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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, 12 June 12
ITACHA RESOURCES BUYS SARANA MARINE - INSIDER STORIES
Insider Stories reported that, coal mining company PT Itacha Resources, a joint venture between Anthoni Salim and Glenn Yusuf, announced that Itacha ...
Monday, 11 June 12
BAHANA FORECASTS THE COAL PRICES WILL FALL FURTHER
COALspot.com - Growing US coal supplies + low shipping costs = Asia as target.
According to Irwan Budiarto analyst at Bahana Securities, US ...
Monday, 11 June 12
ASIAN COAL TRADING COMMUNITY EMBRACES API 5 AND API 8
Press Release - The Asian coal trading community is embracing the API 5 and API 8 indexes for its swap contracts.
The API 5 index represents 5,50 ...
Sunday, 10 June 12
FREIGHT MARKET EXPECTED TO REMAIN WEAK FOR NEXT FEW WEEKS - VISTAAR
COALspot.com - The BDI continued to fall this week and down by 2.99 pct closing at 877 points.
The Cape index also was down by 5.78 pct closing a ...
Friday, 08 June 12
ESSAR ENERGY RECEIVES FINAL APPROVAL FOR INDONESIAN COAL BLOCK
COALspot.com - Essar Energy plc, the India-focused integrated energy company, today announced that it has received final ‘Pinjam Pakai’ ...
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- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Planning Commission, India
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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