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.
|
|
Saturday, 08 January 11
DIFFICULT YEAR FOR SHIPPING - TRANSPORT WEEKLY
Transport Weekly reported that, Shipping Corporation of India (SCI) chairman Sabyasachi Hajara says 2011 will be a difficult year because an excess ...
Saturday, 08 January 11
AUSTRALIAN FLOODS MAY BOOST RIS COAL SALES - THE JAKARTA POST
The Jakarta Post reported that, Floods inundating Queensland have disrupted Australian coal production, and in turn may offer opportunities for Indo ...
Saturday, 08 January 11
GOVERNMENT REMAINS CAUTIOUS OVER FOREIGN INVESTMENT IN MINING SECTOR - THE JAKARTA GLOBE
The Jakarta Globe reported that, The government expects $3.2 billion of investment to flow into the mining sector this year as foreign investors tur ...
Friday, 07 January 11
14 LARGE-SCALE COAL BASES TO BE BUILT DURING 12TH FIVE-YEAR PLAN - GLOBAL TIMES
During the Twelfth Five-Year Plan period (2011-2015), China aims to build 14 large-scale coal bases, and annex and restructure 20 coal bases in orde ...
Friday, 07 January 11
JSW ENERGY LTD OF INDIA IS LOOKING FOR 45 MILLION TONS OF STEAM COAL FOR 25 YEARS
COALspot.com - Supply of 1.80 mmt (+/- 10%) of steam coal per annum for power plants at Toranagallu and Jaigad.
Accordign to JSWE's websit ...
|
|
|
Showing 5441 to 5445 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Australian Coal Association
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- White Energy Company Limited
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Parry Sugars Refinery, India
|
| |
| |
|
