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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, 24 December 09
EUROSEAS LTD. ANNOUNCES TWO-YEAR TIME CHARTER AGREEMENT FOR PANAMAX BULK CARRIER
Euroseas Ltd., an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerize ...
Wednesday, 23 December 09
INDONESIA POWER CHIEF TO BUILD PLANTS OUTSIDE JAVA
Indonesia's state electricity firm plans to build new power plants outside Java island with a combined capacity of around 2,000 megawatts to resolv ...
Wednesday, 23 December 09
BUKIT ASAM SEES CHINA COAL DEMAND BOOST
* Rebound in prices to have pushed up 2009 revs
* To more than double Tarahan port capacity
Reuters reported that, Indonesian state-owned coal m ...
Wednesday, 23 December 09
MACARTHUR COAL OFFERS TO BUY RIVAL GLOUCESTER
Queensland-based Macarthur Coal will offer to buy fellow Australian Gloucester Coal, in a move to add two new mines and increase coal resources.
...
Tuesday, 22 December 09
CHINA CONTRACTED COAL PRICE FOR 2010 SEES SLIGHT INCREASE
A number of coal and power enterprises have concluded their annual power-coal supply contracts for 2010, and the contracted coal price saw slight in ...
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- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- The University of Queensland
- Ambuja Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- PTC India Limited - India
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Australian Coal Association
- Parliament of New Zealand
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
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