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Showing posts with label Thu Mar31 2011. Show all posts
Showing posts with label Thu Mar31 2011. Show all posts

Thursday, March 31, 2011

S.African Transnet shuts coal lines after derailment


Thu Mar 31, 2011 4:18pm GMT

JOHANNESBURG, March 31 (Reuters) - South Africa's freight logistics group Transnet [TRAN.UL] said on Thursday that it had closed two lines linking the coal mines with the Richards Bay export terminal after a derailment near Ermelo.

Spokesman Sandile Simelane said one of the two lines would reopen on Friday.

"We anticipate one of the lines to reopen tomorrow," he told Reuters, adding that an investigation into the cause of the derailment was ongoing. He declined to comment on how much tonnage would be lost as a result of the derailment, which occurred on Wednesday. (Reporting by Agnieszka Flak, sourced Reuters )

Radiation in tunnel water at Japan plant 10,000 times over normal

Thu Mar 31, 2011 3:08pm GMT

TOKYO, March 31 (Reuters) - Radiation in water of an underground tunnel outside a turbine building of No.2 reactor at Japan's crippled nuclear complex was more than 10,000 times above normal levels in reactors, the plant operator was quoted by Kyodo news agency as saying on Thursday.

The operator also found radiation in groundwater near a turbine building of the No.1 reactor of the Fukushima Daiichi plant, Kyodo added. And an abnormal level of radioactive caesium has been found in beef from the area, it said. (Reporting by Yoko Nishikawa and Kiyoshi Takenaka,
sourced Reuters)

Costs the key for Europe steel outlook-Fitch


Thu Mar 31, 2011 3:45pm GMT

* Non-integrated steel makers face higher raw material costs
* Auto, engineering demand healthy, construction weaker
* Fitch sees European steel demand up 5-6 pct in 2011

PARIS, March 31 (Reuters) - The performance of European steel makers this year will be shaped by their ability to pass on higher raw material costs and by contrasting growth in the industries they supply, a Fitch analyst said on Thursday.

"Possibly the biggest issue for steel producers this year is their ability to pass through costs," Peter Archbold, European head of basic materials at Fitch Ratings, told reporters.

The price of most mining commodities was expected to be higher on average this year because of supply tensions, with coking coal expected to be the most bullish following floods in Queensland, Australia, that have cut output, he said.

"There is going to be some margin pressure for non-integrated companies," he said, stressing that steel demand was not as strong as in 2006-08 when producers were in a better position to pass on rising raw material costs.

However, conditions for steel makers would also depend on demand from different industries, he said, noting that while Thyssenkrupp (TKAG.F: Quote) did not have integrated mining activities it was benefiting from brisk demand from the German car industry, one of Thyseenkrupp's main outlets.

Fitch expected steel demand from the automotive sector in Europe to rise by 5-6 percent this year, in line with its outlook for overall growth in European steel demand.

Demand growth would be faster in mechanical engineering, a key sector in Germany, at 7-8 percent but much weaker in construction at 1-2 percent, he said.

Fitch sees 2011 global steel demand rising by 6-10 percent.

The European steel sector as a whole was expected to continue this year its "progressive recovery", which has seen output climb back up to 80 percent of 2007 levels, lagging the global market which has already reached pre-crisis levels, driven by Chinese production, Archbold said.

The pushing through of production costs should support steel prices in Europe, he added.
(Reporting by Gus Trompiz, sourced :Reuters)

Anti-nuclear march in Tokyo, Japan




A protester shouts slogans during an anti-nuclear march in Tokyo, Japan, March 31, 2011.(Xinhua/Ji Chunpeng)

Two hurt in parcel bomb at Swiss nuclear lobby


Thu Mar 31, 2011 10:48am GMT

* Two women taken to hospital with
minor injuries
* Swiss suspended nuclear power
approvals over Japan
* Greenpeace holds anti-nuclear rally in Olten

By Christian Hartmann

OLTEN, Switzerland, March 31 (Reuters) - Two people were injured when a parcel bomb exploded in the offices of the Swiss nuclear lobby on Thursday, police said.

The two female employees of Swissnuclear were taken to hospital with superficial burns and hearing damage, a police spokesman said, adding police did not yet know who had sent the parcel.

Police cordoned off the office of Swissnuclear on the fourth floor of a building in the northern town of Olten. The police spokesman said they had forensic specialists on the ground.

Earlier this month, Switzerland suspended the approvals process for three new nuclear power stations so that safety standards could be reviewed after Japan's earthquake and tsunami damaged the Fukushima nuclear power plant.

Swissnuclear says it works to promote the safe and efficient use of nuclear power and represents Swiss utilities Alpiq, Axpo, BKW, CKW and EGL, which run the nuclear plants that produce about 40 percent of Swiss electricity.

Olten is also home to the headquarters of Alpiq, where about 50 Greenpeace protestors held a demonstration on Thursday calling for the company to withdraw its application to build a new nuclear plant.

A police spokesman said they were examining whether there was any connection between the explosion and the demonstration.

Greenpeace said it had nothing to do with the attack. "We are shocked that such action can be used for political purposes. Greenpeace is committed to non-violent protest," said energy campaigner Florian Kasser.

The centre-left Social Democrats and the Greens are calling for Switzerland to abandon nuclear power after the Japan disaster but Energy Minister Doris Leuthard has cautioned against a hasty decision, warning that would mean more gas power stations which would lead to a rise in carbon emissions.

In 1990, Swiss voters backed a 10-year moratorium on the building of nuclear power plants but they rejected extending the freeze in 2003, opening the way for the government to consider new plants to replace those that need retiring.

Last month, voters narrowly approved the building of a new plant in Muehleberg to replace the old one there, 20 percent owned by Germany's E.ON.

(Additional reporting by Sven Egenter in Zurich, writing by Emma Thomasson; Editing by Janet Lawrence, sourced Thomson Reuters)

France urges world nuclear review after Japan crisis


Thu Mar 31, 2011 10:24am GMT

By Chizu Nomiyama and Chisa Fujioka

TOKYO (Reuters) - French President Nicolas Sarkozy called on Thursday for a reform of global nuclear standards by the end of the year during a first visit by a foreign leader to Japan since the earthquake and tsunami that triggered its atomic disaster.

Group of 20 chairman Sarkozy said France wants to host a meeting of the bloc's nuclear officials in May to fix new norms in the wake of the crisis at Japan's Fukushima Daiichi plant.

Japan's Prime Minister Naoto Kan supported the idea.

"In order to avoid recurrence of such an accident, it is our duty to accurately share with the world our experience," he said at a joint news conference.

The world's worst atomic crisis since Chernobyl in 1986 is proving hard to contain and has forced an international re-think of the benefits and safety of nuclear power.

It has also compounded an agonizing moment for the Asian nation after the quake and tsunami left more than 27,500 people dead or missing and caused damage that may top $300 billion (186 billion pounds).

First data on the economic impact of the March 11 disasters showed manufacturing slumped the most on record this month as factories shut and supply chains were disrupted, especially in the car and technology sectors for which Japan is renowned.

France, the world's most nuclear-dependent country, is taking a lead in assisting Japan. As well as Sarkozy's show of solidarity by his personal presence, Paris has flown in experts from state-owned nuclear reactor maker Areva.

"Consider me your employee," Areva Chief Executive Anne Lauvergeon told Japanese officials.

The United States and Germany have weighed in too, offering robots to help repair the damaged nuclear plant.

In a worrying development in Switzerland, two female employees were injured when a parcel bomb exploded in the offices of the local nuclear lobby, police said. It was not known who sent it.

Switzerland has frozen the approvals process for three new nuclear stations pending a safety review after Japan's disaster.

Pressure has been growing on Japan to expand the evacuation zone around the Fukushima Daiichi plant where radiation hit 4,000 times legal limits in nearby sea and hindered the battle to contain the world's worst atomic crisis since Chernobyl.

Both the U.N. nuclear watchdog and Japan's own nuclear safety agency have advised Kan to consider widening the 20-km (12-mile) zone round the plant on the northeast Pacific coast.

High radiation was detected at twice that distance away.

Government officials are pleading for Japanese, and the world, to avoid overreaction to what they say are still low-risk levels of radiation away from the plant.

HIGH RADIATION

More than 70,000 people have been evacuated from the 20-km ring. Another 136,000 who live in a 10-km (6-mile) band beyond that have been encouraged to leave or to stay indoors.

U.N. body, the International Atomic Energy Agency (IAEA), said radiation at Iitate village, 40 km (25 miles) from the plant, exceeded a criterion for evacuation.

Japan's chief Cabinet Secretary Yukio Edano said the government was reviewing the issue daily but "at this moment, no decision to expand the evacuation area has been made".

Consistently high levels of radiation found in the sea near the complex could mean radiation is leaking out continuously, Japan's nuclear watchdog said. The source is still unknown, adding to the headaches for engineers on the site.

Radioactive iodine in seawater near drains running from the plant was 4,385 times more than the legal limit, the highest recorded so far during the crisis.

In a sign of the extraordinary times Japan is living, one newborn baby's first medical appointment was not with a paediatrician but a Geiger counter.

"I am so scared about radiation," Misato Nagashima said as she took her baby Rio, born four days after the earthquake and disaster, for a screening at a city in Fukushima prefecture.

Concern over radiation beyond Japan grew further after Singapore detected radiation nine times the limit in cabbages from Japan, while the United States reported "minuscule" levels of radiation in milk samples on its west coast.

Contaminated milk was one of the biggest causes of thyroid cancers after the 1986 nuclear accident in Chernobyl because people near the plant kept drinking milk from local cows.

Several nations have banned milk and produce from areas near the damaged nuclear plant, 240 km (150 miles) north of Tokyo. Japan has itself stopped exports of vegetables and milk there.

While food makes up only 1 percent of Japan's exports, the nuclear emergency poses a risk to an economy burdened with public debt twice the size of its $5 trillion dollar economy and a fast ageing population.

Japan has called on World Trade Organisation nations not to impose "unjustifiable" import curbs on its goods.

LENGTHY BATTLE

Experts say the battle to control Fukushima's six reactors could take weeks, if not months, followed by a clean-up operation that may drag on for years.

Plant operator Tokyo Electric Power Co could face compensation claims of up to 11 trillion yen (82 billion pounds) -- nearly four times its equity -- if the nuclear crisis drags on for two years, an analyst at Bank of America Merrill Lynch said.

As operators struggle to regain control of the damaged reactors, nuclear experts said the continued lack of a permanent cooling system was hindering efforts to cool down fuel rods.

Workers have been forced to pump in seawater to cool the rods, but this creates contaminated seawater around the stricken plant and is making it difficult to reconnect the plant's internal cooling system which contains radiation.

Radiation readings around the evacuation zone vary widely.

Daily readings published by the government show that 30 km (19 miles) northwest of the reactors levels are climbing up to 42 microsieverts per hour, about 6 times the cosmic radiation experienced during a Tokyo-New York flight.

Elsewhere at that distance around the reactor it is just 1.0-1.2 microsieverts per hour.

A Reuters reading in downtown Tokyo on Thursday showed a radiation level of 0.18 microsieverts per hour. This is still quite low by global standards as Japan has lower levels of natural background radiation than other places.

(Additional reporting by Chisa Fujioka, Kiyoshi Takenaka and Chizu Nomiyama in Tokyo, Dave Dolan in Fukushima City, Ben Gruber in Koriyama and Sylvia Westall and Fredrik Dahl in Vienna, and Andrew Callus in Geneva; Writing by Michael Perry and Andrew Cawthorne; Editing by John Chalmers, sourced : Reuters)

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Airstrikes killed 40 civilians in Tripoli-Vatican official



Thu Mar 31, 2011 9:56am GMT

ROME (Reuters) - At least 40 civilians have been killed in airstrikes by Western forces on Tripoli, the top Vatican official in the Libyan capital told a Catholic news agency on Thursday citing witnesses.

"The so-called humanitarian raids have killed dozens of civilian victims in some neighbourhoods of Tripoli," said Giovanni Innocenzo Martinelli, the Apostolic Vicar of Tripoli.

"I have collected several witness accounts from reliable people. In particular, in the Buslim neighbourhood, due to the bombardments, a civilian building collapsed, causing the death of 40 people," he told Fides, the news agency of the Vatican missionary arm.

Libyan officials have taken foreign reporters to the sites of what they say were the aftermath of western air strikes on Tripoli but evidence of civilian casualties have been inconclusive.

Western powers say they have no confirmed evidence of civilian casualties.

(sourced: Thomson Reuters)

KPCL to import one million tons of 6300 GAD COAL


Thu, March, 2011

Karnataka Power Corporation a state utility of Karnataka, India called for open tender for supply of one million tons of 6300 Kcal/kg coal on air dried basis on delivered basis. The delivery of first cargo should starts from June this year. The supplier must supply atleast 100,000 MT of every month starting from June 2011.

This coal supply is destined for its 1,720MW Raichur thermal power station(RTPS) in Raichur Karnataka. Due to short of domestic coal linkage to RTPS, the KPCL has to resort to higher usage of imported coal.

Earlier in 2010 due to acute shortage of domestic coal RTPS has concluded two imported coal tenders of 900K MTs and 500K mts respectively.

Both the tenders have been bagged by Nagpur based Gupta Coal Corporation, an Indian coal trading company and the contracts are under execution. According to a coal trader based in Karnataka, the existing tender was awarded at US$ 67 per MT on delivered basis for 6300 GAD kacal/kg coal with 16 percent total moisture.

The current Indonesian coal prices with 6300 kcal/kg on air dried basis and 16 percent is being offered high eighties from medium scale suppliers are high nineties or hundred plus from premium scale suppliers.

A prorata penalties are applicable for Gross calorific value and total sulphur and weight basis penalties are applicable for Ash content, Total Moisture and size.

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Iron Ore-ShFE rebar ends flat; spot ore up on freight hike


Thu Mar 31, 2011 7:41am GMT

By Nick Trevethan

SINGAPORE, March 31 (Reuters) - Shanghai steel rebar futures rose 0.4 percent on Thursday, on course for a loss of around 1.5 percent on the quarter, while iron ore indexes gained on the prospect of costlier freight charges for Indian ores.

The most active rebar contract on the Shanghai Futures Exchange, October, rose 19 yuan to 4,813 yuan a tonne by 0140 GMT, reversing the previous session's losses.

The contract remains near an eight-session high, having hit a four-month low of 4,627 on March 22, but is down 1.5 percent this quarter.

Late Wednesday, Baoshan Iron & Steel , China's top listed steelmaker, posted an 8.3 percent rise in quarterly profit, and said it expected growth in global steel demand to slow this year. [ID:nB9E7EP00X]

"The important thing to note is that it's growing, not slowing. Maybe it's not growing as quickly as before but the rates we saw in 2009 and 2010 were unsustainable, built on all that stimulus money," said a trading source in Sydney.

"It looks like demand growth will moderate. We still have a bit of an inventory hump to get over, which in the short term may cap steel prices, in particular in China and even cause a lull in iron ore demand in the next three to six months, but it's temporary."

Key iron ore indexes, based on spot transactions in China, rose sharply on Wednesday.

India's iron ore exports fell for the eighth straight month in February because of a continuing ban on shipments by its key Karnataka state and exports are likely to face further pressure as the country hikes freight rates again.

Exports from the world's No. 3 iron ore supplier dropped 18.6 percent from a year ago to 10.137 million tonnes in February, data from the Federation of Indian Mineral Industries showed on Wednesday.

In addition, Indian Railways said it will impose a "busy season" charge of 7 percent on iron ore freight rates from April 1 to June 30 and from Oct. 1 to March 31.

Platts 62 percent iron ore index IODBZ00-PLT jumped $5.50 cents to $175 a tonne, including freight, and the Steel Index's 62 percent benchmark .IO62-CNI=SI gained $2 to $170.50.

Metal Bulletin's 62 percent gauge .IO62-CNO=MB rose $1.74 to $169.71. (Editing by Himani Sarkar)
Tags : steel plant, steelmaking, Chinese iron ore market, raw material, busy season charge, levy on coal and coke

Sinosteel and Gindalbie start Australia iron ore shipments


Thu Mar 31, 2011 3:49am GMT

SYDNEY, March 31 (Reuters) - Australia's Gindalbie Metals and Chinese metals group Sinosteel will start shipping iron ore to China on Thursday at a rate of 60,000 per month for eight months, Gindalbie said on Thursday.

Two-thirds of the ore will come from Sinosteel's Koolanooka mine, operated by an Australian subsidiary and the rest from Gindalbie's newly-developed Karara mine under an agreement reached earlier this year, a Gindalbie spokesman said.

Both mines are located in west Australia's Mid West region around 1,000 km (600 miles) south of the traditional Pilbara iron belt dominated by major producers Rio Tinto , BHP Billiton and Fortescue Metals Group , which this year are forecast to ship a combined 500 million tonnes.

High-grade Karara hematite lump ore is currently being loaded onto the Panamax vessel, M.V. "Ju Da", which is scheduled to sail for China on Thursday evening, according to Gindalbie.

Tags : iron ore shipment to China, raw material, steelmaking

China Coking Coal Supplies In Shortage During 2011

Thu Mar 31, 2011 11:30

China's coking coal output this year would amount to 513 million tons while its consumption would be 569 million tons, resulting in a supply shortage of 56 million tons. China and India have replaced South Korea and Japan as the world's largest importers of coking coal, suggesting the international prices of such a raw material will continue an upward movement in the medium and long run.

China's reserves of coking coal account for only 21.9 percent of its total coal resources. Shanxi harbors 52.4 percent of the country's total coking coal reserves and produces a third of the country's total coking coal. The import volumes of coking coal into China are forecast to increase by 10 percent this year, lower than the staggering growth rate of 37.3 percent in 2010. Soaring oil prices, a weaker dollar and the resources tax reform in Australia will push the international prices of coking coal even higher this year. (sourced:Indiainfoline)