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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, 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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- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Wilmar Investment Holdings
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
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