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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 for steam coal, said Xavier Prevost, a coal analyst at XMP Consulting.
“The Asian continent, especially India, is very eager to use more steam coal from South Africa,” Prevost said in a speech at the Coaltrans conference in Johannesburg today. India’s purchases are “increasing and may prove to be our new main trading partner for the future.”
South Africa’s Richards Bay Coal Terminal, Africa’s largest coal-export facility, shipped about 61.8 million tons last year, mainly to Europe. Anglo American Plc, BHP Billiton Ltd. and Xstrata Plc are the largest coal producers in the country.
“Wood MacKenzie expects coal demand in India to grow at a faster rate than any other country in the world,” Dirk Fourie, vice president for consulting in Africa at Wood MacKenzie, said at the conference, adding that South Africa and Indonesia are the largest coal suppliers to India.
Coal India Ltd., the state-owned monopoly producer, said on Aug. 27 it may spend as much as $1.5 billion to buy overseas mines. The country, the world’s most populous nation after China, faces a coal shortage by 2012, Coal India estimates.
While South Africa can supply India with better-quality coal than rival Indonesia, the African country’s coal industry has higher costs and faces logistics constraints, Fourie said. “Rail constraints could limit South Africa’s exports to less than 65 million tons this year,” he said.
‘Unpredictable’ Market
Securing long-term coal supply in a “highly unpredictable” international market has become more important than prices, Pradeep Lenka, chief executive officer of thermal coal at Mumbai-based Lanco Infratech Ltd., said at the conference. South Africa has the “right balance” between quality and logistics, he added.
India’s government is building power plants to match electricity demand estimated to rise to 950,000 megawatts by 2030. The country imports between 6 percent and 7 percent of its total coal demand, Lenka said.
South Africa has not successfully diversified its coal exports market to date, Argus Media Ltd. business development manager Jim Nicholson said at the conference. South Africa’s efforts to diversify coal export markets are “not really enough to replace the stagnation in Europe.”
South Africa may ship about 1 million tons coal or more to Taiwan this year, he said, adding the country’s share of the Taiwanese coal imports has fallen to “virtually zero” from about 40 percent in about 1990.
Source: Bloomberg
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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 ...
Saturday, 05 September 09
SHANXI AIMS TO MAINTAIN 2009 COAL OUTPUT AT LAST YEAR'S LEVEL
Interfax-China reported that, Shanxi Province, the country's second-largest coal producing region, is aiming to keep its annual coal output a ...
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- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
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- Orica Australia Pty. Ltd.
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
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- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
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- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
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- Australian Commodity Traders Exchange
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- Malabar Cements Ltd - India
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- Meenaskhi Energy Private Limited - India
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- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
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- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Formosa Plastics Group - Taiwan
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Independent Power Producers Association of India
- Planning Commission, India
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Deloitte Consulting - India
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- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
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- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
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- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
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- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- PTC India Limited - India
- The University of Queensland
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
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- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
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- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
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- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
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- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
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- Commonwealth Bank - Australia
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- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
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- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
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- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
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