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Friday, 27 November 09
EXXARO SEES HIGH COAL DEMAND RAISING PRICES
 Reuters reported that, South African diversified miner Exxaro Resources said on Thursday it expected coal prices to rise to between $70 and $75 per tonne in 2010 from around $65 per tonne this year due to rising global demand.
Exxaro's executive general manager for business growth, Ernst Venter, said coal demand had started to rise on the world market, with India becoming a major market, particularly for steam coal.
"The recession is over and demand is now rising and as a result prices will also rise," Venter told Reuters.
Venter separately told journalists that 95 percent of Exxaro's coal was still going to Europe and that the company's plans to export up to 7.5 million tonnes in 2009 would be hampered by logistical problems and a lack of bigger port capacity at the Richards Bay Coal Terminal (RBCT).
"Europe is still a good market in terms of our coal, at least we could look at the Indian market as well. We have plans for the future and especially the Indian market," Venter said.
"We could have exported this year about 7.2-7.5 million tonnes but we will get to about 5 million."
RBCT had said it would expand its capacity to 91 million tonnes by October, but logistics group Transnet has said it signed contracts with coal producers to rail only up to 70 million tonnes of coal to the port this year.
Exxaro has said it would consider using private haulers if Transnet failed to bring all its coal to the port.
Venter said the RBCT could export up to 67 million tonnes of coal this year and raise exports to about 74 million tonnes in 2010.
Source: Reuters
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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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- Bhoruka Overseas - Indonesia
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- Parliament of New Zealand
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- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
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- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
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- Economic Council, Georgia
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- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
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- Eastern Energy - Thailand
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- Aditya Birla Group - India
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- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
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- Global Green Power PLC Corporation, Philippines
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- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Deloitte Consulting - India
- CNBM International Corporation - China
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- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
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- Petron Corporation, Philippines
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
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- Banpu Public Company Limited - Thailand
- Australian Coal Association
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- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- PTC India Limited - India
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
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- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Makarim & Taira - Indonesia
- The University of Queensland
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- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
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- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
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