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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, 14 August 09
GUACOLDA STARTS THIRD COAL-FIRED UNIT
Macorship reported that, Chile’s Empresa Electrica Guacolda said that the third unit at its Guacolda coal-fired power plant began supplying po ...
Thursday, 13 August 09
RIO PREPARES COAL IPO AFTER FAILING TO FIND BUYER
Bloomberg reported that, Rio Tinto Group, the world’s third- largest mining company, is preparing an initial public offering for its U.S. ...
Thursday, 13 August 09
NOBLE'S PROFIT DOUBLES ON GLOUCESTER COAL ACQUISITION
Bloomberg reported that, Noble Group Ltd., a Hong Kong-based supplier of raw materials from soybeans to coal, said second- quarter profit more than ...
Thursday, 13 August 09
CHINA COAL-PRICES UNCHANGED, BUT LIKELY TO MOVE HIGHER
Alibaba reported that, Spot coal prices in China's top coal port Qinhuangdao were unchanged from a week earlier, but are still looking bullish in t ...
Thursday, 13 August 09
INDONESIA'S BERAU COAL SEES 2010 OUTPUT UP 16 PCT
Reuters reported that, Indonesia's fifth-largest coal miner, PT Berau Coal, expects 2010 production to be nearly 16 percent higher than this year, ...
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- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- The University of Queensland
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
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