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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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Sunday, 06 March 11
THE S6 ROUTE MAY CONTINUE TO BE FIRM - VISTAAR
COALspot.com - The freight market was firm this week with all indices up. The BDI , Cape Index and Panamax index was up by almost 9 pct where as Sup ...
Friday, 04 March 11
IRON ORE FROM INDIA HAS BEEN QUIET
Handy
Activity has been gradually rising in the Atlantic but it is mostly confined to the USG market. Short period basis redelivery Atlantic has b ...
Thursday, 03 March 11
TNPL INDIA LOOKING FOR 160,000 MT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. is seeking to import 160,000 plus minus 5 percent metric tons of non-coking coal with Gross Calo ...
Wednesday, 02 March 11
MIXED FORTUNES FOR DRY BULK OWNERS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although the dry bulk market has been on the positive side this week, things still look quite uncertain in the near term, with most owners puzzled a ...
Wednesday, 02 March 11
INDIA, 2ND LARGEST IMPORTER OF INDONESIAN COAL IN 2010
COALspot.com: Indonesia, the world largest coal exporter, shipped 24.68 million tons of coal in January 2011, which was 1.19 percent higher Y-o- ...
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- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- GMR Energy Limited - India
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Central Electricity Authority - India
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Indian Energy Exchange, India
- The Treasury - Australian Government
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
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