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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, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Mond ...
Thursday, 29 October 09
UAE FUND EYES INDIA POWER FOR INDONESIAN COAL
Reuters reported that, the UAE's Middle East Coal (MEC) is in talks to buy equity stakes in India's power plants in exchange for long-term coal su ...
Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep ...
Thursday, 29 October 09
INDIA MMTC TENDER SET TO BOOST S.AFRICA COAL
The South African coal market is set to be boosted further by India's state-owned trading firm MMTC Ltd's tender for 12.5 million tonnes, Indian t ...
Thursday, 29 October 09
INDIA CEMENTS SET TO ACQUIRE COAL MINE IN INDONESIA
Business-Standard reported that, India Cements is set to acquire a coal mine in Indonesia for around $20 million (around Rs 100 crore). The company ...
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- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Mercator Lines Limited - India
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Bukit Baiduri Energy - Indonesia
- Posco Energy - South Korea
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- The University of Queensland
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
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