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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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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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- Altura Mining Limited, Indonesia
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- Therma Luzon, Inc, Philippines
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- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
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- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
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- Chamber of Mines of South Africa
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- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- Parliament of New Zealand
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- Romanian Commodities Exchange
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- Australian Coal Association
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- Electricity Authority, New Zealand
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- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
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- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
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- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
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- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
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- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- Minerals Council of Australia
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- Economic Council, Georgia
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- White Energy Company Limited
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- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
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- Tata Chemicals Ltd - India
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- Maharashtra Electricity Regulatory Commission - India
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- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
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- Planning Commission, India
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- Africa Commodities Group - South Africa
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- Thiess Contractors Indonesia
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