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Monday, 10 November 14
MOZAMBIQUE SIGNED CONTRACT WITH ETA STAR OF UAE FOR OPEN CAST COAL MINE IN TETE - AIM
- ETA Star to build slurry pipeline over the 600 kilometers to Beira in Mozambique to transport coal.
- The viability studies show the presence of 1.9 billion tonnes of coal in the concession area of ETA star in Mozambique
COALspot.com: Mozambique’s Minister of Mineral Resources, Esperanca Bias, on Thursday signed contracts for two more open cast coal mines in the western province of Tete, with the Eurasian Natural Resources Corporation (ENRC) of Kazakhstan, and ETA Star of the United Arab Emirates, as reported by AIM.
Minister of Mineral Resource said that the signing of these two important contracts demonstrates investor confidence in the economic and business potential of Mozambique.
According to AIM, Mozambique News Agency, the contract with ETA Star is for a mine in Moatize district covering 4,000 hectares, 40 kilometres from Tete city.
The viability studies show the presence of 1.9 billion tonnes of coal in the concession area. In the initial stage of mining the company intends to produce four million tonnes of high quality thermal coal a year, but at a later stage this could be increased to 10 million tonnes or more a year, according to the director of ETA Star-Mozambique, Mubarak Hussein, as reported by club of Mozambique.
Hussein said the headache of moving the coal to port could be solved by building a slurry pipeline, in which the coal would be mixed with water and pumped over the 600 kilometers to Beira. He claimed this would be an environmentally-friendly solution to the logistics problem. No decision on this has yet been taken and the matter is under discussion with the government, as reported by AIM.
ETA star is also planning to establish a consortium to build slurry pipe line.
ETA-Star is investing 250 million dollars in the mine, and production is expected to start by the end of 2015. There will be 560 jobs at the mine, and Hussein guaranteed that 90 per cent of them would be for Mozambicans.
According to media, he, Hussein, admitted that the major challenge facing the company “is the international price for coal, which is currently very low. But we don’t expect it to remain low for long. We see this as a long term investment”.
The government of Mozambique also signed an agreement with ENRC.
Source: AIM and other Medias
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Tuesday, 04 November 14
FOB NEWCASTLE COAL SWAPS GAINED WEEK OVER WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q4’ 2014 delivery decreased US$ 1.09 (-1.99%) month over month and increased US$ 0.31 (+0.58% ...
Monday, 03 November 14
ADARO PRODUCED 41.90MT OF COAL FOR FIRST 9 MONTHS OF 2014
COALspot.com: Adaro’s coal production in the third quarter reached 14.03 Mt, a 2% increase compared to the same period of last year. Accordin ...
Monday, 03 November 14
CFR SOUTH CHINA COAL SWAP FOR Q4' 2014 DELIVERY LOST 2.80% MONTH OVER MONTH
COALspot.com: API 8 CFR South China Coal swap for Q4’ 2014 delivery has decreased US$ 1.86 (-2.80%) month over month and increased US$ 0.37 ( ...
Monday, 03 November 14
INDONESIAN'S COAL EXPORTS JUMP IN SEPTEMBER
COALspot.com: Indonesia, one of the world's largest coal producers and the global leading multi grade coal exporter shipped around $1.50 ...
Sunday, 02 November 14
CAPE INDEX WAS UP 46.65% WEEK ON WEEK
COALspot.com: The BDI and Cape index continued the strong upward trend this week. The BDI was up 19.80 pct and Cape index was up by 46.65 per ...
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- Renaissance Capital - South Africa
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- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
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- Sakthi Sugars Limited - India
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- Binh Thuan Hamico - Vietnam
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- Bangladesh Power Developement Board
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- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
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- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- The University of Queensland
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- Tamil Nadu electricity Board
- Interocean Group of Companies - India
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- The Treasury - Australian Government
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- Power Finance Corporation Ltd., India
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- Trasteel International SA, Italy
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- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
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- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
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- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
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- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
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- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
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- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- MS Steel International - UAE
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
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- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- PTC India Limited - India
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
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- GMR Energy Limited - India
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
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- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
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- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
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