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Thursday, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Monday it expects to start production at its Vele coking coal project in South Africa by April next year if the government grants it a license as expected this quarter.
The company had earlier predicted for the license to be granted within the third quarter.
Vele will initially produce up to 1 million tonnes of coal per year, to be ramped up to 5 million tonnes, and supply steel maker ArcelorMittal SA and exports.
"The Company expects the granting of a New Order Mining Right for its Vele coking coal project before the end of 2009 and production is expected to follow within four months of receiving the required legislative approval," Managing Director Simon Farrell said in a statement.
CoAL said it has railed and sold first coal from its Mooiplaats thermal coal project also in South Africa, with production in September reaching 30,000 tonnes of run of mine.
The miner has said it expects Mooiplaats to reach an annual run of mine production of 1.7 million tonnes by 2010, ramping up to 3.2 million tonnes by 2014.
Coal from Mooiplaats is expected to be railed to the Matola Terminal in Maputo, Mozambique, from where shipping is expected to commence by the end of this year.
CoAL said it had signed an off-take agreement with Traxys, a global mineral marketing company, for 35 percent of the export quality thermal coal from Mooiplaats.
The company said it has agreed the terms for a further 35-percent offtake with another global trader, with an agreement seen by end of 2009. CoAL is in talks with logistics group Transnet to increase its rail allocation on the lines to the Matola terminal via a public-private partnership (PPP) deal.
The company's export allocation at the port stands at 1 million tonnes per annum, to be expanded to 3 million tonnes by late 2010 and with the potential to reach 13 million tonnes following an expansion of the export terminal.
"I am optimistic that the railways PPP initiative will ensure that the Company will be able to deliver significant tonnage of coal to the international and domestic markets," Farrell said.
Shares in CoAL were trading up 0.28 percent at 14.50 rand by 0744 GMT, roughly in line with the JSE Top-40 blue-chip index
Source:Reuters
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Wednesday, 14 October 09
SA'S COAL OUTPUT LIKELY TO RISE BY 2011, BOOSTED BY WATERBERG MINES
Mining weekly reported that, South Africa's coal production will struggle to meet demand over the next few years, but coal production could likely ...
Tuesday, 13 October 09
INDONESIA'S BAYAN SEES 2010 COAL OUTPUT UP 42 PCT
Reuters reported that, Indonesian coal miner PT Bayan Resources Tbk (BYAN.JK) said on Tuesday it expects its coal output to increase by 42 percent i ...
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 ye ...
Tuesday, 13 October 09
THERMAL COAL DEMAND IN CHINA DRIVES PRICE INCREASES
Metal Miner reported that, Thermal coal prices have been falling this year; contrary to many other commodities, both metals and energy that hit bott ...
Tuesday, 13 October 09
JSW ENERGY SCOUTING FOR PARTNERS, ACQUISITIONS
Business-Standard reported that, JSW Energy is planning to become an integrated power company by bringing in a partner for its transmission business ...
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- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
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- Simpson Spence & Young - Indonesia
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- Tata Chemicals Ltd - India
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
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- Tamil Nadu electricity Board
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- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
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- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
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- Petrochimia International Co. Ltd.- Taiwan
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
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- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Planning Commission, India
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
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