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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, 01 July 09
COAL INDIA SEEKS FASTER APPROVALS, IMPORTS, OVERSEAS MINERS
Coal India Ltd., the world’s biggest coal producer, wants mining approvals sped up to help it boost production to meet a widening supply short ...
Tuesday, 30 June 09
ARCELORMITTAL, RIO, 8 OTHERS VIE FOR COAL INDIA MINES
Coal India Ltd. short-listed ArcelorMittal, Rio Tinto Group and eight other companies to develop its abandoned mines to help ease a shortage of coal ...
Monday, 29 June 09
INDONESIA PLANS 20 PCT FOREIGN MINING SALE LAW
Indonesia plans to require foreign investors in mining firms to gradually divest shares starting from the fifth year of commercial production, but m ...
Monday, 29 June 09
CHINA ENJOYS STABLE COAL ECONOMY IN THE FIRST FIVE MONTHS OF 2009
In the first five months of the year, China's raw coal production had continued to rise, and coal market stayed in a balance in terms of supply-dem ...
Monday, 29 June 09
GOVERNMENT FINE TUNES MINING LAW
The government is planning to require all foreign-owned mining companies to divest 20 percent of their businesses to local entities after five years ...
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- Interocean Group of Companies - India
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- The University of Queensland
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Economic Council, Georgia
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
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