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Wednesday, 06 January 10
INDIA MAY HAVE BECOME TOP BUYER OF SOUTH AFRICAN COAL
 India may have overtaken Europe for the first time as the biggest purchaser of South African coal in 2009, according to Raymond Chirwa, Richards Bay Coal Terminal’s chief executive officer.
Shipment levels to India and Europe in the year’s first 10 months were similar, while the final two months are being calculated, Chirwa said in a phone interview today. “It would be a big shift” if India were the largest buyer, he said.
Richards Bay, on South Africa’s northeastern coast, handles almost all of the nation’s outbound coal shipments and is owned by Anglo American Plc and its other leading exporters of the fuel. While the port is the biggest source of coal for European power plants, Asian buyers have been increasing purchases, including lower-quality fuel.
“You have strong growth in India and weakness, if not contraction, in terms of growth in Europe,” Daniel Brebner, an analyst at Deutsche Bank AG in London, said in an interview. “It isn’t surprising that you are seeing this evolution of exports by the South Africans into near Asia.”
Indian Imports
India’s power ministry has advised local generators to import 28.7 million metric tons of coal for the year ending in March to meet a shortfall, Coal Minister Sriprakash Jaiswal told parliament in writing on Dec. 7. Coal India Ltd., the country’s biggest producer, may acquire mines in the U.S., Australia and other nations to bridge the domestic shortage, Jaiswal said in a written reply to lawmakers on Nov. 23.
Overall exports from Richards Bay fell for a fifth straight year in 2009 as rail services deteriorated, sliding to 61.14 million tons from 61.7 million tons in the prior year. Chirwa gave no breakdown for coal shipments by destination.
State-owned Transnet Freight Rail delivered 61 million tons in the year, less than the terminal’s 76 million-ton capacity, Richards Bay said in an e-mailed statement.
“We still see that there is the biggest impact coming through from rail services,” Chirwa said, adding that talks are under way with Transnet Freight Rail.
Spokesman John Dludlu at Transnet Ltd., the parent company of Transnet Freight Rail, declined to comment.
91 Million Tons
The terminal, founded as a 12 million-ton facility in 1976, aims to raise annual capacity to 91 million tons in the second quarter, making it the world’s biggest coal-export port, according to the statement.
Exxaro Resources Ltd. and other black-owned mining companies are expected to join Anglo and other users of the facility this month as part of an accord related to expansion at the terminal, Richards Bay said.
Prices for coal shipped from the terminal reached the highest in almost a year in the three days to Dec. 31, rising 4.8 percent to an average of $81.20 a ton, according to Petersfield, England-based researcher McCloskey Group Ltd. It was a seventh consecutive weekly gain, driven by coal demand from China, the world’s biggest consumer of the fuel.
“It’s a knock-on effect,” Mike Newman, an analyst at McCloskey, said by phone yesterday. “Chinese prices rise, which makes Australian coal more expensive, and Australian prices are dragging up Richards Bay prices because they are going into the same market, which is India and China.”
China’s northern Shanxi province closed power stations with more than 4,000 megawatts of capacity yesterday because weather- related disruptions cut coal deliveries, the official China National Radio reported today. The country’s coal imports rose in June to the highest for customs figures on Bloomberg going back to December 2004.
Source:Business Week
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Saturday, 02 January 10
INDONESIAS COAL OUTPUT RISES BY 5%
Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the gov ...
Saturday, 02 January 10
TAIPOWER FORECASTS COAL DEMAND TO SNAP DECLINE
Taiwan Power Co., Asia's biggest importer of thermal coal, expects its demand for the fuel to rise in 2010 after falling for two years as the islan ...
Friday, 01 January 10
COAL INDIA TO START IMPORTING DIRECTLY
According to sources, the coal major has already finalised tender document to import four million tonnes thermal grade coal for supplies to NTPC. Th ...
Thursday, 31 December 09
INDONESIA SEES 2010 MINING INVESTMENT UP 39 PCT
Reuters reported that, Indonesian mining investment is expected to hit $2.5 billion next year, up from $1.81 billion in 2009, supported by greater c ...
Thursday, 31 December 09
YANDICOOGINA BECOMES FIRST MINE IN AUSTRALIA TO PRODUCE 50 MILLION TONNES A YEAR
COALspot.com Press Release: Rio Tinto's Yandicoogina, Australia's largest-producing iron ore mine, has broken the 50 million tonne mark for annual ...
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- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- The University of Queensland
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Australian Coal Association
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
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