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Tuesday, 13 October 09
RIVERSDALE MAY USE ZAMBEZI RIVER TO TRANSPORT MOZAMBIQUE COAL
 Mining Weekly reported that, ASX-listed coal-miner Riversdale Mining would submit a feasibility study and an environmental-impact study (EIS) for its proposed plan to transport coal by barge along the Zambezi river, in Mozambique, to that country’s government during the second half of next year.
The company on Monday said that it had completed a series of studies on the Zambezi river to confirm the viability of large-scale barging of coal to an offshore floating transloading vessel, adding that it had found no physical impediments to coal barging on the river.
However, it highlighted that some dredging might be required on some sections of the river.
The implementation of large-scale barging would be dependent on the completion and approval of an EIS and an environmental management plan, the licensing of barging and transloading operations over 560 km between Tete and Chinde and stakeholder and community consultation in the Zambezi river valley.
An EIS had started in August, while stakeholder consultation with communities and government in Tete, Chimoio, Beira and Maputo had been held in September.
The coal-miner planned also to continue with further specialist studies during the current quarter, it said in a statement.
ZAMBEZE PROJECT
Meanwhile, the company also reported that it had completed the first coal resource estimates for its Zambeze project, near Tete, in Mozambique, which would be Riversdale’s second coal project in the Moatize basin.
The project, which is situated adjacent to the miner’s Benga coal project, had an estimated total coal resource of 1,7-billion tons.
“The considerable effort of our team in Mozambique has now delivered another potential tier-one project with similar coal to Benga, yet likely to be a significantly larger scale operation. A second coking coal project of this size positions Riversdale Mining as a preferred supplier to the steel industry in the rapidly developing markets of Brazil and India,” executive chairperson Michael O’Keeffe commented.
The Benga project, which was a joint venture between Riversdale and India’s Tata Steel, was expected to produce about 1,7-million tons a year of hard coking coal and 0,3-million tons a year of export thermal coal when stage-one mine production starts in early 2011.
Riversdale noted that the tenement for the Zambeze project was close to all major required infrastructure, including: power, water, roads, rail, an international airport and direct access to the Zambezi river.
The project could potentially produce export hard coking coal as well as a secondary thermal coal product suitable for the Indian and African markets.
An extensive drilling programme and coal quality and market studies would now be undertaken to determine the feasibility of a large-scale openpit development.
Source: Mining Weekly
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Monday, 12 October 09
INDONESIA TO CUT ROYALTIES TO BOOST LOW QUALITY COAL
Reuters reported that, Indonesia, the world's biggest exporter of thermal coal, plans to cut royalties paid by producers holding certain contracts ...
Monday, 12 October 09
SAMPUR COAL POWER PLANT AGREEMENT
Sunday Observer reported that, The construction work of the Sri Lanka-India joint venture coal power plant which costs US dollars 500 million will c ...
Saturday, 10 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - CAPT. REDDY
COALspot.com (Singapore): The BDI again firmed up this week by almost 14 pct to 2,695 points. The cape size index moved up quite sharply by 25 pct t ...
Saturday, 10 October 09
COAL PRICES TIPPED TO SURGE BY 40% AS GLOBAL DEMAND RECOVERS NEXT YEAR
Power-station coal prices may climb by more than 40 percent in 2010 from current levels as a global economic recovery boosts demand from power plant ...
Saturday, 10 October 09
PT BUMI RESOURCES TO EXPECT 2010 ELECTRIC AND COAL PRICE UP TO US$ 100/T
Indonesia coal producer, PT Bumi Resources recently stated that the revival of the global economy pushes up the demand from power plants and steel m ...
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- Orica Australia Pty. Ltd.
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- Minerals Council of Australia
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- Coal and Oil Company - UAE
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- Bukit Makmur.PT - Indonesia
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- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
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- Gujarat Sidhee Cement - India
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- Videocon Industries ltd - India
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- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Planning Commission, India
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
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- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- The University of Queensland
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- Gujarat Electricity Regulatory Commission - India
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- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Parliament of New Zealand
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- SMG Consultants - Indonesia
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- Independent Power Producers Association of India
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- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
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- Latin American Coal - Colombia
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- Holcim Trading Pte Ltd - Singapore
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- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
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