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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, 27 February 09
WIKA TO ACQUIRE MINING COMPANY
The Jakarta Post reported that, Public listed state construction firm PT Wijaya Karya (Wika) is to acquire a mining contracting firm in the first se ...
Friday, 27 February 09
COASTAL ENERGEN INKS PACT WITH CHINESE FIRM FOR POWER EQUIPMENT
My Digital Fc reported that, Dubai-based Coal and Oil Group, which is setting up a 1,200MW thermal power plant in Tamil Nadu, has tied-up with China ...
Thursday, 26 February 09
GMR INFRA COMPLETES INDONESIAN BUY
Blonnet reported that, GMR Infrastructure Ltd today confirmed the acquisition of an Indonesian coal mining company for a consideration of $80 millio ...
Wednesday, 25 February 09
INDONESIAN GOVERNMENT TO REGULATE MINIMUM COAL SELLING PRICES
The Jakarta Post reported that, To complement the recent enactment of the new mining law, the government is preparing to introduce a coal pricing in ...
Thursday, 19 February 09
GEOTHERMAL ENERGY DOMINATES 10.000 MW POWER PROJECT - ESDM
The role of coal as a source of energy is superseded by geothermal energy to power the second phase of the 10.000 megawatt (MW) power plant project. ...
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- Agrawal Coal Company - India
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- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
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- GN Power Mariveles Coal Plant, Philippines
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- Holcim Trading Pte Ltd - Singapore
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- Toyota Tsusho Corporation, Japan
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- Merrill Lynch Commodities Europe
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- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
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- Indonesian Coal Mining Association
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- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
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- Directorate General of MIneral and Coal - Indonesia
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- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
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- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
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- The University of Queensland
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Latin American Coal - Colombia
- VISA Power Limited - India
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- White Energy Company Limited
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- Mjunction Services Limited - India
- Indian Energy Exchange, India
- Planning Commission, India
- Sakthi Sugars Limited - India
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
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- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
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- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Economic Council, Georgia
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
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- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Australian Coal Association
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- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
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- Riau Bara Harum - Indonesia
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- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
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- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
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- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
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