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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
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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 ...
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- White Energy Company Limited
- Essar Steel Hazira Ltd - India
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- Directorate General of MIneral and Coal - Indonesia
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- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
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- Chamber of Mines of South Africa
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- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
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- SN Aboitiz Power Inc, Philippines
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- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
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- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- The University of Queensland
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- SMG Consultants - Indonesia
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- Coal and Oil Company - UAE
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- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- Planning Commission, India
- MS Steel International - UAE
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- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
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- Indian Energy Exchange, India
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- Xindia Steels Limited - India
- Bangladesh Power Developement Board
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- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Australian Coal Association
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
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- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
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- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Economic Council, Georgia
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- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Energy Development Corp, Philippines
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- Meenaskhi Energy Private Limited - India
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- Interocean Group of Companies - India
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- Ministry of Transport, Egypt
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- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Parliament of New Zealand
- Thai Mozambique Logistica
- Central Electricity Authority - India
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