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INDONESIA - Coal Demand from China Rises 20 Mn Tons


29524 fcras 25/5 2010 08:06
Oversigt



Senin, Indonesia, 24 Mei 2010, 13:34

"China has fantastic demand. The increase reaches 20 million tons"


VIVAnews - Coal demands from China and India increase significantly this year.

"China has fantastic demand. The increase reaches 20 million tons," said Coal Mines Association Chief, Bob Kamandanu, today, May 24.

According to him, given the solid market, domestic producers should try to produce as much coal as possible to meet the demands from both the domestic and foreign markets.

He said that this year the government targets the domestic coal production touch 320 million tons.

The production from those holding mining concession rights will be between 500 thousand and one million tons. The remaining amount will be produced by top companies like Adaro Energy (1), Kalltim Prima Coal (2), Kideco Jaya Agung (3), and Berau Coal (4).

'Each year, these top five companies improve their production between 2-4 million tons," he said.

In addition to an obligation to supply the domestic market, Bob said, given the targeted 320 million tons production, the certainty to supply domestic consumers would hit around 90 million tons.


http://en.vivanews.com/news/read/153129-coal_demand_f..
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1) Adaro Energy
http://www.adaro.com/home#

2) Kalltim Prima Coal
http://www.kpc.co.id/

3) Kideco Jaya Agung
http://www.kideco.com/index.htm

4) Berau Coal
http://www.beraucoal.co.id/
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"China has fantastic demand. The increase reaches 20 million tons," said Coal Mines Association Chief, Bob Kamandanu, today, May 24.

The increase reaches 20 million tons:

= 114 Capesize a´ 175,000 dwt
= 267 Panamax a´ 75.000 dwt
= 364 Supramax a´ 55.000 dwt

DNORD.CO




25/5 2010 08:13 fcras 029525




Tuesday, 25 May 2010

India may impose taxes and quotas on exports of iron ore from the country in order to increase availability of the raw material for the domestic steel industry, the Indian steel minister, Virbhadra Singh, stated this week, according to Indian media reports.

"The government has taken a few policy measures to discourage avoidable exports of iron ore and consequently raise domestic availability by increasing export duty on lump ores to 15 percent and having a five percent duty on fines.

Although this will have a marginal impact on exports, the government would have to look at the question differently by bringing in definitive deterrence," Mr. Singh said.

"If needed, we will resort to taxation measures and quantitative restrictions to conserve the use of iron ore for today and for the future. But such measures can be brought in a phased manner with a clear long-term plan," he said.

The minister was addressing a press conference on "Challenges for Indian Steel Industry in Infrastructure and Resources", organized by the Federation of Indian Chambers of Commerce and Industry (FICCI).

Minister Singh said his ministry was in close touch with the mines ministry to formulate a new mining policy to ensure domestic coking coal supplies.

He also asked public sector enterprises to invest aggressively in the acquisition of mining assets.

Recently, the Associated Chambers of Commerce and Industry of India (ASSOCHAM) recommended imposing a 20 percent duty on exports of iron ore fines as against the current five percent.

India's iron ore exports are directed mainly to China.

Most iron ore in the Chinese import iron ore spot market is from India.

Source: SteelOrbis

http://www.hellenicshippingnews.com/index.php?option=..
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Source: SteelOrbis

Website: http://www.steelorbis.com/alt2.do



25/5 2010 08:23 fcras 029526




Tuesday, 25 May 2010

Vale Mocambique, a subsidiary of Brazil's Vale group, will annually produce 1 million tonnes of iron concentrate when it begins exploiting mines in the Monapo district of Nampula province, reports the Maputo-based daily Noticias.

Vale Mocambique director Julio Barroso told the newspaper that the company, which specialises in extracting and commercialising ore, had signed contracts to sell iron concentrate to China and Oman.

Effective operations for the deal will get under way in the next four years and Vale Mocambique expects to earn US$100 million exporting iron ore concentrate to those two countries.

Iron deposits located at Evate in Monapo district are sufficient to be exploited for an estimated 28 years, indicate prospecting studies conducted by Vale Mocambique in the last three years.

Vale's Monapo project includes the construction of various infrastructures comprising processing plants, a dam to ensure water supply and an electric power plant, among others. It will employ about 800 workers, 10 percent of them foreigners.

Source: Macauhub

http://www.hellenicshippingnews.com/index.php?option=..
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Vale website:

http://www.vale.com/vale_us/cgi/cgilua.exe/sys/start...

DNORD.CO




25/5 2010 08:34 fcras 029527




Courage Marine on lookout for more large bulker buys

25/05/10

Singapore: Courage Marine says it is on the lookout for more large, secondhand dry bulk vessels.

The Singapore-listed shipowner has just added two more vessels to its fleet with a tonnage 213,420 dwt, bringing its total fleet to 610,000 dwt.

"We have added two vessels in the year so far. Our future strategy is to continue to explore opportunities for increasing our total capacity by keeping a constant lookout for additional large size vessels," said Hsu Chih-Chien, chairman of Courage Marine.

The company currently has a total of 10 vessels with 3 handysize, 2 handymax, 4 panamax and 1 capesize dry bulk carriers. [25/05/10]

http://www.seatradeasia-online.com/News/5646.html
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Courage Marine website:

http://www.couragemarine.com/index.html
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STX Pan Ocean inks bulker order

[25/05/10

Singapore; STX Pan Ocean has added a capesize and a panamax bulker to its orderbook.

The Singapore and Seoul listed shipowner said it had signed contracts with undisclosed Chinese shipyards for the two bulkers.

"The purchase of these new bulkers is to strengthen the competitiveness of the Company's dry bulk fleet," the company said.

It did not disclose the price or the delivery dates of the new bulkers. [25/05/10]

http://www.seatradeasia-online.com/News/5645.html
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STX Pan Ocean website:

http://www.panocean.com/

DNORD.CO




25/5 2010 08:51 fcras 029528






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