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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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Wednesday, 22 July 09
ONE TENDERS FOR 114,000 MT FOR NOV-JAN
Moroccan state-owned power utility Office National de l’Electricité (ONE) has launched a tender for three handymax shipments of coal fo ...
Wednesday, 22 July 09
TAIPOWER RECEIVES 37 OFFERS IN TENDERS
State utility Taiwan Power has received offers for 37 panamax cargoes of bituminous and sub-bituminous coal in two tenders involving 12 panamax ship ...
Wednesday, 22 July 09
PRIME MINISTER APPROVAL SOUGHT TO HIKE COAL PRICES IN INDIA
PTI reported that decrying the low prices of the industrial fuel, the coal ministry will approach Dr Manmohan Singh PM of India next month for raisi ...
Tuesday, 21 July 09
BHATIA SAYS GETS ORDER FOR 800,000T COAL FROM KPCL
Reuters reported that, Indian traders Bhatia received on Tuesday a purchase order for 800,000 tonnes thermal coal at $63.00 C&F from Karnataka P ...
Tuesday, 21 July 09
NZ'S PIKE RIVER SAYS SELLS COAL AT $128 PER TONNE
Reuters reported that, New Zealand miner Pike River Coal said on Tuesday it had sold its premium hard coking coal at $128 a tonne for the curr ...
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- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- McConnell Dowell - Australia
- London Commodity Brokers - England
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- Minerals Council of Australia
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
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