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Tuesday, 25 August 09
PIKE RIVER DELAYS COAL EXPORTS FROM NEW ZEALAND MINE
 South African mining Weekly reported that, The first 60,000-t export shipment from ASX-listed Pike River Coal’s new mine has been delayed until the January-March quarter in 2010.
The miner initially planned to export its first coal from the Pike River mine, in New Zealand in mid-November.
Pike River Coal stated on Monday that production of premium hard coking coal from its new mine has been running at lower-than-expected rates, owing mainly to early geological complexity and machinery difficulties, resulting in slower roadway development driveage.
“The first 60,000-t export shipment, scheduled for mid-November 2009, will unfortunately be further delayed while the pit-bottom development roadways are extended to the area where first coal will be mined by hydro-monitors,” the company said in a statement.
The first hydro coal was expected in the April-June 2010 quarter.
“The Pike River mine has overcome many challenges to get into operation, and while the current delay is frustrating for investors, customers and staff, it is an issue that many new mines have to face and work through. Most of the hard work has been done and investor patience is set to be repaid, with Pike River producing low-ash coal at a time of rising global demand,” said Pike River Coal CEO Gordon Ward.
The underground coal handling facilities at Pike River have been commissioned and pit-bottom is continuing to be developed with a combination of coal and stone drives. The three new coal cutting machines have been largely repaired and modified, with the remaining outstanding modifications being replacement of tracks on the two continuous miners by the German manufacturer.
Both 60-t machines were currently operational, but repairs, including track work, has resulted in considerable production downtime, during the past month.
Other main factors limiting production over the past month, have included the unavailability of some underground coal and rock haulage machines, owing to breakdowns, a greater level of roof support being required owing to the proximity of the Hawera fault, and the need to familiarise new staff with machinery and mining practices.
Pike River Coal stated that the countermeasures taken by the company included more intensive maintenance, intensified operator training, and changes to underground work practices following internal and third-party review.
“The mine is working two shifts, 24 hours a day, seven days a week in order to meet our production targets, and all Pike River’s management and staff are focussed and committed to this outcome,” Ward noted.
Source:Minng Weekly
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Wednesday, 26 August 09
JSW ENERGY NEARS COAL-SUPPLY LINKAGE DEAL IN INDONESIA
Sajjan Jindal-owned JSW Energy is close to finalising a coal-supply linkage pact in Indonesia and is also exploring options of acquiring ...
Wednesday, 26 August 09
COAL INDIA MAY HIKE COAL PRICES BY UP TO RS 175 (ABOUT US$ 3.60) A TONNE
The Economic Times reported that, state-owned Coal India may hike coal prices by up to Rs 175 (~ US$ 3.60) a tonne to close the gap between domestic ...
Tuesday, 25 August 09
KOREA TO INTRODUCE COAL-MINING ROBOTS TO REDUCE THE RISK OF HUMAN LOSSES FROM CONVENTIONAL MINING
Far East Gizmos reported that, The state-run Korea Coal Corp. (KOCOAL) signed a memorandum of understanding (MOU) on Monday with three Korean engine ...
Tuesday, 25 August 09
INDIA'S GNFC EXTENDED ONLINE BIDDING FOR PURCHASE OF 260,000 T COAL TO 23RD SEPTEMBER 2009
COALspot.com (India): Gujarat Narmada Valley Fertilizers Co. Ltd. (GNFC) invites offers (e-Tender) for supply of 130,000 MT +/- 5% on firm basis and ...
Tuesday, 25 August 09
ANTAM CONSIDERS ACQUIRING BHP
The Jakarta Post reported that, State mining company PT Aneka Tambang (Antam) is contemplating acquiring BHP Billiton's coal concessions in Central ...
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- Electricity Authority, New Zealand
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- Power Finance Corporation Ltd., India
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- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Planning Commission, India
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
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- Mjunction Services Limited - India
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- London Commodity Brokers - England
- Wilmar Investment Holdings
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- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- Goldman Sachs - Singapore
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- Medco Energi Mining Internasional
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- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
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- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
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- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
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- Posco Energy - South Korea
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- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
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- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
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- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
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- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Australian Coal Association
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
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- Karbindo Abesyapradhi - Indoneisa
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- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
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- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
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- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
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- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
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- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Interocean Group of Companies - India
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- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
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- Minerals Council of Australia
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- OPG Power Generation Pvt Ltd - India
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- Kumho Petrochemical, South Korea
- The University of Queensland
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
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- Singapore Mercantile Exchange
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- Eastern Energy - Thailand
- Ministry of Mines - Canada
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- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Sical Logistics Limited - India
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- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
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