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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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Friday, 27 November 09
EXXARO SEES HIGH COAL DEMAND RAISING PRICES
Reuters reported that, South African diversified miner Exxaro Resources said on Thursday it expected coal prices to rise to between $70 and $75 per ...
Friday, 27 November 09
CENTENNIAL SAYS ENERGY-COAL PRICE TO RISE AS CHINA SEEKS FUEL
Bloomberg reported that, Centennial Coal Co., an Australian producer of the fuel, said contract prices are expected to rise in 2010, with Chinese co ...
Friday, 27 November 09
IN FIRST-10-MONTH OF 2009 COAL IMPORTS IN GUANGXI-FANGCHENG EXCEEDED FULL-2008 IMPORTS
According to Customs statistics, during the January-October, Fangcheng port accumulatively imported 3.676mln tons valuing U.S.$370, rising by 53.8% ...
Thursday, 26 November 09
CHINA'S COAL IMPORTS TO RISE BY 170 PERCENT IN 2009
According to the statistics released by China's General Administration of Customs on November 23, China's coal imports for October totaled 11.1 mi ...
Thursday, 26 November 09
CIL EYES OVERSEAS ACQUISITIONS TO BRIDGE SUPPLY GAP
Coal Minister Sriprakash Jaiswal on Wednesday said that state-run coal major Coal India is looking to acquire coal blocks in the US and
othe ...
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- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Australian Coal Association
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
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