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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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Monday, 14 March 11
IRON ORE TRADING WORLD EUROPE 2011
Press Release - Strategy and opportunity for miners, steelmakers, end users and the financial community.
The iron ore spot market is growing at a ...
Sunday, 13 March 11
COAL NO LONGER A CHEAP ENERGY SOURCE - THE SUNDAY LEADER
The Sunday Leader reported that, the addition of power generated through coal power to the country’s national grid was initially expected to r ...
Sunday, 13 March 11
THE FREIGHT MARKET SEEMS WILL BE FIRM FOR MARCH AND APRIL - VISTAAR
COALspot.com - The freight market continued to rise with the BDI crossing 1500 points and the cape size index up by 32 pct and all other segments al ...
Friday, 11 March 11
THE HANDY MARKET IS QUITE VOLATILE
Handy
Lacklustre week as the USG is the only bright light with high volumes of petcoke/coal into the Med (paying mid 20´s bss aps USG). Litt ...
Thursday, 10 March 11
DRY BULK MARKET SHOWING SIGNS OF STRONGER RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market jumped by 3.37% yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI), moving up to 1,472 points, levels no ...
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- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Mercator Lines Limited - India
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
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