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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, 13 May 09
INDONESIA ADARO NET PROFIT, REVENUE TO RISE IN 2009 - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, expects double-digit growth in revenue and net profit this year, an officia ...
Wednesday, 13 May 09
ALPHA TO BUY RIVAL, CREATING NEW US COAL HEAVYWEIGHT - MININGWEEKLY.COM
Alpha Natural Resources, the biggest supplier of metallurgical coal in the US, has agreed to buy Maryland-based rival Foundation Coal for about $1,4 ...
Tuesday, 12 May 09
CHINA MINERS CUT COAL PRICE OFFER TO JAPAN UTILITIES - ALIBABA.COM
* Producers cut offer to $75.50 a tonne from over $80
* Negotiations may conclude soon as price gap narrows
* New offer at discount of about 43 pe ...
Tuesday, 12 May 09
INDO TAMBANGRAYA SEES 2010 COAL OUTPUT UP 25 PCT - REUTERS
Indonesian coal miner, PT Indo Tambangraya Megah (ITMG.JK), expects coal output to increase by up to 25 percent next year as production kicks in at ...
Tuesday, 12 May 09
INDIKA EXPECTS TO INCREASE COAL PRODUCTION BY 12.68% IN 2010 - THE JAKARTA POST
Energy and infrastructure company PT Indika Energy, the parent company of Indonesia's third largest coal producer PT Kideco Jaya Agung, expects its ...
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- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
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- Power Finance Corporation Ltd., India
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- The University of Queensland
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- Kaltim Prima Coal - Indonesia
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- Thiess Contractors Indonesia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
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- Kumho Petrochemical, South Korea
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- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Minerals Council of Australia
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- Makarim & Taira - Indonesia
- MS Steel International - UAE
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
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- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
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- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
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- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
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- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
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- The State Trading Corporation of India Ltd
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- Alfred C Toepfer International GmbH - Germany
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- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
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- Economic Council, Georgia
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- Sojitz Corporation - Japan
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- Global Business Power Corporation, Philippines
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- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
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- PTC India Limited - India
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- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
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- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
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- GAC Shipping (India) Pvt Ltd
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- Metalloyd Limited - United Kingdom
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