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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, 11 August 11
INDO TAMBANGRAYA 1H NET PROFIT SOARS 53.09%
Coal miner PT Indo Tambangraya Megah Tbk (ITMG) today reported a 53.09% jump in net profit for the first 6 months of this year on the back of higher ...
Wednesday, 10 August 11
KILLARA RESOURCES TO ACQUIRE SIX COAL CONCESSIONS OF TASON HOLDINGS
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...
Wednesday, 10 August 11
RESOURCE NATIONALISM IS MAIN BUSINESS RISK FOR MINING SECTORS, E&Y SURVEY
Resource nationalism is top of the business risk list for mining and metals companies around the world, while supply capacity constraint issues cont ...
Wednesday, 10 August 11
INDONESIAN COAL MINING ASSOCIATION OPPOSES LOW-GRADE COAL EXPORT BAN
COALspot.com - The Indonesian Coal Mining Association (ICMA) frowns on and challenges the government plan to ban the low-grade coal export inf ...
Wednesday, 10 August 11
ABM INVESTAMA TO OFFLOAD 20% IPO
Integrated coal mining PT ABM Investama, affiliated company of Tiara Marga Trakindo Group, aims to dispose 20% stake during an initial public offeri ...
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- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Planning Commission, India
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Indian Energy Exchange, India
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
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