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Monday, 06 November 17
COAL SHORTAGE HURTS INDIA'S HINDALCO AND VEDANTA SAYS BUSINESS STANDARD
 Aluminium smelter operations of Vedanta and Hindalco are at risk of turning unviable due to a coal crunch.
According to Business Standard an Indian news paper, coal supply to the captive power plants owned by the two aluminium producers is low. Coal committed in auctions is not being delivered. Since power contributes 40-45 per cent to the smelting cost of aluminium, the companies have installed captive plants of 8,700 MW to cater to their requirements. But, the aluminium industry is struggling to meet its coal requirement due to lower despatches by rail for captive power plants.
According to conditions listed in its fuel supply agreements, Coal India is committed to supply 75 per cent of the annual contracted quantity, below which a penalty is triggered.
Business Standard further reported, most of the aluminium smelters in the country face a coal shortage at their captive power plants and are working with critical stocks. The shortfall is 57 per cent at Vedanta’s captive power plant in Odisha. Bharat Aluminium Company faces a 21 per cent coal shortage and the Aditya Birla group-owned Hindalco faces a shortfall of 78 per cent.
The backlog of sanctioned railway rakes for the three captive power plants is 315.
Business Standard further reported that the Aluminium Association of India has written to the prime minister’s office and the ministries of coal and railways about the situation. AAI President and Nalco Chairman TK Chand could not be contacted for comments.
Coal shortage hurts Hindalco, Vedanta “Coal India should make coal available as per contractual commitments and reinstate 100 per cent coal supply. Rake allocation should be prioritised for optimum materialisation of auctioned coal,” the AAI suggested in its letter.
The industry has invested Rs 1.2 lakh crore in order to raise the country’s aluminium production capacity from 2 million tonnes to 4.1 million tonnes. These investments are riding on debts of Rs 70,000 crore. The aluminium producers have nurtured hundreds of small and medium enterprises in the downstream sector, employing 750,000 people directly and indirectly, the AAI pointed out.
The country’s aluminium demand is growing at a compounded annual rate of 10 per cent. Demand is expected to receive a fillip from the government’s thrust on Make in India, Smart Cities and Power for All schemes, promotion of indigenous defence manufacturing, and the growth potential of the automotive and aviation industries. The aluminium industry contributed 1.2 per cent to the country’s exports in 2016-17 valued at $3.2 billion said Business Standard.
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Tuesday, 07 November 17
MECHEL SIGNED LONG-TERM COAL SUPPLY CONTRACT WITH ITOCHU CORPORATION
Mechel PAO a leading Russian mining and metals company, reports signing a framework agreement with a major Japanese universal trading company Itoch ...
Tuesday, 07 November 17
DRY BULK SHIPPING: TAKE GOOD CARE OF THE RECOVERY SAYS PETER SAND
Demand:
Even without much support from Brazilian iron ore exports during August, capesize rates went from $10,000 to $17,000 per day. In Septembe ...
Tuesday, 07 November 17
COAL MARKETS WERE RELATIVELY BUOYANT - DANIEL HYNES
Coal markets were relatively buoyant. Metallurgical coal prices were supported by the stronger steel and iron ore prices, says Daniel Hynes, Senior ...
Tuesday, 07 November 17
PROSPERITY AND WINTER WARMTH REMAIN PARAMOUNT IN CHINA - JEFFREY LANDSBERG
Chinese officials announced recently that 580 gigawatts of coal-derived electricity generation capacity has completed ultra-low emissions reform as ...
Monday, 06 November 17
MARINE BUNKER EXCHANGE EXPECTS BUNKER PRICES WILL CONTINUE UPWARD TREND NEXT WEEK
World fuel indexes rose during the week, supported by main oil producers’ statements about possible extension of oil production cut agreement ...
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Showing 1891 to 1895 news of total 6871 |
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- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- Planning Commission, India
- Heidelberg Cement - Germany
- The University of Queensland
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
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