Cement News tagged under: coal
India: cement firms hit by high coal prices07 December 2012, Published under Cement NewsInput cost pressures for cement manufacturers have lately been rising due to international coal prices gaining 4% MoM in December, 2012 to average US$90.8/t in the first week of December coupled with 0.6% rupee depreciation against the dollar during the same period, says a Shajar Capital research note. As of 30 November 2012, Richards Bay Coal (FOB) stood at Us$89.8/t while Newcastle stood at US$87.1/t according to an AKD Securities research note. In this regard, with exports slowing dow... |
Udaypur Cement halts production, India30 November 2012, Published under Cement NewsThe Udaypur Cement factory in India has halted operations since last week because coal deliveries have been stopped, according to local press reports. The Himalayan newspaper has reported that the shutdown occurred after importers stopped supplying coal over late payments. Mona Lisa Enterprises and Divyashree Construction Service, the two coal importers for the industry, said they had stopped providing coal as they were yet to receive INR20m in payments. Meanwhile, the factory’s Seni... |
Indian government deallocates coal blocks19 November 2012, Published under Cement NewsIndia’s Ministry of Coal has issued deallocation letters for eight coal blocks, putting into action a recent decision by the Inter-Ministerial Group. Government has issued letters for at least eight coal blocks given to a single company or jointly,” ministry sources said. Companies affected by the measure include cement producers Grasim, Gujarat Ambuja Cement and Lafarge. The Bhaskarpara coal field was allocated to Grasim Industries while Gujarat Ambuja and Lafarge were previously awarde... |
Oracle signs MoU with Thatta for coal supply, Pakistan12 November 2012, Published under Cement NewsOracle Coalfields PLC, the UK coal developer of a lignite mineral property located in the southeastern desert of the Sindh Province, Pakistan, signed a Memorandum of Understanding (MoU) with Thatta Cement Company Ltd for the proposed supply of coal from the mine that Oracle is developing in Block VI of the Thar Coalfield. The MoU, which is between Oracle’s 80 per cent-owned subsidiary Sindh Carbon Energy Limited and Thatta, will see Oracle supply dried coal to Thatta’s cement works. The rep... |
Muger Cement Enterprise plans coal conversion project, Ethiopia10 October 2012, Published under Cement NewsEthiopia’s Muger Cement Enterprises is considering proposals from two Chinese suppliers to award a turnkey project for converting the current Heavy Fuel Oil (HFO) clinker burning system to coal fired system. Declining to disclose the names of the companies, Mekonnen Zergaw, CEO of the Enterprise told Fortune that five companies had participated in the bid, of which one has been disqualified at the beginning while two companies did not pass the technical evaluation. The government instructe... |
BAML sees 4Q2012 crude prices strengthen01 October 2012, Published under Cement NewsA tightening market for oil sees upward pressure on prices while gas is expected to remain range-bound. The thermal coal glut is expected to need some time to improve, leaving prices at a low. Oil Although indications are for a weak recovery in the global economy, the emerging markets lead the way in improving momentum, creating demand for real assets such as oil. Meanwhile, spare productive capacity in the oil market remains low, making for a tight supply side. Outages in the Nort... |
New order for Gebr Pfeiffer in Malaysia07 September 2012, Published under Cement NewsGebr Pfeiffer SE has been awarded the contract by KHD to supply the vertical roller mills for grinding cement raw material and coal for Straits Cement new 5000tpd plant in Malaysia. The Gebr Pfeiffer MPS 4750 B raw mill is to have a design capacity of 300tph of cement raw material ground to a product fineness of 12 % R90µm. The coal mill of the type MPS 2800 BK will be capable of grinding 35tph of coal. Straits Cement is a subsidiary of Malaysian YTL Group. |
Vinacomin to sell coal to Vicem affiliate, Vietnam31 August 2012, Published under Cement NewsState-owned miner Vinacomin will sell 130,000t of coal to VICEM Materials Transport Cement Joint Stock Company, an affiliate of Vietnam Cement Industry Corporation (Vicem). The figure will include 55,000t of 3CHG coal dust, 45,000t of 4aHG, 15,000 tons of 4bHG and 15,000t of 5aHG. This is a part in a purchasing contract between Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin), the country’s biggest miner, and state-owed Vicem. Vinacomin is expected to deliv... |
ACC sees Indian demand rising 10 per cent YoY, India16 August 2012, Published under Cement NewsIndian cement major ACC has said cement demand may grow at a healthy rate of 10 per cent in 2012 but subdued capacity utilisation and higher raw material costs will keep prices under pressure. "The demand for cement is expected to grow at 10 per cent over 2011. A lower utilisation rate coupled with increase in cost of raw materials and increasing logistics costs are likely to keep overall prices under pressure in all regions," it said in its annual report. "Pressure on costs will continu... |
Malabar Cements seeks thermal coal supply, India14 August 2012, Published under Cement NewsMalabar Cements Ltd. is seeking to buy 12,000t of thermal coal, according to a document on its website.The state-owned cement maker based in Kerala is seeking coal with 5,500kcal/kg on an air-dried basis, 12 per cent maximum total moisture, 23 per cent maximum ash and one per cent maximum sulphur to be delivered at the port of Cochin, according to the tender document. Bids will be opened on September 5, Bloomberg reports |