Tuesday, 28 Feb 2012
Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, rose for a second week.
According to IHS McCloskey data on Bloomberg, prices added USD 1.27 or 1.2% to USD 106.11 a metric tonne in the week ended February 24. That’s the highest level since January 27.
The price is quoted on a free-on-board basis, which excludes delivery costs.
(Sourced from Bloomberg)
Showing posts with label Coal Terminal. Show all posts
Showing posts with label Coal Terminal. Show all posts
Tuesday, February 28, 2012
Tuesday, January 31, 2012
NSW Government rejects Tinkler coal terminal
Tuesday, 31 Jan 2012
www.miningaustralia.com.au reported that NSW government has rejected Hunter Ports' proposed Terminal 5 coal loading point. This latest rejection is the fifth for Nathan Tinkler's coal loader in Mayfied.
An assessment by the government stated that the proposal's benefits were outweighed by its potentially adverse effects.
It went on to said that the creation of the coal loader created uncertainty in the industry as it could potentially jeopardise existing coal agreements at Port Waratah Coal Services new port.
Coal magnate Nathan Tinkler put forward the proposal for its AUD 2.5 billion coal loader in November last year.
Situated on the former BHP steelworks site, the coal loader will create a new rail link and reportedly remove around 90% of coal trains from residential areas, Hunter Ports claims.
Mr Steve van Barneveld MD of Hunter Ports explained that "A highlight of our plan is to create a new rail corridor through the industrial land adjacent to the Hunter River. This will remove an estimated 90% of coal trains from the main north-south line, permitting the closure of the Mayfield rail corridor and transforming the surrounding communities."
Tinkler stated that the government's assessment relied on advice from parties with existing infrastructure, the Newcastle Herald reports.
Port Waratah Coal Services said the decision of the O'Farrell Government to reject Tinkler's Hunter Ports' Terminal 5 provides certainty for the region, adding that its PWCS's proposed Terminal 4 will provide the Hunter Valley with enough coal loading capacity.
As part of the Hunter Valley Coal Chain plan the industry very clearly asked PWCS to deliver T4 to provide the next tranches of coal loading capacity.
(sourced Miningaustralia.com.au)
www.miningaustralia.com.au reported that NSW government has rejected Hunter Ports' proposed Terminal 5 coal loading point. This latest rejection is the fifth for Nathan Tinkler's coal loader in Mayfied.
An assessment by the government stated that the proposal's benefits were outweighed by its potentially adverse effects.
It went on to said that the creation of the coal loader created uncertainty in the industry as it could potentially jeopardise existing coal agreements at Port Waratah Coal Services new port.
Coal magnate Nathan Tinkler put forward the proposal for its AUD 2.5 billion coal loader in November last year.
Situated on the former BHP steelworks site, the coal loader will create a new rail link and reportedly remove around 90% of coal trains from residential areas, Hunter Ports claims.
Mr Steve van Barneveld MD of Hunter Ports explained that "A highlight of our plan is to create a new rail corridor through the industrial land adjacent to the Hunter River. This will remove an estimated 90% of coal trains from the main north-south line, permitting the closure of the Mayfield rail corridor and transforming the surrounding communities."
Tinkler stated that the government's assessment relied on advice from parties with existing infrastructure, the Newcastle Herald reports.
Port Waratah Coal Services said the decision of the O'Farrell Government to reject Tinkler's Hunter Ports' Terminal 5 provides certainty for the region, adding that its PWCS's proposed Terminal 4 will provide the Hunter Valley with enough coal loading capacity.
As part of the Hunter Valley Coal Chain plan the industry very clearly asked PWCS to deliver T4 to provide the next tranches of coal loading capacity.
(sourced Miningaustralia.com.au)
Monday, December 12, 2011
Mundra Port delivers record coal to Adani Power
Monday, 12 Dec 2011
The Mundra Port and SEZ, the country's top private multi-port operator and a subsidiary of Adani Enterprises Ltd, has said its West Basin bulk coal handling terminal in the Gulf of Kutch delivered 62,718 tonnes a day of coal to Adani Power's power plant located adjacent to the port.
This large tranche of coal was delivered recently through a high speed conveyor belt at a speed of 6,000 tonnes per hour. The belt runs across 20 kilometers from the port to the power plant.
Adani Power Ltd is setting up a 4,620MW imported coal fired power plant at Mundra, while TATA Power Company is constructing a 4,000 MW ultra power project nearby.
Dr Malay Mahadevia whole time director at MPSEZ said the West Basin is Asia's largest coal import terminal, set up primarily to supply imported coal to the power plants in the region. It can handle capsize vessels up to 250,000 DWT and will have draft of 19.5 metres when fully developed.
Mundra Port, the country's fourth-largest commercial port, is expanding the West Basin terminal and construction for the fourth berth is going on in full swing. The company is also augmenting the material handling system to cater to additional volumes of imported coal for power plants in the vast North West Indian hinterland.
Last month, Mundra Port also commenced double-stack container trains to help control transportation costs. The trains are running from Mundra Port to Patli near Gurgaon, Haryana, thus, connecting Northern India to the west.
Keywords: West Basin bulk coal handling terminal, Gulf of Kutch,
(Sourced from BL)
The Mundra Port and SEZ, the country's top private multi-port operator and a subsidiary of Adani Enterprises Ltd, has said its West Basin bulk coal handling terminal in the Gulf of Kutch delivered 62,718 tonnes a day of coal to Adani Power's power plant located adjacent to the port.
This large tranche of coal was delivered recently through a high speed conveyor belt at a speed of 6,000 tonnes per hour. The belt runs across 20 kilometers from the port to the power plant.
Adani Power Ltd is setting up a 4,620MW imported coal fired power plant at Mundra, while TATA Power Company is constructing a 4,000 MW ultra power project nearby.
Dr Malay Mahadevia whole time director at MPSEZ said the West Basin is Asia's largest coal import terminal, set up primarily to supply imported coal to the power plants in the region. It can handle capsize vessels up to 250,000 DWT and will have draft of 19.5 metres when fully developed.
Mundra Port, the country's fourth-largest commercial port, is expanding the West Basin terminal and construction for the fourth berth is going on in full swing. The company is also augmenting the material handling system to cater to additional volumes of imported coal for power plants in the vast North West Indian hinterland.
Last month, Mundra Port also commenced double-stack container trains to help control transportation costs. The trains are running from Mundra Port to Patli near Gurgaon, Haryana, thus, connecting Northern India to the west.
Keywords: West Basin bulk coal handling terminal, Gulf of Kutch,
(Sourced from BL)
Tuesday, November 29, 2011
MPSEZ rises on delivering record amount of coal a day
Tuesday, Nov 29, 2011
Mundra Port and Special Economic Zone rose 2.77% at Rs. 129.75 at 11:06 IST after the company said that its West Basin bulk coal handling terminal has delivered a record 62,718 tonnes a day coal to Adani Power's plant located adjacent to the port.
The announcement was made after market hours on Monday, 28 November 2011.
Meanwhile, the BSE Sensex was down 46.46 points, or 0.29%, to 16,120.67.
On BSE, 1.13 lakh shares were traded in the counter as against an average daily volume of 2.12 lakh shares in the past one quarter.
The stock hit a high of Rs. 130.55 and a low of Rs. 125.30 so far during the day. The stock had hit a 52-week low of Rs. 115.25 on 25 November 2011. The stock had hit a 52-week high of Rs. 169.75 on 28 October 2011.
The stock had underperformed the market over the past one month until 28 November 2011, sliding 22.50% compared with the Sensex's 9.20% decline. The scrip had also underperformed the market in past one quarter, falling 9.95% as against 2.01% rise in the Sensex.
The large-cap private port and special economic zone has an equity capital of Rs. 400.68 crore. Face value per share is Rs. 2.
This large tranche of coal was delivered through a world class high speed conveyor belt at a speed of 6,000 tonnes per hour. The belt runs across 20 kilometre from the port to the power plant, a statement by Mundra Port and Special Economic Zone (MPSEZ) said.
Adani Power, one of the country's largest private thermal power producers, is setting up a 4,620 megawatts (MW) power plant in Mundra, Gujarat while Tata Power is constructing a 4,000 MW ultra mega power project at the same location.
“The accomplishment of import and time-bound delivery of first such large tranche of coal establishes MPSEZ's prowess in developing world-class port infrastructure in India and abroad. The feat could be achieved by better planning skills, state-of-the-art Mundra Port and Special Economic Zone Limited mechanization and dedication of the port operator, displaying its leadership position in the port infrastructure sector,” said Dr. Malay Mahadevia, Whole Time Director at MPSEZ.
The West Basin is Asia's largest coal import terminal and has been set up to primarily cater to supply imported coal to the power plants in the region. It can handle capsize vessels up to 250,000 deadweight tonnes (DWT) and will have draft of 19.5 meters when fully developed.
Mundra Port is expanding the West Basin terminal and construction for the fourth berth is going on in full swing. The company is also investing heavily in augmentation of the material handling system to cater to additional volumes of imported coal for power plants in the vast North West Indian hinterland.
Last month, Mundra Port also commenced double stack container trains to help control transportation costs. The trains are running from Mundra Port to Patli near Gurgaon, Haryana, thus connected Northern India to the west.
Net profit of MPSEZ rose 29.17% to Rs. 273.42 crore on 44.20% rise in net sales to Rs. 587.76 crore in Q2 September 2011 over Q2 September 2010.
Mundra Port provides cargo handling and other value-added port services. Mundra SEZ is India's first port-based multi-product special economic zone.
Sourced IIFL
Mundra Port and Special Economic Zone rose 2.77% at Rs. 129.75 at 11:06 IST after the company said that its West Basin bulk coal handling terminal has delivered a record 62,718 tonnes a day coal to Adani Power's plant located adjacent to the port.
The announcement was made after market hours on Monday, 28 November 2011.
Meanwhile, the BSE Sensex was down 46.46 points, or 0.29%, to 16,120.67.
On BSE, 1.13 lakh shares were traded in the counter as against an average daily volume of 2.12 lakh shares in the past one quarter.
The stock hit a high of Rs. 130.55 and a low of Rs. 125.30 so far during the day. The stock had hit a 52-week low of Rs. 115.25 on 25 November 2011. The stock had hit a 52-week high of Rs. 169.75 on 28 October 2011.
The stock had underperformed the market over the past one month until 28 November 2011, sliding 22.50% compared with the Sensex's 9.20% decline. The scrip had also underperformed the market in past one quarter, falling 9.95% as against 2.01% rise in the Sensex.
The large-cap private port and special economic zone has an equity capital of Rs. 400.68 crore. Face value per share is Rs. 2.
This large tranche of coal was delivered through a world class high speed conveyor belt at a speed of 6,000 tonnes per hour. The belt runs across 20 kilometre from the port to the power plant, a statement by Mundra Port and Special Economic Zone (MPSEZ) said.
Adani Power, one of the country's largest private thermal power producers, is setting up a 4,620 megawatts (MW) power plant in Mundra, Gujarat while Tata Power is constructing a 4,000 MW ultra mega power project at the same location.
“The accomplishment of import and time-bound delivery of first such large tranche of coal establishes MPSEZ's prowess in developing world-class port infrastructure in India and abroad. The feat could be achieved by better planning skills, state-of-the-art Mundra Port and Special Economic Zone Limited mechanization and dedication of the port operator, displaying its leadership position in the port infrastructure sector,” said Dr. Malay Mahadevia, Whole Time Director at MPSEZ.
The West Basin is Asia's largest coal import terminal and has been set up to primarily cater to supply imported coal to the power plants in the region. It can handle capsize vessels up to 250,000 deadweight tonnes (DWT) and will have draft of 19.5 meters when fully developed.
Mundra Port is expanding the West Basin terminal and construction for the fourth berth is going on in full swing. The company is also investing heavily in augmentation of the material handling system to cater to additional volumes of imported coal for power plants in the vast North West Indian hinterland.
Last month, Mundra Port also commenced double stack container trains to help control transportation costs. The trains are running from Mundra Port to Patli near Gurgaon, Haryana, thus connected Northern India to the west.
Net profit of MPSEZ rose 29.17% to Rs. 273.42 crore on 44.20% rise in net sales to Rs. 587.76 crore in Q2 September 2011 over Q2 September 2010.
Mundra Port provides cargo handling and other value-added port services. Mundra SEZ is India's first port-based multi-product special economic zone.
Sourced IIFL
Thursday, November 3, 2011
Update on Fitzroy coal export hub in Queensland
Thursday, 03 Nov 2011
It is reported that a AUD 1.2 billion proposal for a central Queensland coal export facility will be rigorously assessed for its potential environmental, social and economic impacts.
Queensland Coordinator General Keith Davies has declared the Fitzroy Terminal, proposed for Port Alma, 50km south of Rockhampton, as a significant project.
The declaration does not indicate approval or endorsement, but signals the start of an assessment of the potential environmental, social and economic impacts.
The facility would have an export capacity of 22 million tonnes per year, generate up to 350 construction jobs and up to 150 operational jobs.
Deputy Premier Mr Andrew Fraser said it was important to secure appropriate infrastructure to service the growing mining industry in central Queensland, but there needed to be a balance with potential environmental impacts. He said that "If approved, the Fitzroy Terminal would help address the increase in demand for essential coal port facilities by providing an alternative port for smaller tonnage mines.”
The project is owned by a consortium including Queensland-based private investment group Mitchell Group Holdings.
The federal environment minister has also decided to conduct an environmental impact statement on the project.
The Queensland coordinator-general declares a proposal to be a significant project after considering its scale, complexity and technology components, as well as the potential effects on the environment.
(sourced from Nine msn)
It is reported that a AUD 1.2 billion proposal for a central Queensland coal export facility will be rigorously assessed for its potential environmental, social and economic impacts.
Queensland Coordinator General Keith Davies has declared the Fitzroy Terminal, proposed for Port Alma, 50km south of Rockhampton, as a significant project.
The declaration does not indicate approval or endorsement, but signals the start of an assessment of the potential environmental, social and economic impacts.
The facility would have an export capacity of 22 million tonnes per year, generate up to 350 construction jobs and up to 150 operational jobs.
Deputy Premier Mr Andrew Fraser said it was important to secure appropriate infrastructure to service the growing mining industry in central Queensland, but there needed to be a balance with potential environmental impacts. He said that "If approved, the Fitzroy Terminal would help address the increase in demand for essential coal port facilities by providing an alternative port for smaller tonnage mines.”
The project is owned by a consortium including Queensland-based private investment group Mitchell Group Holdings.
The federal environment minister has also decided to conduct an environmental impact statement on the project.
The Queensland coordinator-general declares a proposal to be a significant project after considering its scale, complexity and technology components, as well as the potential effects on the environment.
(sourced from Nine msn)
Saturday, October 29, 2011
Coal miners allowed collective negotiations for Dudgeon Point
Saturday, 29 Oct 2011
Australian Competition and Consumer Commission has granted interim authorisation for coal miners to collectively negotiate with Dudgeon Point terminal management.
Carabella Resources, Macarthur Coal, Middlemount Coal, New Hope, and Peabody are all seeking port capacity to export from the terminal. This authorisation allows the miners to begin negotiations with the port while the ACCC assesses their applications. However it does not allow them to enter into any contracts or agreements.
The ACCC added that the granting of interim authorization in no way binds the ACCC in its consideration of the substantive application for authorization.
It provides immunity from court action for conduct that might otherwise raise concerns under the competition provisions of the Competition and Consumer Act 2010. Broadly, the ACCC may grant an authorization when it is satisfied that the public benefit from the conduct outweighs any public detriment.
Dudgeon Point will be built near the existing Hay Point and Dalrymple Bay coal ports. The Greens have recently raised fears over the development of the coal terminals in the area, senator Ms Larissa Waters stating that the community is saying their homes are being blanketed with coal dust and they need to keep their windows shut through the whole of summer.
She said "The noise of the trains, conveyor belts and helicopters is quite unbearable, I am told, and they're already doing an awful lot of dredging."
A draft decision on the miners' applications will be released in December.
sourced from Miningaustralia
If you believe an article violates your rights or the rights of others, please contact us.
Australian Competition and Consumer Commission has granted interim authorisation for coal miners to collectively negotiate with Dudgeon Point terminal management.
Carabella Resources, Macarthur Coal, Middlemount Coal, New Hope, and Peabody are all seeking port capacity to export from the terminal. This authorisation allows the miners to begin negotiations with the port while the ACCC assesses their applications. However it does not allow them to enter into any contracts or agreements.
The ACCC added that the granting of interim authorization in no way binds the ACCC in its consideration of the substantive application for authorization.
It provides immunity from court action for conduct that might otherwise raise concerns under the competition provisions of the Competition and Consumer Act 2010. Broadly, the ACCC may grant an authorization when it is satisfied that the public benefit from the conduct outweighs any public detriment.
Dudgeon Point will be built near the existing Hay Point and Dalrymple Bay coal ports. The Greens have recently raised fears over the development of the coal terminals in the area, senator Ms Larissa Waters stating that the community is saying their homes are being blanketed with coal dust and they need to keep their windows shut through the whole of summer.
She said "The noise of the trains, conveyor belts and helicopters is quite unbearable, I am told, and they're already doing an awful lot of dredging."
A draft decision on the miners' applications will be released in December.
sourced from Miningaustralia
If you believe an article violates your rights or the rights of others, please contact us.
Monday, October 24, 2011
Mayfield residents to discuss Tinkler new coal terminal
Monday, 24 Oct 2011
It is reported that Nathan Tinkler Hunter Ports group will not be shedding any light on its plans for a massive new coal terminal on Newcastle former BHP steelworks site at a community meeting in Mayfield this morning.
The group 'Correct Planning and Consultation for Mayfield has organised this morning's meeting to discuss the mining magnate proposal for the coal loader and terminal. It is concerned about how the operation will impact on Mayfield and surrounding suburbs, particularly if it is larger than the Port Waratah Coal Service operations.
Spokesman Mr John Hayes says the mining magnate declined an invitation to attend personally but agreed to send his Managing Director, Mr Steve Van Barneveld. He said that "We simply don't know what they're going to tell us, so we're very interested to hear."
A spokeswoman for the company says Mr Van Barneveld's attendance is only a meet and greet exercise and community consultation will not occur until definite plans are on the drawing board.
She says Mr Van Barneveld is not in a position to clarify the plans because they are still in the concept stage and an environmental assessment is not yet complete.
(sourced abc.net.au)
It is reported that Nathan Tinkler Hunter Ports group will not be shedding any light on its plans for a massive new coal terminal on Newcastle former BHP steelworks site at a community meeting in Mayfield this morning.
The group 'Correct Planning and Consultation for Mayfield has organised this morning's meeting to discuss the mining magnate proposal for the coal loader and terminal. It is concerned about how the operation will impact on Mayfield and surrounding suburbs, particularly if it is larger than the Port Waratah Coal Service operations.
Spokesman Mr John Hayes says the mining magnate declined an invitation to attend personally but agreed to send his Managing Director, Mr Steve Van Barneveld. He said that "We simply don't know what they're going to tell us, so we're very interested to hear."
A spokeswoman for the company says Mr Van Barneveld's attendance is only a meet and greet exercise and community consultation will not occur until definite plans are on the drawing board.
She says Mr Van Barneveld is not in a position to clarify the plans because they are still in the concept stage and an environmental assessment is not yet complete.
(sourced abc.net.au)
Coal shipments down in past year on Great Lakes
Monday, 24 Oct 2011
It is reported that shipments of coal on the Great Lakes totalled 3.4 million net tonnes in September an increase of nearly 15%MoM but a decrease of 7%YoY.
The trade was more than 10% off the 5 year average for September. Loadings at Lake Superior ports topped 2 million tons for the first time this year but still represented a decrease of 6.5%YoY.
Shipments from Lake Michigan terminals rose 40% but loadings at Lake Erie docks slipped 21.6%. YTD the coal trade stands at 19 million tonnes down by 14.7%YoY and even more, 26.1% when compared to the 5 year average for the first three quarters.
(sourced fox21online)
It is reported that shipments of coal on the Great Lakes totalled 3.4 million net tonnes in September an increase of nearly 15%MoM but a decrease of 7%YoY.
The trade was more than 10% off the 5 year average for September. Loadings at Lake Superior ports topped 2 million tons for the first time this year but still represented a decrease of 6.5%YoY.
Shipments from Lake Michigan terminals rose 40% but loadings at Lake Erie docks slipped 21.6%. YTD the coal trade stands at 19 million tonnes down by 14.7%YoY and even more, 26.1% when compared to the 5 year average for the first three quarters.
(sourced fox21online)
Wednesday, October 5, 2011
New coal terminal at Gladstone to start exporting coal by 2014
Wednesday, 05 Oct 2011
It is reported that a consortium planning a new coal terminal in Gladstone says the facility should start exporting coal by 2014.
Eight coal companies are behind a group to develop the Wiggins Island coal terminal.
Mr Mark West Project director said confirmation of finance will allow construction to start almost immediately. He said that "The first stage that has just been committed is for 27 million tonnes of coal and ultimately the terminal could expand to more than 80 million tonnes."
He added that "There's global demand for good quality competitively priced thermal and metallurgical coal through facilities such as Wiggins, it will be providing coal companies with export terminal capacity to meet the demand.”
He also said "There are eight stage one owners here and they all have either brown field or green field developments to support the project and they also invest in upgrade of the rail facilities to bring that volume of coal to Gladstone. There's very large demand. This recognises the global interests for good quality metallurgical coals from Queensland."
(sourced from ABC.net)
It is reported that a consortium planning a new coal terminal in Gladstone says the facility should start exporting coal by 2014.
Eight coal companies are behind a group to develop the Wiggins Island coal terminal.
Mr Mark West Project director said confirmation of finance will allow construction to start almost immediately. He said that "The first stage that has just been committed is for 27 million tonnes of coal and ultimately the terminal could expand to more than 80 million tonnes."
He added that "There's global demand for good quality competitively priced thermal and metallurgical coal through facilities such as Wiggins, it will be providing coal companies with export terminal capacity to meet the demand.”
He also said "There are eight stage one owners here and they all have either brown field or green field developments to support the project and they also invest in upgrade of the rail facilities to bring that volume of coal to Gladstone. There's very large demand. This recognises the global interests for good quality metallurgical coals from Queensland."
(sourced from ABC.net)
Thursday, September 1, 2011
Chettinad coal terminal may handle 5 million tonne this year
Thursday, 01 Sep 2011
Chettinad International Coal Terminal the private terminal at the Ennore port, is targeting to handle nearly five million tonnes of coal/coke by current financial year ending March 31, 2012.
According to sources, the buoyancy in handling is in the backdrop of the expected shifting of coal from Chennai port to Ennore from October on the directions of the Madras High Court. Commencing operations in January this year, the terminal has already handled 1 million tonnes of coal. It is possible to handle another 4 to 5 million tonnes by the year end with more number of customers approaching the company to handle coal and coke.
The terminal has so far berthed and discharged 21 vessels including Panamax ships for importers from various industries such as cement, steel, power, coke and coal traders. Some of the customers who have used the terminal so far are Coal and Oil, Kyori, Adani Coal, OPG Power, India Coke, India Cements and Kalyani steel.
The list of customers is getting bigger every month. The facility enables importers to save freight cost as Panamax vessels' freight on per tonne basis is less than smaller vessels for the same origin and destination.
The facility of CICTL has been used by large scale importers; in coming months CICTL is looking forward to berth many more Panamax vessels. For instance, an importer saves USD 4 to USD 5 a tonne on freight by bringing larger vessels to Ennore port, which has a draft of 13.5 meter compared to 12 meter at Chennai port.
(Sourced from Hindu)
Chettinad International Coal Terminal the private terminal at the Ennore port, is targeting to handle nearly five million tonnes of coal/coke by current financial year ending March 31, 2012.
According to sources, the buoyancy in handling is in the backdrop of the expected shifting of coal from Chennai port to Ennore from October on the directions of the Madras High Court. Commencing operations in January this year, the terminal has already handled 1 million tonnes of coal. It is possible to handle another 4 to 5 million tonnes by the year end with more number of customers approaching the company to handle coal and coke.
The terminal has so far berthed and discharged 21 vessels including Panamax ships for importers from various industries such as cement, steel, power, coke and coal traders. Some of the customers who have used the terminal so far are Coal and Oil, Kyori, Adani Coal, OPG Power, India Coke, India Cements and Kalyani steel.
The list of customers is getting bigger every month. The facility enables importers to save freight cost as Panamax vessels' freight on per tonne basis is less than smaller vessels for the same origin and destination.
The facility of CICTL has been used by large scale importers; in coming months CICTL is looking forward to berth many more Panamax vessels. For instance, an importer saves USD 4 to USD 5 a tonne on freight by bringing larger vessels to Ennore port, which has a draft of 13.5 meter compared to 12 meter at Chennai port.
(Sourced from Hindu)
Sunday, August 14, 2011
China Kingho to build Mozambique coal terminal at Beira
Sunday, 14 Aug 2011
State controlled newspaper Noticias citing Huo Qinghua chairman of China Kingho Group reported that China Kingho Group will finance work on a coal terminal at Beira port and an upgrade of the Sena railway line linking the Moatize coal mines.
The Maputo based daily citing the executive speaking to Mozambique president Armando Guebuza reported that the company will invest USD 20 million in the first phase of the project.
(Sourced from Bloomberg)
State controlled newspaper Noticias citing Huo Qinghua chairman of China Kingho Group reported that China Kingho Group will finance work on a coal terminal at Beira port and an upgrade of the Sena railway line linking the Moatize coal mines.
The Maputo based daily citing the executive speaking to Mozambique president Armando Guebuza reported that the company will invest USD 20 million in the first phase of the project.
(Sourced from Bloomberg)
Monday, July 18, 2011
Queensland coal haul offered to investors
Monday, 18 Jul 2011
Investors are being given the chance to share in Queensland’s coal bonanza. Up to four new coal terminals are planned for Abbot Point coal port, making a total of seven with a combined capacity of 120 million tonnes per year.
The expansion is worth AUD 6.2 billion and investors will have the chance to take equity stakes.
(Sourced from portstrategy)
Investors are being given the chance to share in Queensland’s coal bonanza. Up to four new coal terminals are planned for Abbot Point coal port, making a total of seven with a combined capacity of 120 million tonnes per year.
The expansion is worth AUD 6.2 billion and investors will have the chance to take equity stakes.
(Sourced from portstrategy)
Wednesday, May 4, 2011
Mundra Port wins bid for Abbot Point X50 coal terminal
Wednesday, 04 May 2011
Mundra Port and Special Economic Zone announced that the State of Queensland in Australia has declared MPSEZ as the successful bidder for long term lease of Abbot Point X50 Coal Terminal following international competitive bidding.
The international bid attracted local and foreign companies and international consortia and the bid passed through three distinct stages of selection lasting over six months. Mundra beat other international players to bag this prestigious acquisition with a bid price of about AUD 1.8 billion which had full financial closure.
The deal was signed in Brisbane, Australia between the company officials and the Queensland government. This achievement also marks the beginning of expansion of business of MPSEZL outside India and is also an acknowledgement of the robust management capability of Mundra Port in developing and operating ports anywhere in the world.
Mr Gautam Adani chairman of Adani Group informed with the acquisition of Abbot Point Coal Terminal, Adani Group controlled Mundra Port has established international credentials an efficient world class port developer and operator. We have harbored aspirations to expand globally and were in search of right business opportunity with strategic fit. Abbot Point is our contribution to India’s increasing global ambition and will boost synergy with other businesses of the group, informed.
Shares of the company gained INR 0.8 or 0.56% to trade at INR 144.60. The total volume of shares traded was 266,085 at the BSE.
The international bid attracted local and foreign companies and international consortia and the bid passed through three distinct stages of selection lasting over six months. Mundra beat other international players to bag this prestigious acquisition with a bid price of about AUD 1.8 billion which had full financial closure.
The deal was signed in Brisbane, Australia between the company officials and the Queensland government. This achievement also marks the beginning of expansion of business of MPSEZL outside India and is also an acknowledgement of the robust management capability of Mundra Port in developing and operating ports anywhere in the world.
Mr Gautam Adani chairman of Adani Group informed with the acquisition of Abbot Point Coal Terminal, Adani Group controlled Mundra Port has established international credentials an efficient world class port developer and operator. We have harbored aspirations to expand globally and were in search of right business opportunity with strategic fit. Abbot Point is our contribution to India’s increasing global ambition and will boost synergy with other businesses of the group, informed.
Shares of the company gained INR 0.8 or 0.56% to trade at INR 144.60. The total volume of shares traded was 266,085 at the BSE.
Sunday, February 13, 2011
US port sees increasing coal traffic as seaborne market booms
Feb10,2011
The heavy traffic may be the new normal, industry officials said.Just weeks after fourth quarter conference calls during which Appalachian coal producers talked about the pull of Asian markets on US coal supplies, Adam Anderson, executive vice president for booking agent T. Parker Host, expects ship traffic to remain heavier for at least the next six months.After shipping 1.54 million st of export-bound coal in January, Norfolk Southern's Lambert Point pier is expected to alone load 1.95 million st of coal onto 32 ships between now and March 5, according to T. Parker Host.
Neighboring Dominion Terminal Associates and Pier XI are slated to receive a combined 37 ships with capacity for 2.2 million st during the same period, the company said.The US export market has experienced building pressure from the market gap left by Australian suppliers crippled by flooding and a recent typhoon, but the larger factor driving traffic in Norfolk is the pull from Asian steelmakers seeking coal for their furnaces, Anderson said."Even without Australia, we'd still be pretty busy. I think the big change now [is before] you had the domestic market and Europe or Brazil -- you sold it to one of those markets or it stayed in the ground," Anderson said."[Now], we sell it to our natural market or sell it to Asia. I think that's a big change."CSX told investors in January that it could haul between 35 million and 40 million st for export shipments during 2011, nearly double what it did in 2009; Norfolk Southern executives said the Lambert's Point docks could handle 30 million st compared with 16.7 million mt. But a major concern for the coal suppliers, customers and terminal operators has been transporting coal from mines to the coast.Transportation capacity on the two railroads, particularly on Norfolk
Southern, has remained a concern for coal companies, their customers and the docks themselves. Norfolk Southern executives acknowledging poor service dogged its fourth quarter performance and results, but pledged that additional cars and employees were being added to address the issue.At this point, though, trains keep coming and Anderson sees no let up in traffic anytime soon."There's so much business and both the railroads are adding people and cars to keep up with demand," he said. "We don't see any decrease." (Source: Platts)
The heavy traffic may be the new normal, industry officials said.Just weeks after fourth quarter conference calls during which Appalachian coal producers talked about the pull of Asian markets on US coal supplies, Adam Anderson, executive vice president for booking agent T. Parker Host, expects ship traffic to remain heavier for at least the next six months.After shipping 1.54 million st of export-bound coal in January, Norfolk Southern's Lambert Point pier is expected to alone load 1.95 million st of coal onto 32 ships between now and March 5, according to T. Parker Host.
Neighboring Dominion Terminal Associates and Pier XI are slated to receive a combined 37 ships with capacity for 2.2 million st during the same period, the company said.The US export market has experienced building pressure from the market gap left by Australian suppliers crippled by flooding and a recent typhoon, but the larger factor driving traffic in Norfolk is the pull from Asian steelmakers seeking coal for their furnaces, Anderson said."Even without Australia, we'd still be pretty busy. I think the big change now [is before] you had the domestic market and Europe or Brazil -- you sold it to one of those markets or it stayed in the ground," Anderson said."[Now], we sell it to our natural market or sell it to Asia. I think that's a big change."CSX told investors in January that it could haul between 35 million and 40 million st for export shipments during 2011, nearly double what it did in 2009; Norfolk Southern executives said the Lambert's Point docks could handle 30 million st compared with 16.7 million mt. But a major concern for the coal suppliers, customers and terminal operators has been transporting coal from mines to the coast.Transportation capacity on the two railroads, particularly on Norfolk
Southern, has remained a concern for coal companies, their customers and the docks themselves. Norfolk Southern executives acknowledging poor service dogged its fourth quarter performance and results, but pledged that additional cars and employees were being added to address the issue.At this point, though, trains keep coming and Anderson sees no let up in traffic anytime soon."There's so much business and both the railroads are adding people and cars to keep up with demand," he said. "We don't see any decrease." (Source: Platts)
Thursday, January 27, 2011
China may impost 5pct coal resource tax
Thursday, 27 Jan 2011
According to the latest statistics of Michael Cooper at Qin Huangdao port, China largest coal terminal, power coal with caloric value of 6,000 kilocalories per kilogram has recently stood at CNY 835 per tonne to CNY 845 per ton and that with caloric value of 5,500 Kilocalories per kilogram at CNY 785 per tonne to CNY 795 per tonne.
The FOB price of power coal at Australia and The Richards Bay remains at USD 113 per tonne and that at Indonesian ports USD 114 per tonne.
With the 17% VAT and all other charges considered, foreign coal is not at all competitive to domestic coal consumers. However, if domestic coal prices are 5% higher, things may take a turn and that’s exactly what the coal resource tax will probably cause.
Mr Xiexu minister of The Ministry of Finance said in an interview recently that the coal resource tax policy will be fully put into force in the coming five years. This raise concerns in the industry that the tax will add to resource costs and lead to increases of coal price. One obvious result may be that this may endear foreign resource to domestic coal consumers.
An expert from platts, an energy service provider, revealed that China was originally planning to impose 5 % coal resource tax from January 1st 2011, yet no announcement had been received from China’s National Development and Reform Commission so far. On that occasion there were coal dealers predicting that this may come to pass after the spring festival.
According to the above coal dealers, this may lead to a 5% rise in coal price and consequently foreign coal may suddenly become appealing to Chinese buyers.
Nevertheless, coal demand is sluggish now. Power groups had filled their warehouses with coal for further consumption. From a broader perspective, China’s economy is witnessing a shift in development mode, and this determines, on a broader sense, the growth of energy consumption will be milder. (Sourced from MySteel.net)Visit www.Mysteel.net for real time access to China steel news!
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