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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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Tuesday, 07 July 09
Q+A - INDONESIA MINING SECTOR FACES ELECTION RISKS - REUTERS
Indonesia has struggled to lure foreign investment to its mining sector in recent years, and the nationalist line on resource exploitation taken by ...
Tuesday, 07 July 09
INDIKA ENERGY COMPLETES THE ACQUISITION OF PETROSEA
TAMBANG reported that, PT Indika Energy, Tbk has officially announced that it has completed the acquisition of PT Petrosea, Tbk. from Clough Interna ...
Tuesday, 07 July 09
RUSSIAN AUDITORS ATTACK COAL EXPORTERS OVER PRICING
Russia's budget is losing substantial revenues because the country's exporters ship coal overseas at artificially low prices through various offsh ...
Tuesday, 07 July 09
RBCT COAL EXPORTS TO REMAIN BELOW CAPACITY IN 2009
Coal volumes railed to South Africa’s Richards Bay Coal Terminal are continuing to fall far short of the corridor’s nameplate yearly cap ...
Tuesday, 07 July 09
TATA POWER AID THE INDONESIAN COAL MINES
BL reported that Mr Prasad Menon MD of TATA Power aid the Indonesian coal mines PT Kaltim Prima Coal and PT Arutmin Indonesia in which TATA Power ha ...
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- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Planning Commission, India
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
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