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Tuesday, 13 April 10
ANGLO PREDICTS HIGH COAL PRICES, STEADY SUPPLY
Busrep / Reuters reported that, Coal prices were expected to remain strong this year, while exports would match last year's despite rail constraints, the head of Anglo American's local coal unit said yesterday.
Anglo Coal chief executive Norman Mbazima expected the price of coal to average $85 (R612) a ton this year.
Richards Bay Coal Terminal's free-on-board prices have been about $82 to $85 a ton for the past month.
"Those are exciting prices and we think they will be maintained," Mbazima said during a visit to the company's Landau coal mine in Mpumalanga.
Mbazima said he also expected the company to export about 16 million tons of coal, unchanged from last year, despite railing hitches to the export terminal.
Coal exporters have said rail hitches to the Richards Bay Coal Terminal have been blamed for low coal deliveries.
Africa's largest export terminal is owned by South Africa's largest exporters of the fuel, including BHP Billiton, Anglo American and Xstrata, and is serviced by the railway arm of Transnet.
Transnet's rail division said earlier this year it expected to transport 65 million tons of export coal to the port this year and would try to raise that to 70 million tons.
Transnet Freight Rail said last month it expected to transport 62 million tons of coal in the financial year to the end of March, slightly up from 61.9 million the previous year.
Mbazima said Anglo Coal was seeking to exploit thermal coal opportunities in Indonesia, Australia and Colombia.
"We are looking at global growth opportunities for (the) seaborne market," he said.
He said Anglo Coal planned to increase coal exported to India this year from the 4.9 million tons last year.
Mbazima said the coal producer was also looking to facilitate the development of a power station using its own discarded or waste coal. The power plant could produce about 300 megawatts of electricity to be used for Anglo's operations in South Africa, including its platinum and iron ore mines.
He said there was enough waste coal - left over after the processing of coal destined for export - for the life of a power station of about 40 to 50 years. He said the company did not plan to finance, build or operate the station, but hoped to attract an independent power producer to build the plant.
"We will be providing the power-purchase agreement to say that if you come in, build this plant and run it, we will buy the power for the next 40 years, and we will provide the fuel," he said.
South Africa has been battling a chronic power shortage, which worsened in early 2008 when the national grid suffered a near collapse, costing the country billions of dollars in lost output as mines and manufacturing plants were shut for days. - Reuters
Source: Busrep / Reuters ( By Agnieszka Flak)
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Thursday, 03 November 11
DRY BULK MARKET OFFICIALLY IN THE RED ON LOWER CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept falling yesterday, on lower iron ore demand, which has caused the industry’s benchmark, the BDI (Baltic Dry Index) to ...
Wednesday, 02 November 11
MMTC TO BUY 3.73 MILLION TONS OF COAL FOR 2011- 2013
COALspot.com - India’s state-owned coal and mineral trader MMTC looking for 3.73 million tons of power plant coal for the period 2011 - 2012/ ...
Wednesday, 02 November 11
PANAMAX MARKET BECAME QUIETER AFTER THE RECENT RECOVERY - BRS
There were substantial losses across the board this week: the BDI lost 6.3% to end at 2,018 and the BCI 8.2% to end 3,274. In the smaller sizes the ...
Tuesday, 01 November 11
BORNEO LUMBUNG BUYS 23.8% INTEREST IN BUMI
COALspot.com - PT. Borneo Lumbung Energi (BORN), an Indonesian coking coal producer announces that it has signed a sale and purchase agreement, cond ...
Tuesday, 01 November 11
BAKRIE FORMS STRATEGIC PARTNERSHIP WITH BORNEO - REDUCING DEBT BY USD 1 BILLION
Press Release - Enhancing the standing of “Indonesia Inc.” at the London Stock Exchange PT Bakrie & Brothers Tbk (“BNBR” ...
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- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Australian Coal Association
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- The University of Queensland
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
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