Cement News tagged under: coal
Lucky Cement plans Karachi coal-based power plant17 July 2014, Published under Cement NewsLucky Cement plans to invest in a coal-based power plant in Karachi, Pakistan, through its subsidiary Lucky Holdings Limited (LHL). The board is recommending to shareholders the approval of the US$200m investment to be set up by a new entity under the name of Lucky Electric Power Company Ltd, of which Lucky Cement would own a 75 per cent stake through LHL and has agreed to maintain at least a 20 per cent indirect stake to the sixth anniversary of the commercial date of operation. The ... |
India: local tax on coal mines to hit cement firms24 March 2014, Published under Cement NewsIndia's coal ministry has tabled a proposal that cement, steel and sponge iron companies that have captive coal mines have an undue advantage, and this could be offset with a new tax. The rationale behind the coal ministry's proposed increase in taxes on cement and steel companies that own coal mines is that, while they are insulated from the market vagaries as far as this key input is concerned, their output prices are market determined, leading to an undue advantage. The exact amount of ... |
Maximising AF usage25 February 2014, Published under Cement NewsWhile the use of alternative fuels (AF) continues to increase, the desired targets always pose challenges as the price and properties of waste-derived fuels vary. Therefore, a better understanding of AF utilisation is essential to mitigate any potential negative effects on kiln stability, product quality and emissions. The case study detailed below highlights the effectiveness of using MI-CFD as an engineering tool to reduce CO emissions when AF is co-fired with coal at the kiln front-end. B... |
Waiting for the light19 November 2013, Published under Cement NewsWith cement demand growth slipping below six per cent in 2012, India appears to have fallen short of expectations, in spite of remaining a high-growth market by global standards. As the NCB prepares for its 13th International Seminar on Cement and Building Materials on 19-22 November in New Delhi, ICR looks at the prospects of India’s cement sector. The beginning of 2013 proved a challenging time for the Indian cement sector. As production capacity continues to rise, the industry i... |
Pakistan: cut in discount rate should benefit cement sector27 June 2013, Published under Cement NewsPakistan's cement sector remained the major beneficiary in the reducing interest rates scenario being one of the major leverage sectors thanks to massive allocation of Public Sector Development Program (PSDP). The cement volume growth may cross the figure of 4 per cent in FY2013-14, as the National Economic Council has approved a 32 per cent hike in PSDP allocation to PKR1155bn (US$11.7bn) in upcoming budget, with share of the federal government at PKR540bn (US$5.5bn) and provincial share ... |
Emerging markets continue to play key role in global energy prices15 February 2013, Published under Cement NewsWith a sluggish US economy where the fiscal cliff remains a major concern in 1H13 and a recession-hit Eurozone burdened by unaffordable energy import costs, it is clear that most support for global oil demand hinges on the consumption of emerging markets. The economic benefits of globalisation, urbanization and industrialization have led to major advances in productivity, positively impacting on oil demand in these parts of the world. As the world oil demand improves gradually, non-OPEC s... |
Pakistan invites Expressions of Interest for new coal terminal18 December 2012, Published under Cement NewsThe Karachi Port Trust (KPT), which operates under Pakistan’s Ministry of Ports and Shipping, is inviting expressions of interest (EOI) to develop a dedicated coal terminal on a Build on Transfer (BOT) basis. The port authority is inviting consortiums of financial, legal and technical consultants/firms, to provide services to help it develop the terminal. The last date for receiving the EOI is 15 January 20 13. An official of the KTP told CemNet news that the new terminal will be used ... |
China Resources Cement to sign coal agreement14 December 2012, Published under Cement NewsChina Resources Power said it agreed to supply coal to China Resources Cement with a term of three years from 1 January 2013 to 31 December 2015. According to local press, the unit price of coal will be negotiated on an "arm's length" basis between the parties with regards to the prevailing market prices of coal and the quantity of coal will be decided according to the demand of CR Cement Group. |
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... |