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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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Sunday, 21 June 09
CHINESE MINERS SEAL THERMAL COAL DEALS WITH JAPAN AND KOREA
As the confrontation between China's power and coal enterprises become more and more serious, coal enterprises which had supposedly been in the sho ...
Sunday, 21 June 09
MERCATOR TO BUY 3 BULK VESSELS
Mercator Lines, India’s second-largest private shipping company, is expanding its capacity and is set to acquire three gearless post-Panamax b ...
Sunday, 21 June 09
COAL SCARCITY HITS BIHAR POWER PLANTS
The Rs 60,000 crore 12,500mw power projects cleared by the State Investment Planning Board (SIPB) which could change the face of Bihar if commission ...
Sunday, 21 June 09
NLC CHALKS OUT RS 40K CR INVESTMENT
Public sector mini rathna, Neyveli Lignite Corporation is in rapid expansion mode and has chalked out Rs 40,000 crore investment both in
the mining ...
Sunday, 21 June 09
TRANSPORT PROBLEMS HOLD BACK RUSSIAN COAL EXPORTS
Limited rail capacity and poor port infrastructure are frustrating the ambitions of Russia's leading coal producers to increase exports quickly to ...
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- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
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- Kartika Selabumi Mining - Indonesia
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- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
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- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
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- Gujarat Mineral Development Corp Ltd - India
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- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
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- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- London Commodity Brokers - England
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- Latin American Coal - Colombia
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- Therma Luzon, Inc, Philippines
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- Pipit Mutiara Jaya. PT, Indonesia
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- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- The University of Queensland
- Romanian Commodities Exchange
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- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Xindia Steels Limited - India
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- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
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- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
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- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
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