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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 April 10
DRY BULK MARKET SLOWLY GAINING GROUND
The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified ...
Tuesday, 13 April 10
CHINA COAL SEEING 'STRONG DEMAND,' PUDA COAL CFO SAYS - BUSINESS WEEK
Business Week reported that, China coal prices will increase this year as the nation’s industry expands and a drought in the southwest region ...
Tuesday, 13 April 10
PEABODY, COAL INDIA CONFIRM 'EARLY STAGE' TALKS - MINING WEEKLY
Mining Weekly reported that, US coal-miner Peabody Energy is holding discussions with Coal India, the company said on Monday, after an Australian ne ...
Tuesday, 13 April 10
THE PANAMAX MARKET CONTINUED TO STRENGTHEN - BRS DRY BULK
Panamax rates continue to beat the market, and the Panamax 4TC is now trading at a 25% premium to the Cape 4TC — the biggest margin since the ...
Monday, 12 April 10
INDIA'S NALCO TO INVEST BIG IN INDONESIA'S ALUMINIUM PROJECT - BERNAMA
Bernama reported that, India's state- owned National Aluminium Company Ltd (Nalco) is to pump in massive investment to set up a aluminium smelter a ...
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- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- PTC India Limited - India
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Thai Mozambique Logistica
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