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Friday, 26 June 09
SA COAL EXPORTS UNLIKELY TO BREACH 65MT THIS YEAR
 Coal volumes railed to South Africa’s Richards Bay Coal Terminal (RBCT) during the rain-affected first quarter of 2009 had fallen well short of the corridor’s nameplate yearly capacity of 70-million tons, and had come in at closer to an annualised 60-million tons, Transnet acting CEO Chris Wells revealed on Thursday
Speaking in an interview with Mining Weekly Online, which took place at the group’s head office in downtown Johannesburg, Wells said that the company and the industry “would have done extremely well” if they achieved volumes of between “64-million tons and 65-million tons” for the year as a whole.
At the start of its financial year on April 1, 2009, the State-owned group’s rail division had budgeted to handle 69-million tons up until March 31, 2010. But, heavy rains during the first quarter, some operational problems on the line itself and an “indifferent” supply of coal from the mines had all but put paid to that ambition.
In unveiling its annual results on Wednesday, Transnet reported that volumes railed down the coal channel – which connects the coalfields of Mpumalanga province, on the eastern side of South Africa, to the Indian Ocean-facing RBCT, in KwaZulu-Natal – fell to a “very disappointing” 61,9-million tons in 2008/9.
Wells said that he was particularly unhappy about last year’s decline, which capped a three-year trend of underperformance, with volumes having fallen consistently since 2006, when 68,8-million tons were railed.
The acting CEO, who took over temporarily from Maria Ramos earlier this year, while the Transnet board sought a permanent replacement, had become personally involved in the matter. He told Mining Weekly Online that he was in the middle of a series of engagements with senior executives from the country’s leading coal exporters in a bid to understand the constraints and to set in place actions to raise volumes again.
Since September, there had been a concerted effort from Transnet to improve the corridor’s performance and there had been intensive interactions with the mines and the RBCT.
“But now the mines have run short,” Wells said, adding that two large mining groups had acknowledged in recent meetings that they were not producing to plan.
But many of these miners were also unhappy with the fact that Transnet had not set in place firm plans to raise capacity on the corridor to match the expanding capacity of the RBCT.
The R1,2-billion “Phase V” expansion had been delayed and would now only be commissioned by the fourth quarter of 2009, instead of July 1, as initially planned.
But, the RBCT’s new nameplate capacity of 91-million tons a year was well in advance of the rail channel’s 71-million tons, and Transnet Freight Rail had indicated initiated expansion plans to raise that capacity to around 80-million tons through the addition of new rolling stock.
Moreover, its R3,4-billion acquisition of 110 dual-voltage locomotives was a full year behind schedule, which had raised anxiety levels even further.
Wells acknowledged these tensions, but stressed that “relationships” were being built and “greater trust” developing.
“We have as much interest as any of the mines to get this channel up to 75-million tons year in, year out as soon as possible, while we look at future expansion options,” he said, adding that Transnet had no intention of getting in the way of committed expansion.
But, the group was insisting on firm, long-term take-or-pay contractual arrangements before it committed to what would be a “very significant” capital investment programme to raise capacity to above 90-million tons.
“We are not going to spend many billions and then face a coal industry exporting 65-million tons,” Wells outlined, adding that there was a lot of work being done “together”, with the help of external advisers, to reach a deal of the expansion of the line.
Source: Mining Weekly (http://www.miningweekly.com/article/sa-coal-exports-unlikely-to-breach-65mt-this-year-transnet-2009-06-25)
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Thursday, 23 July 09
INDONESIA COAL-PRICES CLIMB TO $80, INDIAN DEMAND SLOWS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, jumped to nearly $80 a tonne this week, while Indonesi ...
Thursday, 23 July 09
COAL IMPORTS SURGE; EXPORTS DOWN IN H1
China Trade Information reported that, China’s coal imports surged by 126.3 percent year-on-year in the first half of 2009, reaching 48.3 mill ...
Thursday, 23 July 09
SRI LANKA CALLS FOR COAL SUPPLY BIDS
Daily Mirro reported that, In a move to install the country’s first coal power plant, Sri Lanka has invited bids to supply 2.4 million metric ...
Thursday, 23 July 09
POWER INVESTORS TURN BACKS ON VIETNAMESE COAL IMPORTERS
VietNamNet Bridge reported that, Investors of power plants always seek foreign coal sources to import themselves, believing they can come by it chea ...
Wednesday, 22 July 09
BERAU COAL DRAWS LOCAL, CHINESE BIDS - SOURCES
* Indonesian coal firm draws local, Chinese bids-sources
* Deal could value Berau at more than $1 billion-sources
Reuters reported that, China' ...
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- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Australian Coal Association
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- The University of Queensland
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- MS Steel International - UAE
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- New Zealand Coal & Carbon
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