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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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Saturday, 23 July 11
FAR EAST /SE ASIA ROUTE GAINED US$ 3000 HIGHER THAN LAST WEEK - VISTAAR
COALspot.com - The BDI further softened to by 2.22 pct and closed at 1323 points. The Cape and Panamax index also softened and closed at 1841 points ...
Saturday, 23 July 11
PANAMAX MARKET FACED A LIMITED ACTIVITY IN ALL BASINS
Handy
Atlantic softening across all segments with little fresh enquiry ex Bsea/Cont/USG and ECSA. Trips to Far east remain healthy. More cargoes ex ...
Friday, 22 July 11
MARUBENI ACQUIRING 42.86% SHARE OF YTL JAWA POWER HOLDINGS
COALspot.com - Japan’s Marubeni Corporation acquisition 42.86% stake in YTL Jawa Power Holdings BV, which owns a 35% equity interest in Indone ...
Thursday, 21 July 11
INDIA IMPORTS 36.033 MILLION TONS OF INDONESIAN COAL TILL JUNE
COALspot.com - Indonesia shipped 28.27 Million tons of coal in June 2011, a 2.3 percent lesser than May export of about 28.962 million tons, I ...
Thursday, 21 July 11
COAL PRICES ARE AT US$ 120 A TONNE
COALspot.com - Indonesian coal production in 2011 is expected to reach 360 million tons or 5.8 percent higher than government's forecasts. The incr ...
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- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Economic Council, Georgia
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Australian Coal Association
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Planning Commission, India
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
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