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Friday, 25 September 09
FREIGHT RATE CUTS MAKING SOUTH AFRICAN COAL MORE COMPETITIVE IN ASIAN MARKETS
Mining Weekly reported that, Coaltrans South Africa MD Gerard Strahan highlighted the country’s sudden increase in coal exports to southern China and the accelerated push by Indian importers for more tonnage, during the Coaltrans conference, held in Johannesburg earlier this month.
He attributed the increase to China’s accelerated infra-structure build and the liberal-isation of the Indian coal sector, as well as the latter country’s struggles to fulfil its Ultra Mega Power projects programme.
Strahan pointed out that the domestic markets had also been promising, and increased their effectiveness and competitive position by reducing freight rates by about a quarter in the last month.
The reduced pricing was exerting pressure on Australian and Indonesian markets, significantly improving South Africa’s competitive position to supply eastern and northern Asian markets. “Clearly, the tradition whereby most South African coals were directed to Europe is set to change,” he said.
In addition, the country would see the arrival of 128 new Capesized vessels by the end of the year. This was the equivalent of an additional 14% of the existing fleet.
“Inevitably, this must lead to cheaper freight rates, consequently offering South African producers an economic advantage and wider market options going forward.”
However, Strahan said that the lingering question was whether South African coal producers were able to supply sufficient volumes of coal to fill logistic export capacities in addition to supplying State utility Eskom and other domes-tic industries.
Strahan said that it was expected that exports from the Richards Bay Coal Terminal (RBCT) would fall below 70-million tons this year. “This can be attributed partly to the
persistent rail transport prob-
lems, as well as the conse-quences of heavy rains, signal failures and generally lower production by South African coal producers.
“All of this, when RBCT capacity is set to increase by next month, on the phase five programme, to 91-million tons of capacity.”
However, Strahan noted that the RBCT’s exports in July rose by just over 30%, compared with exports for the corresponding period in 2008, with much of that heading for India.
“In fact, India now accounts for 20% to 30% of export volumes from South Africa. And, indeed, that is set to expand.”
Lastly, Strahan commented that it should not go unnoticed that other export terminals performed very well during the year, including the Maputo coal terminal and the Durban export facility.
Source: Mining Weekly
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Wednesday, 16 September 09
NAPOCOR GETS 3 OFFERS IN COAL TENDER
ABS-CBN news reported that, The Philippines' state-run National Power Corp. (Napocor) said on Wednesday it received offers from 3 Indonesian firms ...
Wednesday, 16 September 09
S.KOREA KOSEP BUYS 1.06 MLN T COAL-SOURCE
* 6,080 kcal/kg at $63-65, 4,900-5,350 kcal/kg at $56-58
* Initially about 5 mln T offered for tender
Reuters reported that, Korea South ...
Tuesday, 15 September 09
CHINA COAL EXPORT ROSE M-O-M FOR THE STRAIGHT 3 MONTHS
Alibaba reported that, In the January-August period, China coal exports slid by 55.9% to 14.83mln tons month on month. In August, China exported 1.9 ...
Monday, 14 September 09
CIL MAY REDUCE FLOOR PRICE OF E-AUCTION COAL
After receiving a lukewarm response to the forward e-auction started in two of its subsidiaries, Coal India Limited (CIL) is mulling to reduce the f ...
Monday, 14 September 09
INDONESIAN GOVT UPBEAT ABOUT $1.5B, 185-KM COAL RAILWAY PROJECT
In addition to a 30-year concession right, the government will also award a competitive pricing scheme as an incentive to lure investors in a US$1.5 ...
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- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- The University of Queensland
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Parliament of New Zealand
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Wilmar Investment Holdings
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Economic Council, Georgia
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
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