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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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Friday, 11 February 11
DRY BULK MARKET HEATING UP ON FRESH CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is on a high this week, with owners of smaller vessels turning their attention towards the spot market, in order to take advanta ...
Thursday, 10 February 11
SUPRA RATES IMPROVED A LITTLE OVER US$ 6K BSS N. CHINA DELIVERY FOR INDO-INDIA AND THAILAND ROUNDS - FEARNBULK
Handy
Atl is still weak with little fresh enquiry and an accumulation of spot tonnage.Owners are reluctant to send tonnage thru Suez due to uncert ...
Thursday, 10 February 11
BUKIT ASAM EXPECTS ABOVE RP 3 TRIO PROFIT
The state-owned coal miner PT Tambang Bukit Asam Tbk (PTBA) expects to reach 2011's net profit above Rp 3 trillion (US$ 336,322,568) from above Rp2 ...
Wednesday, 09 February 11
INDONESIA ALLOWED 60 COAL TRADING COMPANIES TO EXPORT COAL
COALspot.com - A temporary ban imposed on coal traders in January has lifted this week. As of today 60coal trading companies were allowed to resume ...
Tuesday, 08 February 11
INDIA'S SIMHAPURU TARGETS S.AFRICAN COAL - ECONOMIC TIMES
Economic Times reported that, India's Simhapuri Energy , a unit of the Madhucon Group , wants to buy new or existing collieries in South Africa fro ...
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- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- Australian Coal Association
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Mercator Lines Limited - India
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