We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 03 December 09
PROLONGED COAL MARGIN SQUEEZE AHEAD - WESCOAL
Mining Weekly reported that, Coal junior Wescoal foresees a continued margin squeeze ahead. The JSE AltX-listed company's gross margin was reduced to 8,7% in the six months to September 30, from 11,3% in the previous period, and was expected to remain under pressure for another 12 months "at least".
"In these times, cost saving is crucial," Wescoal CEO Andre Bojé said on Wednesday, when he announced that there would be no interim dividend.
He anticipated no improvement in the poor current trading conditions until the second half of 2010.
Wescoal would, Bojé said, focus on trading with smaller customers, enter new markets, and intensify mining in order to limit reliance on any one of its coal trading, coal washing or coal-mining divisions.
"We'll move rapidly to being a primary producer of coal, with a strong trading arm, and reduced vulnerability to a single revenue stream," he said.
He ascribed volume decline to reduced manufacturing activity and increased competition from traditional exporters choosing to divert product into the domestic market.
Wescoal's revenue fell 27% to R217-million – compared to R299-million in the previous corresponding – and profit fell to R7-million from R13-million. Net asset value, the company said, was well above the 74c share price at 114,76c a share.
Wescoal's trading segment contributed 88% to overall revenue, amounting to R191-million; and the washing and mining segments the remaining 12%, amounting to R26-million.
Bojé said that management was "extremely excited" about the contribution the jig plant was making at Blesboklaagte and by the acquisition of the Khanyisa mine, where a rail siding had been secured and an additional coal-washing plant was being considered.
The jig plant was commissioned at Blesboklaagte to process discard that was previously waste, the benefits of which will flow through during the balance of the financial year.
Source: Mining Weekly
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Sunday, 06 December 09
NEW MANGALORE PORT GETS UPCL'S FIRST COAL PARCEL FROM INDONESIA
The Lanco Group-promoted Udupi Power Corporation Ltd (UPCL) has received the first parcel of imported coal from Indonesia at the New Mangalore Port. ...
Friday, 04 December 09
CHINA'S COAL IMPORTS PREDICTED TO DECLINE IN 2010
China's eye-catching coal import figure s are unlikely to extend into 2010 given the predicted narrow-down of the coal price spread between the hom ...
Friday, 04 December 09
SUBHASH PROJECTS BEGINS MINING AT INDONESIAN COAL BLOCK
Kolkata-based infrastructure company Subhash Projects and Marketing (SPML) has begun mining at its coal block in Indonesia and will begin despatchin ...
Friday, 04 December 09
DRY BULK MARKET IS ON THE RISE AGAIN
Proving rather resilient, compared to previous behaviors, the dry bulk market has been on a rebound mode once again, after a two-week fall, which su ...
Friday, 04 December 09
INDONESIA'S BUMI EYES MARKETING DEAL FOR BERAU COAL
Reuters reported that, Indonesian coal miner PT Bumi Resources Tbk said on Thursday it is in talks to be the exclusive marketing agent for coal prod ...
|
|
|
Showing 6201 to 6205 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
|
| |
| |
|
