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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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Wednesday, 05 October 11
WITH CHINA ON HOLIDAY, DRY BULK MARKET REMAINS STAGNANT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has remained to healthy levels after last month’s rally, but with China going on holiday this week, things are looking sta ...
Tuesday, 04 October 11
INDONESIA RAISES COAL BENCHMARK (HBA) FOR FIRST TIME IN 4 MONTHS
COALspot.com - Indonesia raised the monthly reference price for sales in October by 2.56 percent, the first increase since June.
The Ministry of ...
Tuesday, 04 October 11
COAL MINING GROUP WANTS EXPORT TAX, NOT EXCISE - JG
One of the leading English news paper in Indonesia, The Jakarta Globe reported that, the government shall reimpose a duty on coal exports, classifyi ...
Sunday, 02 October 11
INDIAN COAL IMPORTS PICKED UP - CAPT. REDDY
COALspot.com - The BDI dropped by 1 pct and Cape index dropped by 6 pct closing at 1,899 points and 3,136 points respectively. However all other seg ...
Saturday, 01 October 11
2012 TO BE ANOTHER CHALLENGING YEAR - CEO, REMI MARITIME
Shipowners are facing another challenging year in 2012 said Mr. Leonidas Polemis CEO of Remi Maritime Corporation, urging caution towards operating ...
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- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Marubeni Corporation - India
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- Planning Commission, India
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- The University of Queensland
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Australian Coal Association
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Minerals Council of Australia
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
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