - USA
  • Goldman Sachs - Singapore
  • Thai Mozambique Logistica
  • MEC Coal - Indonesia
  • Energy Development Corp, Philippines
  • Petron Corporation, Philippines
  • Indorama - Singapore
  • Thermax Limited - India
  • ING Bank NV - Singapore
  • Mitsui
  • CESC Limited - India
  • Maheswari Brothers Coal Limited - India
  • KEPCO - South Korea