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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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Tuesday, 04 September 12
SHIP OWNERS' COMPETITION LEADS TO TANKER FIXTURES BELOW OPERATING COSTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship owners operating in the VLCC tanker markets are increasingly finding it difficult to obtain even breakeven rates for their vessels, as competit ...
Tuesday, 04 September 12
ORPHEUS SECURES ADDITIONAL SIGNIFICANT KINTAP COAL PROJECT IN SOUTH KALIMANTAN
COALspot.com - Indonesian coal producer, Orpheus Energy (ASX:OEG) has announced that it has secured a 50% equity ownership in an additional tenement ...
Monday, 03 September 12
SHIPOWNERS TO WAIT FOR FURTHER PRICE REDUCTIONS IN THE SECOND HAND VESSEL MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With September now upon us, shipbrokers are looking towards an interesting winter season, as ship owners are looking to capitalize on more second ha ...
Sunday, 02 September 12
ADAROS COAL ROYALTIES TO THE GOVERNMENT INCREASED BY 10.5 PERCENT Y-O-Y TO US$196.8 MILLION
COALspot.com - PT Adaro Energy Tbk (IDX: ADRO), the second largest power plant coal producer in Indonesia, announced its consolidated auditor-review ...
Saturday, 01 September 12
FALLING PRICES; BLEEDING MINERS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for October 2012 delivery lost 4.070 percent and 0.422 percent respectively on W-o-W and D- ...
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- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- London Commodity Brokers - England
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- The University of Queensland
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Australian Coal Association
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- MS Steel International - UAE
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
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