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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, 19 April 10
PLN TO OPERATE COAL MINES IN BID TO FUEL POWER PLANTS
The Jakarta Globe reported that, state electricity utility PT Perusahaan Listrik Negara said on Sunday that it aimed to take over operation of small ...
Sunday, 18 April 10
GOVT FORMS PANEL FOR RS 12,000-CR (US$ 2.711 BILLION) COAL INDIA IPO - ECONOMIC TIMES
Economic Times reported that, the government has formed an inter-ministerial panel to carry forward the proposed Rs 12,000-crore (US$ 2.711 billion) ...
Sunday, 18 April 10
THE FUTURES FOR THREE YEARS (2010-2012) FOR PANAMAX WAS AT AROUND US$ 21500 PER DAY - VISTAAR
COALspot.com: The BDI indices up by 3.30 pct and overall market continued to be firm except for India to Fareast.
“The cape index for the f ...
Saturday, 17 April 10
DRY BULK SHIPPING MARKET ANALYSIS - BIMCO
Strong Chinese steel market is set to cushion the flood of new Capesize vessels entering the dry bulk fleet Demand: The first quarter of 2010 saw up ...
Saturday, 17 April 10
DRY BULK MARKET EDGES HIGHER ON STRONGER DEMAND
The dry bulk market managed to inch higher by the end of the week as brokers indicated that stronger cargo demand pushed freight rates that much hig ...
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- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- The University of Queensland
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Planning Commission, India
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
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