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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, 16 June 09
INDIAN MINING WORKER ARRESTED IN BENGKULU
Forestry officials in Bengkulu Province, Sumatra, arrested one Indian national and two Indonesians on Sunday for unauthorized exploration in the ele ...
Tuesday, 16 June 09
INDIAN GOVERNMENT MAY ALLOW PRIVATE COMPANIES TO MINE COAL
The government is “strongly considering” to allow commercial coal mining by private companies in a bid to bridge the demand-supply gap, ...
Monday, 15 June 09
SAFRICA'S COAL TERMINAL EXPANSION DELAYED TO Q4
South Africa's Richards Bay Coal Terminal (RBCT) said on Monday the completion of a project to expand the export facility had been delayed to the f ...
Monday, 15 June 09
SHENHUA DENIES GIVING GROUND ON EXPORT COAL PRICE - REUTERS
China Shenhua Energy Co, the country's top coal producer, expects Japanese and South Korean clients to pay at least as much as Chinese customers fo ...
Monday, 15 June 09
POWER PLANT SUFFERS FROM COAL CRISIS - THE STATESMAN
The 3,000 mw NTPC-Kaniha power plant, the second biggest in the country, is facing an unprecedented coal crisis with stocks dipping to a low of only ...
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- Indonesian Coal Mining Association
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- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
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- Alfred C Toepfer International GmbH - Germany
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- European Bulk Services B.V. - Netherlands
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- Coal and Oil Company - UAE
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- Ministry of Mines - Canada
- Tamil Nadu electricity Board
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- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
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- Timah Investasi Mineral - Indoneisa
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- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
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- Power Finance Corporation Ltd., India
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- Planning Commission, India
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- Bhoruka Overseas - Indonesia
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- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Standard Chartered Bank - UAE
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- Independent Power Producers Association of India
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- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
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