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Wednesday, 06 January 10
COAL PEAK RECEDES INTO THE FAR DISTANCE
COALspot.com (German): Coal will be available to mankind as an energy source for the next 120 years.
The German Coal Importer Association has called attention to this fact. During a convention of the Evangelische Akademie Tutzing, the experts corrected descriptions of the reserves situation originating from the Energy Watch Group, which is associated with the Greens. The coal importers regard the statements made by this group predicting an imminent decline in world production to be misleading as they are in part wrong and ideologically based .
The time period of 120 years for profitably minable coal reserves is based on figures from the German Federal Institute for Geosciences and Natural Resources (BGR ). These figures show that hard coal will be a vailable for a significantly longer time than oil or natural gas. Moreover, coal is the primary energy source with the fastest growth rate in consumption.
It will cover a major part of energy demand until 2030, above all in Asian countries.
According to forecasts by the International Energy Agency (IEA), the world population will grow by 1.4 billion to over eight billion within the next 20 years. This translates into growth of the world population each year by a figure corresponding approximately to the total population of Germany.
At the same time, energy consumption will grow over proportionately by 30%.
If this demand is to be met, all of the forms of energy must be utilised. Despite the massive increase in renewable energy sources, the fossil energy sources coal, oil and gas will cover 75% of the additional consumption up to the year 2030. Against this back drop, the development of the CCS technology (carbo n - capture - storage) clearly proves to be important; without it, any improvement in the climate will be very expensive.
The new technology represents greater export opportunities, especially for Germany, than the comparatively simple technologies of wind or solar energy, which are more easily copied and are already being imitated in other countries.
Source: Global Press / The German Coal Importer Association
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Wednesday, 09 December 09
COAL INDIA YET TO IMPLEMENT IMPORT LINKED PRICES
Coal India Ltd is adopting a conservative approach in pricing despite being allowed to charge import-linked price for the country's minuscule reser ...
Wednesday, 09 December 09
INDIA NEEDS TO IMPORT 29 MILLION TONNE STEAM COAL IN 2009 - 10
Mr Sriprakash Jaiswal Indian minister of state (Independent Charge) for coal informed the Rajya Sabha that Central Electricity Authority has estimat ...
Tuesday, 08 December 09
VOLATILE COAL PRICES SPUR ASIAN HEDGING
Volatile coal prices are forcing staid Asian power firms to change the way they buy fuel, setting the scene for a hedging boom as a growing array of ...
Tuesday, 08 December 09
MEC TO SHIP 2M T INDONESIA COAL TO INDIA IN 2010 - REUTER'S INTERVIEW
The UAE's Middle East Coal plans to start operation of coal mines in Indonesia's East Kalimantan province next year with initial production of 2 m ...
Tuesday, 08 December 09
RICHARDS BAY COAL SHIPMENTS FELL 11% IN NOVEMBER FROM YEAR AGO
Coal exports from South Africa’s Richards Bay, site of the continent’s largest export terminal for the fuel, fell 11 percent in November ...
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- Global Business Power Corporation, Philippines
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- Indian Oil Corporation Limited
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- The Treasury - Australian Government
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- European Bulk Services B.V. - Netherlands
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- Minerals Council of Australia
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- GN Power Mariveles Coal Plant, Philippines
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- Antam Resourcindo - Indonesia
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- Malabar Cements Ltd - India
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- Eastern Coal Council - USA
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- London Commodity Brokers - England
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
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- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
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- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
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- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
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- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- The University of Queensland
- Merrill Lynch Commodities Europe
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- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
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- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
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- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
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- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
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