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Friday, 25 September 09
FREIGHT RATE CUTS MAKING SOUTH AFRICAN COAL MORE COMPETITIVE IN ASIAN MARKETS
Mining Weekly reported that, Coaltrans South Africa MD Gerard Strahan highlighted the country’s sudden increase in coal exports to southern China and the accelerated push by Indian importers for more tonnage, during the Coaltrans conference, held in Johannesburg earlier this month.
He attributed the increase to China’s accelerated infra-structure build and the liberal-isation of the Indian coal sector, as well as the latter country’s struggles to fulfil its Ultra Mega Power projects programme.
Strahan pointed out that the domestic markets had also been promising, and increased their effectiveness and competitive position by reducing freight rates by about a quarter in the last month.
The reduced pricing was exerting pressure on Australian and Indonesian markets, significantly improving South Africa’s competitive position to supply eastern and northern Asian markets. “Clearly, the tradition whereby most South African coals were directed to Europe is set to change,” he said.
In addition, the country would see the arrival of 128 new Capesized vessels by the end of the year. This was the equivalent of an additional 14% of the existing fleet.
“Inevitably, this must lead to cheaper freight rates, consequently offering South African producers an economic advantage and wider market options going forward.”
However, Strahan said that the lingering question was whether South African coal producers were able to supply sufficient volumes of coal to fill logistic export capacities in addition to supplying State utility Eskom and other domes-tic industries.
Strahan said that it was expected that exports from the Richards Bay Coal Terminal (RBCT) would fall below 70-million tons this year. “This can be attributed partly to the
persistent rail transport prob-
lems, as well as the conse-quences of heavy rains, signal failures and generally lower production by South African coal producers.
“All of this, when RBCT capacity is set to increase by next month, on the phase five programme, to 91-million tons of capacity.”
However, Strahan noted that the RBCT’s exports in July rose by just over 30%, compared with exports for the corresponding period in 2008, with much of that heading for India.
“In fact, India now accounts for 20% to 30% of export volumes from South Africa. And, indeed, that is set to expand.”
Lastly, Strahan commented that it should not go unnoticed that other export terminals performed very well during the year, including the Maputo coal terminal and the Durban export facility.
Source: Mining Weekly
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Sunday, 04 October 09
GRASIM TO CONSOLIDATE CEMENT BIZ
The Statesman reported that, India's largest cement producer Aditya Birla group today said it would consolidate its cement businesses by merging Gr ...
Sunday, 04 October 09
GOVT THREATENS TO CANCEL COAL BLOCK ALLOTTED TO BINANI CEMENT
Economic Times reported that, The government has threatened to cancel a coal block allocated for captive use to Binani Cement saying the company see ...
Saturday, 03 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The BDI firmed up this week by almost 8 pct to 2,357 points , the main reason being jump in Cape size index by almost 22 p ...
Friday, 02 October 09
C&O SEES INDONESIA COAL PURCHASES UP 20 PCT IN 2010
Reuters reported that, Dubai-based coal trader Coal & Oil (C&0) expects its coal purchases from Indonesia to increase by at least 20 percent ...
Thursday, 01 October 09
MJUNCTION LAUNCHES INDIA'S FIRST COAL SPOT PRICE INDEX
• Named 'MJcomposite, MJsteel, MJcement, MJpower' the value weighted index will benefit Indian coal buyers by minimising risk against pr ...
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- Larsen & Toubro Limited - India
- PTC India Limited - India
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Planning Commission, India
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
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