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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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Thursday, 20 January 11
DRY BULK MARKETS FALL SEES NO END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Pundits indicating that the dry bulk market’s sentiment remains weak were justified, as the industry’s benchmark, the Baltic Dry Index ( ...
Wednesday, 19 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...
Tuesday, 18 January 11
MINISTRY SEEKS COAL FROM INDONESIA - SUNDAY OBSERVER
Sunday Observer reported that, Ministry of Power and Energy is to explore the possibilities of importing quality coal from Indonesia.
Minister Pa ...
Tuesday, 18 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...
Sunday, 16 January 11
STANCHART GLOBAL RESEARCH SEES COAL PRICE RISING ON SUPPLY DISRUPTION - BURSA MALAYSIA MARKET NEWS
Bursa Malaysia Market News reported that, Standard Chartered Global Research has upgraded its 2011 forecasts for global thermal coal prices based on ...
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- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Economic Council, Georgia
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Australian Coal Association
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Planning Commission, India
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
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