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Friday, 27 November 09
SOUTH AFRICA STILL TOPS IN COAL EXPORT RANKINGS
Mining Weekly reported that, Despite significant coal-mining capacity recently discovered in the Southern African region, according to senior coal analysts at the annual Role of Coal conference, held in Johannesburg this month, South Africa is still top of the pile when it comes to coal exports.
At the conference, John Hollaway & Associates MD John Hollaway painted a picture of the regional coal basin map outside of South Africa.
He reports that Mozambique, Zimbabwe and Botswana hold the largest regional coal basins outside South Africa.
Cumulatively, the countries can boast a coal resource of about 53,5-billion tons. Angola has five-billion tons of mainly poor-quality lignite coal, while the next sizable resource is held by Tanzania, which holds one-billion tons.
“Although there have been significant coal discoveries in Mozambique, Zimbabwe and Botswana, the coal is of poor quality and is not fit for export. South Africa still sits at the top of the coal export chain, for the time being,” said Hollaway.
Although Hollaway is of the view that the coal found in the region is of poor export quality, there has still been some interest shown.
Australian coal-mining company Riversdale Mining recently started mining at its Zambeze project, near Tete, in western Mozambique. The project has generated significant interest in that there is international demand for the coal from the mine. Owing to poor infrastructure in the region, Riversdale announced that it would be barging the coal down the Zambezi to the river mouth at Chinde, where the coal can be exported.
Developer of the Mmamabula energy project Botswana CIC Energy is in the process of compiling a feasibility study into building a railway line from the project, in southern Botswana, to Walvis Bay, in Namibia, to tap into the lucrative European and South American energy markets.
Coal plays an important role when it comes to the economic development of the region. With limited funding to build electricity networks that are reliant on renewable-energy sources, many power stations in the region are still baseload power stations that are reliant on coal supply. There is also a significant inter- national demand for the type of high-quality coal that is typically found in South Africa. This demand is particularly high in the Asian market.
Source: Mining Weekly
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Wednesday, 06 January 10
SAS 2009 COAL EXPORTS THROUGH RBCT FLAT AT 61MT
Exports through South Africa’s Richards Bay Coal Terminal (RBCT) remained flat in 2009, as the terminal faced “critical business challen ...
Wednesday, 06 January 10
BUMI SHARES UP AS OVERALL PERFORMANCE BEATS PREDICTIONS
The world’s largest thermal coal exporter PT Bumi Resources saw its shares jump 10 percent to Rp 2,675 ($29 US cents) on Tuesday after the com ...
Wednesday, 06 January 10
INDIA MAY HAVE BECOME TOP BUYER OF SOUTH AFRICAN COAL
India may have overtaken Europe for the first time as the biggest purchaser of South African coal in 2009, according to Raymond Chirwa, Richards Bay ...
Wednesday, 06 January 10
COAL PEAK RECEDES INTO THE FAR DISTANCE
COALspot.com (German): Coal will be available to mankind as an energy source for the next 120 years.
The German Coal Importer Association has ca ...
Tuesday, 05 January 10
SUPRAMAX MARKET REMAINED QUIET OVER THE LAST 10 DAYS BRS - DRY BULK
Despite a damp end to the year for bulk rates, shipping has weathered the storm far better than was initially expected in the wake of the financ ...
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- Minerals Council of Australia
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- The University of Queensland
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- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
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- Kaltim Prima Coal - Indonesia
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- Heidelberg Cement - Germany
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- Eastern Coal Council - USA
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- Formosa Plastics Group - Taiwan
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- Madhucon Powers Ltd - India
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- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
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- Bhushan Steel Limited - India
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- PNOC Exploration Corporation - Philippines
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- Eastern Energy - Thailand
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- Videocon Industries ltd - India
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- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
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