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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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Tuesday, 25 April 17
SHIPPING MARKET - ALLIED
Over the weekend we witnessed a second win over the rising populism that has become present in global politics since last summer, Allied shipping s ...
Monday, 24 April 17
THE FREIGHT MARKET WAS DOWN WEEK OVER WEEK EXCEPT FOR HANDYSIZE SEGMENT
COALspot.com: The Freight market was fell, week over a week as all segments show a negative downward trend except Handy Size segment this past week ...
Friday, 21 April 17
US WEEKLY COAL OUTPUT ON THE UP, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.9 million short ton ...
Thursday, 20 April 17
SHIPPING POOLS: DON'T JUST DIVE IN - MOORE STEPHENS
Shipping pools can be an attractive option for ship owners and operators, particularly in difficult markets and during periods of economic uncertai ...
Thursday, 20 April 17
THE DRY BULK MARKET IS STILL ON ITS UPWARD MOMENTUM - ALLIED SHIPPING
Having gone through the first quarter of the year and with the Easter break having no come and gone, it seems as though the dry bulk market is stil ...
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- Trasteel International SA, Italy
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- White Energy Company Limited
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- The University of Queensland
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
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