We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Sunday, 31 July 11
CAPES ARE TRADING BELOW $ 9500 PER DAY - VISTAAR
COALspot.com - The BDI further softened by 4.46 pct and closed at 1264 points which touched below 1300 points after long time. The Cape and Panamax ...
Friday, 29 July 11
5300 ADB COAL WILL BE AT US$ 60/TON IN THIS QUARTER - RAIN
COALspot.com - PT Resource Alam Indonesia Tbk (KKGI) seeing the average selling price of its coal for the third quarter of this year will increase t ...
Thursday, 28 July 11
PTBA'S COAL PRICES UP IN H1 2011
COALspot.com - Bukit Asam’s coal prices in the second half of 2011 will expected to be higher than the first half of this year, said Sukrisno, ...
Thursday, 28 July 11
RESOURCE ALAM 1H PROFIT SURGES 208 PERCENT
Indonesia's tenth largest coal miner in term of concessions, PT Resource Alam Indonesia (KKGI), part of Rain Group, today reported a skyrocket net ...
Thursday, 28 July 11
DRY BULK MARKET EDGES FURTHER DOWN ON ADDED PRESSURE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Baltic Dry Index (BDI), an indicator of dry bulk freight rates has reached new lows this week, with yesterday’s session ending further dow ...
|
|
|
Showing 5166 to 5170 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Power Finance Corporation Ltd., India
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- PTC India Limited - India
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Malabar Cements Ltd - India
- MS Steel International - UAE
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Electricity Authority - India
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Parry Sugars Refinery, India
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
|
| |
| |
|
