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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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Friday, 25 September 09
FREIGHT RATE CUTS MAKING SOUTH AFRICAN COAL MORE COMPETITIVE IN ASIAN MARKETS
Mining Weekly reported that, Coaltrans South Africa MD Gerard Strahan highlighted the country’s sudden increase in coal exports to southern Ch ...
Friday, 25 September 09
XSTRATA TO BUILD ITS OWN RAIL CAPACITY TO SHIP AUSTRALIAN COAL
Bloomberg reported that, Xstrata Plc, the world’s largest exporter of coal used by power stations, will establish its own rail haulage capacit ...
Thursday, 24 September 09
INDIA CEMENT CO'S TO AWARD 200,000T COAL TENDER
Reuters reported that, India's biggest cement maker ACC Cement Ltd and Gujarat Ambuja will award on Thursday Sept 25 a tender for 100,000 tonnes ea ...
Thursday, 24 September 09
YUDEAN TO SIGN CO-OPERATION LETTER OF INTENT WITH RUSSIA COAL TRADE COMPANY
In the recent days, Gao Shiqiang, deputy manager of Yudean Group Co., Ltd. went and carried out the friendly talks with SUEK and inked the trade co- ...
Thursday, 24 September 09
ANGLO EYES DOUBLED METALLURGICAL COAL OUTPUT BY 2018
Mining group Anglo American could double its production of coal used for steel making by 2018 if all of its unapproved projects went ahead, the comp ...
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- Ministry of Transport, Egypt
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- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
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- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
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- Kalimantan Lumbung Energi - Indonesia
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- White Energy Company Limited
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- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
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- Star Paper Mills Limited - India
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- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
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- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
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- The State Trading Corporation of India Ltd
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- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Indian Energy Exchange, India
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
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- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
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- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
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- Minerals Council of Australia
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- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
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- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Cement Manufacturers Association - India
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- The University of Queensland
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- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Parliament of New Zealand
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- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
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- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
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- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
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- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
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- Deloitte Consulting - India
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