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Friday, 27 March 09
SOUTH AFRICAN COAL EXPORTS EXPECTED TO RISE IN 2009, BUT RAIL WILL DETERMINE BY HOW MUCH - MININGWEEKLY


South Africa has an expanding coal-export terminal, but an uncertain rail capacity.

The mismatch is something South Africa cannot afford, given its current-account deficit and the need to export optimally.

Last year, South Africa’s coal exports were way below port capacity, reflecting a lost export opportunity.

While coal exports are expected to rise this year, if an increase eventuates, rail will determine its extent.

South Africa burns its low-grade coal to generate electricity and exports its high-grade coal very lucratively.

South Africa’s State-owned electricity utility, Eskom, wants more coal to feed its growing power-station demand, and coal miners want the dripping-roast export prices to bolster their business plans.

The two markets go hand in hand and have resulted in South African coal com- panies being able to keep power costs down and revenue rising from coal exports. To read more click
Mining weekly



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Recent News

Wednesday, 03 June 09
KOSEP SEEKS UP TO 3 MLN TONNES OF COAL - REUTERS
Korea South-East Power Co Ltd (KOSEP) has issued four tenders seeking a total of 3 million tonnes of coal for delivery between 2009 to 2011, a tende ...


Wednesday, 03 June 09
POWER DEMAND TO BOOST INDIA COAL IMPORTS DURING MONSOON - STEELGURU
Reuters quoted Indian coal importers said that strong demand for power in India is likely to keep coal imports at the maximum level possible in the ...


Wednesday, 03 June 09
NAPOCOR EXTENDS COAL TENDER FOR SOLE BIDDER - ABS CBNNEWS
National Power Corp. (Napocor), the top Philippine electricity producer, has given the lone bidder at a tender for 195,000 tons of coal more time to ...


Wednesday, 03 June 09
NEWCASTLE COAL EXPORTS JUMP 20 PERCENT; SHIP QUEUE LENGTHENS - BLOOMBERG
Coal exports from Australia’s Newcastle, the world’s biggest export harbor for the fuel, jumped 20 percent last week while the number of ...


Wednesday, 03 June 09
IPL-2 OVER, INDIAN COAL LEAGUE BEGINS IN SOUTH AFRICA - ECONOMICTIME
Steel, cement and power companies, which have traditionally relied on cheap Indonesian coal to fuel their factories, are rushing to buy South Africa ...


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