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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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Sunday, 26 April 09
INDONESIAN GOVT SAYS COAL MINES CAUSE WEEKLONG FLOOD - THE JAKARTA POST
Samarinda administration in East Kalimantan admitted openly Thursday that the weeklong flood that paralyzed the city was caused by unruly management ...
Saturday, 25 April 09
FOREIGN SHARE DIVESTMENT STARTING THE 6TH YEAR OF PRODUCTION - MAJALAH TAMBANG
The government would set a divestment scheme for foreign miners, which would require companies to divest their ownership starting the 6th year of pr ...
Saturday, 25 April 09
INDO TAMBANGRAYA MEGAH ALLOCATED USD 126 MILLION FOR CAPITAL SPENDING - MAJALAH TAMBANG
Somyot Ruchirawat, President Director of PT Indo Tambangraya Megah, Tbk (ITMG), has announced the company's total dividend payment of Rp 1,345 per ...
Saturday, 25 April 09
MINING SECTOR IS STILL ON THE SURPLUS - THE JAKARTA POST
The global financial crisis is apparently also having an impact on the mining sector. People are thinking twice about investing in the mining sector ...
Saturday, 25 April 09
ADARO RUNS CATARACT OPERATION PROGRAM - THE JAKARTA POST
As part of its CSR program, thermal coal producer PT Adaro Indonesia has made cataract operations available to residents of Tandjung district, South ...
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- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Planning Commission, India
- MS Steel International - UAE
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Australian Coal Association
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
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