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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, 15 July 10
NO IMPROVEMENT IN THE DRY BULK MARKET - INTERMODAL
Broker’s insight
With the Baltic Dry Index today (13/7/2010) standing at 1,790 points - the lowest point since early May 2009 - ...
Thursday, 15 July 10
IRON ORE PRICING MECHANISMS PUT ON THE SPOT
THE new iron ore pricing mechanisms that killed off the annual benchmark system are coming under pressure. The spot price of the steel feed has fall ...
Thursday, 15 July 10
NTPC TO PURSUE COAL MINE ACQUISITION IN AUSTRALIA, INDONESIA - BUSINESS STANDARD
Business-Standard reported that, NTPC, the India’s largest power producer, has set the ball rolling to acquire coal mines or form joint ventur ...
Wednesday, 14 July 10
SUCCESSFUL COMMISSIONING OF GTLE LOW RANK COAL UPGRADING PLANT
COALspot.com: GTL Energy Ltd (GTL Energy) announced that construction and commissioning of its proprietary ‘first-of-a-kind’, low rank c ...
Tuesday, 13 July 10
BUMI TO PRODUCE MORE THAN 67 MILLION TONS OF COAL IN 2010
COALspot.com: Bumi resources, Indonesia’s largest coal producer has previewed its operating results in KPC/Arutmin for Jan – Jun 2010. A ...
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- Ind-Barath Power Infra Limited - India
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- Planning Commission, India
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- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
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- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Australian Coal Association
- London Commodity Brokers - England
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- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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- Maheswari Brothers Coal Limited - India
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- Economic Council, Georgia
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- Georgia Ports Authority, United States
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- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
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- Electricity Authority, New Zealand
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- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
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- Romanian Commodities Exchange
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- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
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- Aditya Birla Group - India
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- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
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- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
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- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
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- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
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- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
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- CNBM International Corporation - China
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
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- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
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- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
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- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Posco Energy - South Korea
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- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
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- Anglo American - United Kingdom
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