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Thursday, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
 * First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Monday it expects to start production at its Vele coking coal project in South Africa by April next year if the government grants it a license as expected this quarter.
The company had earlier predicted for the license to be granted within the third quarter.
Vele will initially produce up to 1 million tonnes of coal per year, to be ramped up to 5 million tonnes, and supply steel maker ArcelorMittal SA and exports.
"The Company expects the granting of a New Order Mining Right for its Vele coking coal project before the end of 2009 and production is expected to follow within four months of receiving the required legislative approval," Managing Director Simon Farrell said in a statement.
CoAL said it has railed and sold first coal from its Mooiplaats thermal coal project also in South Africa, with production in September reaching 30,000 tonnes of run of mine.
The miner has said it expects Mooiplaats to reach an annual run of mine production of 1.7 million tonnes by 2010, ramping up to 3.2 million tonnes by 2014.
Coal from Mooiplaats is expected to be railed to the Matola Terminal in Maputo, Mozambique, from where shipping is expected to commence by the end of this year.
CoAL said it had signed an off-take agreement with Traxys, a global mineral marketing company, for 35 percent of the export quality thermal coal from Mooiplaats.
The company said it has agreed the terms for a further 35-percent offtake with another global trader, with an agreement seen by end of 2009. CoAL is in talks with logistics group Transnet to increase its rail allocation on the lines to the Matola terminal via a public-private partnership (PPP) deal.
The company's export allocation at the port stands at 1 million tonnes per annum, to be expanded to 3 million tonnes by late 2010 and with the potential to reach 13 million tonnes following an expansion of the export terminal.
"I am optimistic that the railways PPP initiative will ensure that the Company will be able to deliver significant tonnage of coal to the international and domestic markets," Farrell said.
Shares in CoAL were trading up 0.28 percent at 14.50 rand by 0744 GMT, roughly in line with the JSE Top-40 blue-chip index
Source:Reuters
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Saturday, 31 October 09
PRODUCERS BENEFIT FROM COAL'S TIGHT SUPPLY AND STRONG DEMAND
The Jakarta Post reported that, The outlook for Indonesian coal producers appears promising with strong volume growth coming from both the domestic ...
Saturday, 31 October 09
FLSMIDTH WINS MAJOR INDIAN COAL HANDLING PROJECT
Top global supplier of minerals processing and materials handling equipment, FL smidth, has won another important coal handling contract in India
...
Saturday, 31 October 09
INDIA OPENING POWER SECTOR TO PRIVATE INVESTMENT, COAL STILL THE FUEL OF CHOICE
Energy Tribune reported that, With coal-fired power plants as the primary source, India’s electricity generation sector space has been dominat ...
Friday, 30 October 09
MINERS TOLD TO SPEND ON LOCAL SERVICE FIRMS
The energy and mineral resources ministry has issued a ministerial regulation ordering mining firms to prioritize hiring domestic service companies ...
Friday, 30 October 09
TATA POWER MAY BUY COAL FROM RIVERSDALE'S MOZAMBIQUE MINES
Bloomberg reported that, Tata Power Ltd., India’s biggest electricity generator outside state control, may buy coal from a mine in Mozambique ...
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- European Bulk Services B.V. - Netherlands
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- Bhushan Steel Limited - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Metalloyd Limited - United Kingdom
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- India Bulls Power Limited - India
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- Bharathi Cement Corporation - India
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- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
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- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
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- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
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- Bukit Asam (Persero) Tbk - Indonesia
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- Independent Power Producers Association of India
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- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
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- New Zealand Coal & Carbon
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- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- The University of Queensland
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
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- Commonwealth Bank - Australia
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- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
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- Eastern Energy - Thailand
- Australian Coal Association
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- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
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- Electricity Authority, New Zealand
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- Power Finance Corporation Ltd., India
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- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
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- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Romanian Commodities Exchange
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
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- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
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- PowerSource Philippines DevCo
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- Economic Council, Georgia
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- Orica Australia Pty. Ltd.
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- Wilmar Investment Holdings
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- Kohat Cement Company Ltd. - Pakistan
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- Mintek Dendrill Indonesia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
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- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
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- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
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