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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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Friday, 28 August 09
COAL MINE BUYERS DUST OFF THEIR CASH ( ANALYZED BY REUTERS)
* Coal asset buyers give up waiting for bargains
* Mining majors expected to buy not sell
* South Africa a target, Indonesia less so
By Jackie ...
Friday, 28 August 09
JSW MAY BUY AFRICAN MINE FOR US$ 350
The Economic Times Reported that, The Sajjan Jindal-owned JSW Group is in advanced talks to acquire a coal mine in Swaziland, Africa, at an estimate ...
Friday, 28 August 09
COAL INDIA ALLOWED TO IMPORT COKING COAL
The government Thursday allowed the state-owned Coal India to import coking coal and high grade ash thermal coal by acquiring coal properties abroad ...
Thursday, 27 August 09
CIL TO SPEND US$ 1 - 1.5 BN TO ACQUIRE ASSETS IN 4 COUNTRIES
Business Standard reported that, "Coal India is looking to spend $1-1.5 billion in acquiring mining assets in Australia, Indonesia, South Afric ...
Wednesday, 26 August 09
INDIA'S JSW TO DOUBLE JAIGARH PORT CAPACITY TO 20 MT
Sea Trade Asia reported that, JSW Jaigarh Port, a wholly owned subsidiary of JSW Infrastructure & Logistics, plans to double cargo handling capa ...
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- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Planning Commission, India
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- The University of Queensland
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
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