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Friday, 16 April 10
RBCT COAL DISPUTE RESOLVED - MININGMX
 Miningmx reported that, the long-simmering spat over the coal allocation for producers who will use the expanded facilities at Richards Bay Coal Terminal appears to have reached resolution, with an agreement to be ratified shortly, participants said on Thursday.
At the heart of the dispute was the allocation of limited coal deliveries for the Phase 5 expansion, which lifts RBCT’s export capacity to 91 million tonnes a year. However, the rail utility, Transnet Freight Rail, has capacity for just 65 million tonnes and any allocation to newcomers would have to come out of existing members tonnages.
Existing members of RBCT had to give up a portion of their rail allocation to ensure the producers earmarked to use Phase 5 could get coal to the port, a process which proved difficult to conclude. It is one that had to be reached though to ensure black economic empowerment miners had access to relatively lucrative export markets.
“The settlement is a compromise on the part of both parties and like all good compromises neither party is particularly happy,” said Trevor McGiddy, CEO of SDCT, which has spent R480m towards the R1.2bn Phase 5 expansion that adds 15 million tonnes to annual RBCT capacity.
At full export capacity of 91 million tonnes, the SDCT group, which comprises Exxaro Resources, E/Enterprises and Anker Coal, would have an allocation of six million tonnes out of the 15 million tonnes, which would enable them to recoup their investment in the expansion.
“Of course TFR is not at that 91 million tonnes level so our allocation in the short term until they get there is dependent on their performance,” McGiddy said.
If TFR manages to rail 65 million tonnes, the allocation to the participants in Phase 5 would be around four million tonnes, of which SDCT would have 1.75 million tonnes. “We’ve all had to bite the bullet on this one,” McGiddy said. “The financial model looks significantly different from when we first started the project.”
TFR railed 61 million tonnes in 2009 and expectations it will lift this to 65 million tonnes this year.
Work has progressed on TFR raising haulage capacity to 85 million tonnes as the first step towards reaching 91 million tonnes. “There is a strong cooperation between the coal industry and TFR,” he said.
The industry hope is that TFR will reach that 85 million tonnes level within four years.
Raymond Chirwa, CEO of RBCT, said in a recent presentation that of the 91 million tonnes, BEE companies would have a dedicated allocation of nearly 29 million tonnes or 32%.
The Phase 5 expansion, which is about a year behind schedule, will be commissioned on 1 May 2010.
Chirwa told Miningmx all the issues that had delayed the commissioning, including computer control systems, had been resolved and the expansion was good to go.
Source: Miningmx
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Thursday, 20 October 11
CAPESIZE - TUBARAO /QINGDAO BEING FIXED AT STRONG US$ 29.75 PMT
Handy
The Atlantic market is quite steady, and market seems to be around the same levels as last week. Fewer fixtures reported though. ...
Thursday, 20 October 11
BRACKEN INTERNATIONAL MINING LISTS ON FRANKFURT STOCK EXCHANGE
Press Release - Bracken International Mining (Code:1BM) listed on the Deutsche Börse’s Frankfurt Stock Exchange today at €1.00 with ...
Thursday, 20 October 11
CAPESIZES, SUPRAMAXES LEAD GAINS FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Struggling to find additional support, but still managing to post gains, the dry bulk market has stabilized itself on higher levels again yesterday, ...
Wednesday, 19 October 11
METALLURGICAL COAL PRICES TO DROP BELOW US$240/TONNE - WOOD MACKENZIE
Wood Mackenzie Says Metallurgical Coal Prices to Drop Below US$240/tonne by Q4 2012 But Long-term Demand Fundamentals Remain Robust
Wood Mackenzi ...
Wednesday, 19 October 11
SUPRAMAX MARKET WAS VERY FIRM LAST WEEK - BRS
With all sectors contributing positively, the BDI ended the week at 2,173 points (+8.6%), its highest level so far in 2011. The BCI stood at 3,587 ( ...
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- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- GMR Energy Limited - India
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- The University of Queensland
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- ASAPP Information Group - India
- Indian Energy Exchange, India
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- White Energy Company Limited
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Parliament of New Zealand
- Indika Energy - Indonesia
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