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Tuesday, 13 October 09
STRAITS ASIA UPBEAT ON MEETING 2009 COAL OUTPUT


Reuters reported that, Singapore-listed coal miner Straits Asia is still optimistic about meeting its coal output target of 9 million tonnes this year despite the collapse of a new loading facility at its mine in Indonesia, a company official told Reuters on Tuesday.

The firm said last week that a new coal loading facility at its Jembayan mine in Indonesia's East Kalimantan province has collapsed due to heavy rains.

Straits Asia was looking at some options to boost output after the collapse, including upgrading capacity at its existing loading facility to between 6.5-7 million tonnes from 5.5 million tonnes annually, Graeme Tivey, Straits Asia's chief financial officer said.

The firm was also looking at the possibility of loading some of the coal via neighbouring miners, as well as buying the fuel from other sources to meet demand from customers, Tivey said.

"All of those things together, can get us out of the problem while we rebuild the loading facility," Tivey told Reuters in an interview on the sidelines of the Coaltrans 3rd Coal Mining Operations and Economics in Jakarta.
Source:Reuters



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Tuesday, 17 November 09
JSW STEEL MAY SPEND $500 MILLION TO ACQUIRE COAL MINES OVERSEAS
JSW Steel Ltd., India’s third- biggest producer, may spend $500 million buying coal mines overseas, securing supplies for its local expansion. ...


Monday, 16 November 09
141 VESSELS ARE EXPECTED TO LOAD 8.833 MILLION TONS OF INDONESIAN COAL BEFORE 30 NOVEMBER 2009
COALspot.com (Indonesia): 141 vessels are expected to load or sail with 8.833 million tons of Indonesian coal before 30 November 2009. A source f ...


Sunday, 15 November 09
NALCO SHELVES SA PROJECT- PUTS IRAN PROJECT ON HOLD
The Economic Times reported that, In a twin decision on its global operations involving about Rs 27,000-crore (US$ 5.847billions) investment, the st ...


Saturday, 14 November 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AT US$ 19,000 / 20,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR SINGAPORE
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Saturday, 14 November 09
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