We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 30 December 09
CHINA'S 2010 COAL DEMAND COULD RISE 4%-6%, ACCORDING TO CHINA SECURITIES JOURNAL
China, which is the world’s second-largest energy user, may consume between 4 and 6% more coal next year on continued economic growth, China S ...
Tuesday, 29 December 09
PROFIT IN COAL INDUSTRY DOWN 9.4% Y-O-Y IN JAN.- NOV.
In November, China's coal production was 289mln tons, up 26.3% year on year, an increase of 5.2% over last month. China's average daily trucks loa ...
Tuesday, 29 December 09
DHARMA HENWA EYES 20% REVENUE GROWTH
Local integrated mining services provider PT Dharma Henwa, which was earlier this year acquired by coal mining giant PT Bumi Resources, expects reve ...
Monday, 28 December 09
GOVT EYES $3.57B MINING, GEOTHERMAL INVESTMENT
The country can expect up to US$3.57 billion in investment in mining and geothermal energy next year, which would represent an increase by more than ...
Monday, 28 December 09
INDONESIAN MINER LINKED TO FUGITIVE FINANCIER
The Energy Ministry is unlikely to approve the transfer of ownership of coal miner PT Riau Baraharum on allegations it is indirectly owned by fugiti ...
|
|
|
Showing 6136 to 6140 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- Minerals Council of Australia
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Planning Commission, India
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Australian Coal Association
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
|
| |
| |
|
