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Monday, 02 November 09
RIO TINTO WARNS ON CHEAP MONGOLIAN COAL
The Age reported that, Mining giant Rio Tinto has warned that cheap coal from Mongolia as well as congestion at the Port of Newcastle in NSW could undermine export markets for the Australian commodity.
Rio Tinto chief executive Tom Albanese said he knew the leader of an energy company who likened opportunities in Mongolia to a ‘‘religious experience’’.
‘‘Coal from Mongolia to China is happening. It is expanding, probably doubling every two years,’’ Mr Albanese told an investors’ conference in Sydney on Monday.
‘‘Will that coal get to the seaborne markets? I suspect it will.
‘‘Will it get to the seaborne markets at a lower delivered cost than Australian coal? I suspect it will too,’’ he said.
Mr Albanese said problems at the world’s biggest coal port, Newcastle, were unhelpful.
He said Rio Tinto’s Australian coal production was not at capacity purely because of logistical reasons in getting the coal exported.
‘‘We should remind ourselves that Australia is not the only source of supply for the Asian seaborne market, so if the coal chain does not pick up, others will find their way to that market,’’ he said.
Mr Albanese said Rio Tinto was leading the way in moving towards a longer-term take-or-pay arrangement at the Newcastle port facility.
Newcastle’s coal port has been plagued by congestion over the past 20 years, causing headaches for exporters.
Mr Albanese said his company was continuing to look to invest in Mongolia, where coal coal horizons were 300 metres or more in thickness.
‘‘We have coal interests through our stake in Ivanhoe (Australia Ltd) but we also have coal interests on our own in Mongolia via Rio Tinto explorations,’’ he said.
Source: The Age
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Friday, 23 October 09
AUSTRALIA APPROVES CHINESE TAKEOVER OF FELIX RESOURCES
* Australia give conditional approval to China's Felix deal
* Chinese owner must list the assets on Australian exchange
Reuters reported that, ...
Friday, 23 October 09
IVANHOE TARGETING 20 MILLION TONS OF COAL OUTPUT IN MONGOLIA
Bloomberg reported that, Ivanhoe Mines Ltd., developing a $4 billion copper and gold mine in Mongolia with Rio Tinto Group, is targeting long-term c ...
Friday, 23 October 09
XSTRATA PLANS $1BN AUSTRALIAN COAL PORT
Xstrata Plc, the world's biggest exporter of steam coal, plans to build a new $1 billion coal port in Australia, it said.
The proposed Balaclava ...
Friday, 23 October 09
MEXICO'S CFE SEEKS 6.24 MLN T COAL FOR 2010-12
Reuters reported that, Mexico's state-owned power monopoly plans to award a tender for 6.24 million tonnes of steam coal in December, according to ...
Friday, 23 October 09
CIL PRICE HIKE LIKELY TO PUSH POWER RATES UP
Business-Standard reported that, May squeeze cement companies’ margins, but the steel sector is unlikely to be affected much.
The upward re ...
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- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- VISA Power Limited - India
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- The University of Queensland
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
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