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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, 07 October 09
COAL INDIA, SHIPPING CORP MAY FORM VENTURE TO IMPORT COAL
The venture may be on the lines of the firm that CIL plans with SAIL for coal imports in which both to hold 25%
Live Mint reported that, State-ru ...
Tuesday, 06 October 09
ASIA COAL-PRICE REBOUND TOWARDS $71 ON TENDER ACTIVITY
Reuters reported that, Prices of power-station coal in Australia, a benchmark for Asia, rose 4 percent in the latest week to near $71 a tonne, bolst ...
Tuesday, 06 October 09
BHARATHI CEMENT TO ADD 2.5 MT CAPACITY BY 2010
Business-Standard reported that, Bharathi Cement Corporation (BCC) commenced its commercial operations from its Nallalingayapalli manufacturing plan ...
Tuesday, 06 October 09
MOZAMBIQUE TO BUILD COAL RAILWAY
BBC reported that, Mozambique's government has announced that it has secured $500m (£313m) to build a new railway line. The transport ministe ...
Tuesday, 06 October 09
COAL INDIA AIMS TO BUY MINE ABROAD BY MARCH
*Coal India to issue its first coal import tender by Nov
*ArcelorMittal, 9 others in race to develop abandoned mines
*52 firms keen to partner coa ...
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- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Economic Council, Georgia
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Mjunction Services Limited - India
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