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Showing posts with label Wed Mar16 2011. Show all posts
Showing posts with label Wed Mar16 2011. Show all posts

Wednesday, March 16, 2011

Japan's nuclear crisis

Wed Mar 16, 2011 1:23pm GMT

TOKYO, March 16 (Reuters) - Following are main developments after a massive earthquake and tsunami devastated northeast Japan and crippled a nuclear power station, raising the risk of uncontrolled radiation.
* Japan's nuclear agency says military will help pump water at the No.3 reactor at the quake-damaged Fukushima Daiichi nuclear power complex in northeastern Japan, and for the spent fuel pool in No.4 reactor.

* Agency also says radiation levels outside the plant spiked around noon but fell back.

- A helicopter was unable to drop water to cool the No.3 reactor, probably because of the high radiation, Kyodo news agency said, quoting the defence minister.

- Police will attempt to cool No.4 reactor's spent nuclear fuel pool using a water cannon, NHK TV says.

- Japan's top government spokesman says radiation levels around the complex are not at levels to cause an immediate health risk.

- Tokyo is safe for international travellers, the Japanese Red Cross says.

- There is no evidence of a significant spread of radiation from Japan's crippled nuclear plants, the World Health Organisation says.

- Operator says it is unable to resume work cooling the reactors due to radiation risk. Workers ordered to leave the plant were allowed back in after radiation levels fall. Operator says there were 180 workers on site as of 0230 GMT.

- Fire breaks out at reactor No.4 a day after a blast blew a hole in the building housing spent fuel rods. White smoke seen from No.3 reactor most likely to be steam from the water that is being poured to cool the rods.

- No plan yet to extend evacuation zone near the facility, 240 km (150 miles) north of Tokyo.

- Australia urges its citizens with non-essential roles to consider leaving Tokyo and the most damaged prefectures, and Turkey warns citizens against travelling to Japan. France urges nationals living in Tokyo to leave country or move south.

- Radiation levels in Tokyo were 10 times normal at one point, but not a threat to humsan health, officials said.

- Japan's benchmark Nikkei average closes 4.5 percent up on Wednesday after suffering its worst two-day rout since 1987. The index surged over 6 percent at one point.

- Tens of thousands of people are still missing since Friday's quake and tsunami. About 850,000 households in the north without electricity in near-freezing weather. Death toll is expected to exceed 10,000. (Tokyo bureau; Compiled by World Desk Asia, Reuters)

Adani buys 1st Russian coal cargo

Mar7, 2011 8:35pm IST

New DelhiEW DELHI (Reuters) - Adani Enterprises has bought its first cargo of Russian coal in a bid to diversify its coal supply, Adani Coal and Carbon Credit Chief Executive Officer Vinay Prakash said on Monday.

Low freight rates particularly for capesize vessels were shrinking the difference in delivered costs for coal from origins such as South Africa, Colombia, Australia and Russia, allowing Indian importers to take a wider variety of coal, he said.

The March loading capesize cargo of low-sulphur coal will be shipped from a Pacific port by one of Russia's biggest exporters, he said.

He declined to name the Russian supplier.

The price was close to the current levels for South African coal, he added.

"We finalised our first Russian coal shipment yesterday," Prakash said.

"We have looked at taking panamax cargoes from Vostochniiy in the Pacific before but the freight was too high, in cape sizes it's much more viable," he added.

Prompt South African coal cargoes are currently trading at around $118-120 a tonne free-on-board Richards Bay. (Reporting by Jackie Cowhig,Reuters)

Tags ;Colombian coal, Australia, Pacific Port, South African coal price $118- 120 a tonne FOB Richards Bay

Coal production forecast to surge on rising prices- The Jakarta globe


Tuesday, 15 March 11

The Jakarta Globe reported that, Indonesia’s coal production is forecast to increase by 20 percent this year as coal prices continue to rise, according to the Indonesian Coal Mining Association.

Supriatna Suhala, executive director of the association, also known as the APBI, said the country’s coal production may reach 360 million tons this year, 6 percent more than the association’s original target of 340 million tons.

The country’s coal miners produced 300 million tons of coal last year, less than their original target of 320 million tons.

Unseasonably heavy rains generated by the La Nina climate phenomeon were widely blamed for disrupting all areas of mining, including coal and tin, two of Indonesia’s top exports.

“Coal prices keep increasing. This triggers coal miners to boost their production,” Suhala said on Monday. The association’s coal production target differs from that of the government, which set projected coal production at 275 million tons.

As of Friday, coal prices stood at $129.6 per ton, up slightly from the previous week’s price of $129.48 per ton, according to the Australian Newcastle Thermal Coal Index, which serves as a benchmark for Asia.

Suhala said coal prices would remain steady above $120 per ton this year. “As long as the economic condition keeps getting better, coal prices will keep steady at those levels,” he said.

He also said he expected demand for exports to grow, with demand from India and China projected to increase 15 percent as their economies grow at an 8 percent clip.

In light of Japan’s devastating earthquake and tsunami on Friday and the subsequent power shortages, Suhala said coal exports to Japan would increase as five nuclear power plants have been shut down following the disaster. Indonesia exports 45 million tons of coal to Japan annually, making it the top destination for Indonesian coal.

As of the first quarter this year, Suhala said, Indonesian coal miners produced an anticipated 80 million tons of coal, or around 22 percent of the total target of 360 million tons this year.

La Nina is not expected to affect coal production targets this year, he continued. “Weather is no longer a problem this year,” Suhala said.

Berau Coal, one of the country’s biggest coal miners, said coal production in the first quarter should remain on target for 5 million tons, according to Singgih Widagdo, a spokesman for Berau Coal.

“We are expecting to produce 20 million tons for the whole year,” Singgih told reporters on Monday. The company’s production so far is 12.5 percent of last year’s 17.5 million tons, he said.

Indonesia is home to several coal miners, including Bumi Resources, the world leader in thermal coal exports. (source The Jakarta Globe )

Tags:Newcastle coal, power plant, Indonesian Coal Mining Association
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Iran produces 11 million tonnes of crude steel in 11 months

Wednesday, 16 Mar 2011 |steel orbis

Iran's Ministry of Industries and Mines has announced that state owned steel plants in Iran produced 10.752 million tonnes of crude steel in the first 11 months of the current Iranian year up 11% YoY.

In the same period, Iran's state owned steel plants also produced 1.845 million tonnes of beams, 3.013 million tonnes of rebar, 5.338 million tonnes of hot rolled coil and about 401,000 tonnes of other finished steel products.

Jharkhand to take legal action against Tata Steel


Wednesday, 16 Mar 2011 | By ET

Jharkhand government would take legal action against TATA Steel for allegedly not paying rent on vast stretches of lease land in the state.

Jharkhand land and revenue minister Mr Mathura Prasad Mahato said that "We have decided to engage a 'good' advocate to initiate legal action them.”

His response came after Jharkhand Vikas Morcha (Prajatantric) legislative party leader Mr Pradip Yadav accused TATA Steel of violating lease rules affecting the exchequer.

The JVM-P MLAs, however, staged a walkout in protest against what they claimed unsatisfactory answer by the minister on their other demand a probe into the land renewal agreement between Jharkhand government and Tata Steel in 2005, which they alleged had resulted in a loss to the state exchequer.

S.Korea KORES says to develop Peru iron ore mines

Wed Mar 16, 2011 4:50am GMT

SEOUL, March 16 (Reuters) - Korea Resource Corp (KORES) said on Wednesday that it had signed an exploration contract to develop mines with 400 million tonnes of iron ore in Peru and secure a total stake of up to 40 percent in the mines.

(Reporting by Cho Mee-young; Editing by Jonathan Hopfner, sourced:Thomson Reuters)