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Monday, 28 December 09
NEED TO IMPORT COAL COMES EARLY
 Viet Nam may need to start importing coal as early as 2012, three years earlier than expected, to meet its electricity demands.
The Viet Nam Coal and Mineral Industries Group (Vinacomin) said it would be able to supply enough coal for the nation's electricity needs until 2011 but would need to start importing it in 2012.
The need to import parallels the country's demand for electricity, which is expected to increase by 17-20 per cent a year, according to a report by the Ministry of Industry and Trade.
Due to the country's rising reliance on thermal power generation and the Government's increasing power generation targets, much more coal than is currently being produced domestically would be needed. Dr. Pham Khanh Toan, director of the Institute of Energy of Viet Nam, said at a recent international conference in Ha Noi.
Toan said that the sector was already failing to meet Government targets as in the fourth quarter of 2009 the domestic electricity industry produced an extra 1,400 MW instead of the targeted additional 3.393MW.
Toan said this year's total output would be much lower than the Government's target.
The Ministry of Industry and Trade report said that in order to meet electricity demands for the period from now to 2025, Viet Nam will need about 4,000 MW more every year. As hydropower resources have nearly been fully exploited, and natural gas resources are limited, the country will have to rely on coal-run thermal power plants.
The report stated the demand for coal for power production is estimated to hit 32.5 million tonnes in 2013 and 44 million tonnes in 2015.
Vinacomin estimated that the volume of imported coal would be around 10 million tonnes in 2012. It will be increasing year by year and reach about 28 million tonnes in 2015 and 66 million tonnes in 2020. The majority of imported coal would be for thermal power plants.
Independent analysts said the coming shortage of the fossil fuel was due to continuous overexploitation and overexport of the country's coal resources.
Since 2004, the volume of coal that Viet Nam has exported has increased five-fold, reaching 32.5 million tonnes in 2007. This does not include the illegal export of 10 million tonnes a year.
The Ministry of Planning and Investment in 2006 warned that if the Government did not take measures to limit coal exports, the important natural resource would become exhausted, while Viet Nam needs to ensure energy security for the future.
Ministry experts also warned recently that the country would pay dearly for future coal imports, since the money earned from exports could only buy back a third of the volume.
Taking coal exports in 2007 as an example, they said the US$1.018 billion earned from exporting 32.5 million tonnes, would have only bought 7.5 million tonnes one year later (2008).
Despite the warnings, coal exports in 2007 were still very high, registering a year on year increase of 11 per cent.
The coal industry still plans, however, to continue coal exports at large volumes even when the country's coal resources are running low.
At present, Vinacomin can exploit over 50 million tonnes of coal a year, of which 15-20 million tonnes are provided for the domestic consumers, while the remaining is for export mainly to mainland China. The company expects to export 22.5 million tonnes of coal by the end of this year, accounting for more than half of its total output.
A representative of Vinacomin explained by saying that domestic coal prices were lower than export rates, while the domestic coal industry was in dire need of capital for upgrading technology and equipment.
Experts said the annual domestic coal supply had reached a limit since the country's open-cut mines were being exhausted.
The Quang Ninh Coal Mine in the same name province, which is the country's main coal producer, is a typical example. Although the mine had total reserves of 10.5 billion tonnes, it was running low because of constant overexploitation for more than 100 years.
Dr Nguyen Thanh Son, director of the Song Hong Energy Company, said that over the past 13 years if Vinacomin had not focused on just exporting coal but intensifying investments into improving its production and trading efficiency, the coal imports could have been delayed for dozens of years.
Import challenges
Related industries said that while coal importation was inevitable it would not be an easy task.
Experts from Vinacomin said coal resources were rapidly diminishing because more countries in the world were building big thermal power plants.
Consequently there would be strong competition from countries like Japan, South Korea and Taiwan who have existing long term coal import contracts with major suppliers such as Australia and Indonesia.
Another obstacle is the lack of infrastructure such as ports to import coal.
Vinacomin recently decided to set up a task group responsible to draw up coal import plans and find coal suppliers.
The group members will include Government officials and leaders of relevant industries.
Source: VietNamNet/Viet Nam News
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Thursday, 31 December 09
YANDICOOGINA BECOMES FIRST MINE IN AUSTRALIA TO PRODUCE 50 MILLION TONNES A YEAR
COALspot.com Press Release: Rio Tinto's Yandicoogina, Australia's largest-producing iron ore mine, has broken the 50 million tonne mark for annual ...
Wednesday, 30 December 09
INDIA CEMENTS TO FINALIZE 3 SHIPMENTS OF SOUTH AFRICAN COAL NEXT WEEK
COALspot.com (India): India Cements is looking for 3 shipments (150,000MT) of South African coal for January – March 2010 delivery on C ...
Wednesday, 30 December 09
BANPU EXPECTS STABLE COAL PRICES
2009 revenue growth will be hard to beat
Banpu Plc, Asean's largest coal miner, expects coal prices to stay firm at about US$80 per tonne in the f ...
Wednesday, 30 December 09
CIL DELISTS JAGUAR ENERGY FOR KODA LINKS
Coal India Ltd (CIL) has dropped Indonesia-based Jaguar Energy & Power Ltd from the list of companies, it intended to forge partnerships with to ...
Wednesday, 30 December 09
COAL PRICE RISE REQUEST DENIED
A proposal by the Viet Nam National Coal and Mineral Industries Group to double the price of coal has been turned down by the Ministry of Industry a ...
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- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Planning Commission, India
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- The University of Queensland
- Xindia Steels Limited - India
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
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