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Monday, 13 July 09
EXPORT COAL PRODUCTION FROM MOOIPLAATS COULD START IN NOVEMBER
 Mining Weekly reported that, South Africa-focused emerging miner Coal of Africa (CoAL) has completed a revised mining layout for its Mooiplaats thermal coal project, in Mpumalanga, it reported on Monday.
CoAL stated that export-quality thermal coal was expected to be in reached in November 2009 at the earliest, or the first quarter of 2010 at the latest. The company had initially planned to produce saleable export-quality thermal coal early in its new financial year, which started on July1.
CoAL said that all other aspects of the original mine planning and scheduling for Mooiplaats remained the same, and there had been no material amendment to either the anticipated tonnage schedules or the project’s life-of-mine.
The Aim, ASX- and JSE-listed company stated that operations at the Mooiplaats project were continuing well, with mid volatile lean coal currently being produced at a monthly rate of 30 000 t run-of-mine (ROM), while establishing access into the export thermal coal resource.
CoAL said that it was in ongoing discussions with a number of parties regarding an offtake agreement for mid volatile lean coal. Should a formal deal be concluded, production could be ramped up to over 80,000 t ROM a month.
The miner had already reached an agreement on terms and conditions for the takeoff of the export-quality thermal coal to be produced at Mooiplaats.
Discussions were proceeding with third parties requiring coal processing facilities as well as rail and port access, while build-up at Mooiplaats continues.
Meanwhile, CoAL stated that it was ready to “immediately” launch the first phase of its Vele coking coal project, in Limpopo, upon the granting of a new order mining licence from the South African government.
The first phase would initially comprise the establishment of a modular coal treatment plant, which would have the ability to deliver about one-million saleable tons of coking coal a year, expected to be delivered to steel major ArcelorMittal South Africa for use at it steelworks in Vanderbijlpark.
The capacity of the modular coal treatment plant could be doubled, should the steel company seek to increase its takeoff from Vele. A letter of intent signed with ArcelorMittal South Africa in April 2008, provided for potential takeoff from CoAL’s coking coal properties of between 2,5-million tons and five-million tons a year.
Phase two would deliver the planned full capacity of five-million tons of coking coal a year. The timing of the second-phase expansion to deliver five-million tons a year of saleable coking coal would be dictated by market conditions.
The total capital expenditure required to complete phase one was estimated at R35-million. To double the phase one capacity would cost a further R200-million. Some R2,65-billion would be required for the second phase.
CoAL further stated that it was progressing with the planning of its Makhado coking coal project, in Limpopo. Analysis of the coal resource quality was continuing, post the completion of additional large diameter bulk sample drilling in the second quarter of 2009.
The full-scale project plan was based on the production of five-million tons of coking coal a year. A similar phased approach to that at Vele using a modular coal processing plant might also be applied at Makhado, which would lower initial capital requirements and enable CoAL to self-fund the build up into a full capacity mine.
Current indications were that a modular plant based first phase, with a capacity of one-million saleable tons of coking a year, would require a capital investment in the order of R500-million, compared to R2,7-billion required for the full-scale mine development.
CoAL noted that market conditions would determine whether the development of Makhado will be based on full-scale production of five-million tons a year, or a similar phased approach as taken at Vele.
CoAL has prepared the documentation for the Makhado project mining right application, which was planned for submission to the government, once Section 11 approval had been obtained for the farm swap with diversified giant Rio Tinto. This was expected during the second half of 2009.
Source:Mining Weekly
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Tuesday, 08 September 09
SOUTH AFRICAN COAL EXPORTS MAY RISE ON SALES TO INDIA
Bloomberg reported that, South African coal exports may rise to 100 million metric tons a year by 2020 and India may become the biggest destination ...
Monday, 07 September 09
VALE SPENT $300 MILLION AT MOZAMBIQUE COAL MINE
Bloomberg rported that, Vale SA, the world’s biggest iron- ore producer, has so far spent about $300 million of the $1.3 billion investment in ...
Monday, 07 September 09
INDIA MAY BOOST COAL IMPORTS FROM INDONESIA - PLAN JVS
WSJ reported taht, India agreed to study setting up joint ventures with Indonesian companies to acquire coal assets, and look at other means of impo ...
Monday, 07 September 09
INDIAN COAL MAY NOT POWER NEW UMPPS
The Economic Times reported that, bidders for new ultra mega power projects (UMPP) may not get assured coal supplies from domestic mines. As per the ...
Saturday, 05 September 09
THE ECI / CHINA (S7) ROUTE SOFTENED BY ALMOST 12% AND THE CHARTER HIRE WAS AT US$ 16,346 PER DAY - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI almost same as last week at 2,415 points.The Panamax index went up b ...
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- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
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- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
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- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
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- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
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