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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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Wednesday, 23 September 09
TATA POWER TO COMMISSION 2 UNITS OF MUNDRA UMPP BY FEB 2012
Business Standard reported that, the country's largest private power producer Tata Power today said it would commission 1,600 MW capacity of its 4, ...
Wednesday, 23 September 09
NAVA BHARAT TO ADD 300MW CAPACITY, RAISE RS1,386 CRORE (US$ 289,674,610)
The firm plans to place orders for equipment by the end of October and commission both the plants by April 2012 to sell power in the open market
...
Tuesday, 22 September 09
ASIA COAL-PRICES TOPS $70 AS TRADERS SEEK BARGAINS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, rose for the second week to top $70 a tonne this week, clawi ...
Tuesday, 22 September 09
QINHUANGDAO COAL PRICES SURGE ON STRONG DEMAND
People's Daily Online reported that, Coal prices at Qinhuangdao port, China's largest coal port, witnessed the sharpest increase in the year last ...
Tuesday, 22 September 09
SHORT PERIOD RATE FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI just dropping by about 5 pct to 2,356 points last week. The change ...
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- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Therma Luzon, Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
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