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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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Wednesday, 07 October 09
WORLD'S LEADING COAL-BASED PP PROJECT TO BEGIN TRIAL PRODUCTION NEXT YEAR IN NW CHINA
Xinhua Net reported that, a coal-based polypropylene (PP) production project in northwest China, believed to be the world's largest one, is to ...
Wednesday, 07 October 09
INDIA SAIL TO IMPORT 10-11 MLN T COAL IN FY10 - EXEC
Reuters reported that, Steel Authority of India Ltd plans to import 10-11 million tonnes of coal in the current year to March, below last year's 13 ...
Wednesday, 07 October 09
DOMESTIC SHIPPING FIRMS READY FOR NEW RULES ON COAL, INDUSTRY GROUP SAYS
The Jakarta Globe reported that, The domestic coal-shipping sector is ready for the introduction of shipping regulations requiring all power station ...
Wednesday, 07 October 09
CHINESE BANK MAY PULL OUT OF SUMATRA COAL RAILWAY
The Jakarta Globe reported that, The Export-Import Bank of China may pull out of a $1.28 billion South Sumatra coal-railway project with state-owned ...
Wednesday, 07 October 09
COAL INDIA LOOKS AT LONG-TERM PRICE CONTRACTS
Economic Times reported that, Coal India is looking at long-term price contracts, of at least three-four year periods, with foreign entities, 54 of ...
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- Rashtriya Ispat Nigam Limited - India
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- Cement Manufacturers Association - India
- MS Steel International - UAE
- Thiess Contractors Indonesia
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- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
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- Posco Energy - South Korea
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- Mercator Lines Limited - India
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- Standard Chartered Bank - UAE
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- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
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- Goldman Sachs - Singapore
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- Power Finance Corporation Ltd., India
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- Australian Coal Association
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- Petron Corporation, Philippines
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- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
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- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
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- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
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- ASAPP Information Group - India
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- Indika Energy - Indonesia
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- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- White Energy Company Limited
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- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
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- Economic Council, Georgia
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- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- PTC India Limited - India
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
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- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
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- Deloitte Consulting - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Kobexindo Tractors - Indoneisa
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- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
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- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
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- Electricity Authority, New Zealand
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- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
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- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
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- Ministry of Finance - Indonesia
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- IEA Clean Coal Centre - UK
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