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Thursday, 17 December 09
RBCT PROBLEMS TO CAUSE STEAM COAL PRICE SPIKE IN Q1
 Bugs in the new computer system at South Africa's Richards Bay Coal Terminal and persistent rail problems will make it impossible for exporters to meet demand from India and China in Q1 and will push prices up, sources say.
Producer and transport sources said logistical bottlenecks have caused coal stockpiles to swell at the mines and terminal stocks are so low that exporters are having to buy from each other to fill waiting ships.
"Vessel loadings are being delayed and some companies are having to buy in to fill vessels because they can't move their own coal quickly enough," one industry source said, singling out problems with the computer system.
"This is costing billions of rand in demurrage," he added.
RBCT Chief Executive Raymond Chirwa declined to comment on the talk of computer problems.
"The terminal is not the issue at the moment," he said. "The terminal is at 76 million tonnes (a year) now and other logistical facilities are not even close to that," he said.
STOCKPILES
BHP Billiton has over 1 million tonnes of coal at its mines and other miners have similar quantities, industry sources said.
The computer system problems will take months to fix and there are few signs that rail operator Transnet will improve its efficiency in the very near term, they said.
"Our view is that the (export coal) channel has not been optimised to achieve its full capacity," Transnet Freight Rail spokesman John Dludlu said.
Prompt South African coal prices have risen over 16 percent during the past six weeks to $72.00 a tonne FOB Richards Bay on strong Asian demand and limited supply.
A scramble for coal by Asian buyers could quickly add $5-$10 a tonne to current prices, producers and traders said.
Richards Bay has the capacity to export 76 million tonnes but will ship only 60 million in 2009 due to rail problems.
India has taken over 30 percent of South Africa's coal exports and is hungry for more to feed its burgeoning power need.
There are already enquiries from India and China for far more coal than is available for Q1, making a scramble among buyers and a hike in prices inevitable, producers said
"Stocks are extremely low, below 2.4 million tonnes and likely to fall much further in the next two weeks," one coal industry source said.
As part of its Phase V expansion to raise export capacity to 91 million tonnes a year, RBCT installed new equipment to move coal and a new computer system, the Terminal Control System.
The TCS plans the most efficient route for coal from stockpile to waiting vessel. Bugs caused delays of several days to shiploading and made it impossible to use new equipment.
RBCT has reverted to its original computer system while it fixes the TCS bugs.
"Until they get the TCS sorted out there cannot be any Phase V, it's just not possible," the transport source said.
On Monday RBCT announced it was delaying the start of its Phase V expansion to Q1 2010 - a year later than originally planned.
Source: Reuters
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Friday, 18 December 09
COKING COAL SHORTAGE IN CHINA TO SPUR DEMAND FIGHT WITH JAPAN
China, the world’s largest steelmaker, faces a shortage of coking coal that may drive imports next year and spur a fight for resources with Ja ...
Thursday, 17 December 09
THE 6TH CLEAN ENERGY FORUM - CLEAN COAL 2010
COALspot.com (China) - Press Release: The 6th Clean Energy Forum--Clean Coal 2010 January 27-29, 2010 Renaissance Tianjin Teda Hotel And Conven ...
Thursday, 17 December 09
JFE STEEL INVESTS $555 MILLION IN AUSTRALIA COAL MINE
JFE Steel Corp., Japan’s second- largest producer, will invest 50 billion yen ($555 million) in a coal mine in Queensland, Australia, includin ...
Thursday, 17 December 09
CHINA, INDIA DEMAND MAY BOOST THERMAL COAL PRICE, JPMORGAN SAYS
Demand for thermal coal from China and India may boost prices of the fuel to $80 a metric ton next year amid reduced supplies and lower inventories, ...
Thursday, 17 December 09
CIL TO IMPORT 4 MILLION TONNES COAL FOR NTPC
The country's largest coal miner Coal India Ltd (CIL) will import 4 million tonnes of coal for state-run power company NTPC.
"Earlier, ther ...
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- PetroVietnam Power Coal Import and Supply Company
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- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
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- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
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- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
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- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
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- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
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- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Coal and Oil Company - UAE
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- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
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- Mjunction Services Limited - India
- Georgia Ports Authority, United States
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- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
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- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Economic Council, Georgia
- White Energy Company Limited
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Minerals Council of Australia
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- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
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- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
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- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
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- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
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- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
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- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- MS Steel International - UAE
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
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- Binh Thuan Hamico - Vietnam
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