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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, 07 January 11
SRI LANKA NEW PORT TO OFFER SHIP FUEL IN MAY - LBO
LOB reported that, The Sri Lanka Ports Authority (SLPA) plans to start bunkering or ship fuel operations at a new port in southern Hambantota in May ...
Friday, 07 January 11
DRY BULK MARKET ON A FREEFALL, AS THE NEW YEAR EARLY DAYS DONT BRING MANY CHEERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is facing its worst slump in more than two years, falling by 4.75% yesterday to reach 1,544 points, on top of an additional 4.2% ...
Thursday, 06 January 11
OVERSEAS & GENERAL SIGNS AGREEMENT TO EXPAND FOOTPRINT ON COAL LEASE IN INDONESIA - PROACTIVE INVESTORS
Proactive Investors reported that, Overseas & General (ASX: OGL) has entered into a joint operating agreement on the Jambi Coal Lease in Sumatra ...
Thursday, 06 January 11
BANPU EXPECTS ROSY 2011 AS COAL PRICES SKYROCKET - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, expects minimal impact from the production stoppage at its Daning mine in China ...
Thursday, 06 January 11
COKING COAL CONTRACT PRICE MAY RISE 33% ON AUSTRALIAN FLOODS - BLOOMBERG
Bloomberg reported that, Steelmakers in Asia may be forced to pay as much as 33 percent more for hard coking coal after the worst floods in 50 years ...
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- CIMB Investment Bank - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
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