We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 17 December 09
RBCT PROBLEMS TO CAUSE STEAM COAL PRICE SPIKE IN Q1
 Bugs in the new computer system at South Africa's Richards Bay Coal Terminal and persistent rail problems will make it impossible for exporters to meet demand from India and China in Q1 and will push prices up, sources say.
Producer and transport sources said logistical bottlenecks have caused coal stockpiles to swell at the mines and terminal stocks are so low that exporters are having to buy from each other to fill waiting ships.
"Vessel loadings are being delayed and some companies are having to buy in to fill vessels because they can't move their own coal quickly enough," one industry source said, singling out problems with the computer system.
"This is costing billions of rand in demurrage," he added.
RBCT Chief Executive Raymond Chirwa declined to comment on the talk of computer problems.
"The terminal is not the issue at the moment," he said. "The terminal is at 76 million tonnes (a year) now and other logistical facilities are not even close to that," he said.
STOCKPILES
BHP Billiton has over 1 million tonnes of coal at its mines and other miners have similar quantities, industry sources said.
The computer system problems will take months to fix and there are few signs that rail operator Transnet will improve its efficiency in the very near term, they said.
"Our view is that the (export coal) channel has not been optimised to achieve its full capacity," Transnet Freight Rail spokesman John Dludlu said.
Prompt South African coal prices have risen over 16 percent during the past six weeks to $72.00 a tonne FOB Richards Bay on strong Asian demand and limited supply.
A scramble for coal by Asian buyers could quickly add $5-$10 a tonne to current prices, producers and traders said.
Richards Bay has the capacity to export 76 million tonnes but will ship only 60 million in 2009 due to rail problems.
India has taken over 30 percent of South Africa's coal exports and is hungry for more to feed its burgeoning power need.
There are already enquiries from India and China for far more coal than is available for Q1, making a scramble among buyers and a hike in prices inevitable, producers said
"Stocks are extremely low, below 2.4 million tonnes and likely to fall much further in the next two weeks," one coal industry source said.
As part of its Phase V expansion to raise export capacity to 91 million tonnes a year, RBCT installed new equipment to move coal and a new computer system, the Terminal Control System.
The TCS plans the most efficient route for coal from stockpile to waiting vessel. Bugs caused delays of several days to shiploading and made it impossible to use new equipment.
RBCT has reverted to its original computer system while it fixes the TCS bugs.
"Until they get the TCS sorted out there cannot be any Phase V, it's just not possible," the transport source said.
On Monday RBCT announced it was delaying the start of its Phase V expansion to Q1 2010 - a year later than originally planned.
Source: Reuters
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 18 December 09
COKING COAL SHORTAGE IN CHINA TO SPUR DEMAND FIGHT WITH JAPAN
China, the world’s largest steelmaker, faces a shortage of coking coal that may drive imports next year and spur a fight for resources with Ja ...
Thursday, 17 December 09
THE 6TH CLEAN ENERGY FORUM - CLEAN COAL 2010
COALspot.com (China) - Press Release: The 6th Clean Energy Forum--Clean Coal 2010 January 27-29, 2010 Renaissance Tianjin Teda Hotel And Conven ...
Thursday, 17 December 09
JFE STEEL INVESTS $555 MILLION IN AUSTRALIA COAL MINE
JFE Steel Corp., Japan’s second- largest producer, will invest 50 billion yen ($555 million) in a coal mine in Queensland, Australia, includin ...
Thursday, 17 December 09
CHINA, INDIA DEMAND MAY BOOST THERMAL COAL PRICE, JPMORGAN SAYS
Demand for thermal coal from China and India may boost prices of the fuel to $80 a metric ton next year amid reduced supplies and lower inventories, ...
Thursday, 17 December 09
CIL TO IMPORT 4 MILLION TONNES COAL FOR NTPC
The country's largest coal miner Coal India Ltd (CIL) will import 4 million tonnes of coal for state-run power company NTPC.
"Earlier, ther ...
|
|
|
Showing 6161 to 6165 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Economic Council, Georgia
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
|
| |
| |
|
