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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, 31 December 10
STC TO FINALIZE 12 MILLION MT OF COAL IMPORT CONTRACT TO TWO INDIAN AND A DUBAI BASED COAL TRADER - SOURCES
COALspot.com - World's single largest coal import tender floated by STC on behalf of state utility NTPC to finalize its suppliers or already finali ...
Thursday, 30 December 10
DRY BULK MARKET STAYS SUBDUED AT THE END OF 2010 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dy bulk market failed to cheer ship owners across the board as the year draws to an end, thus bringing mixed feelings ahead of 2011. On one hand ...
Thursday, 30 December 10
KANGAROO RESOURCES BUYS INDONESIAN COAL COMPANY
Australian-listed Kangaroo Resources Ltd. said Wednesday it will buy 99% of the Pakar thermal coal project in East Kalimantan, for A$277 million thr ...
Wednesday, 29 December 10
WEATHER IMPACTS RIO TINTO COAL AUSTRALIAS QUEENSLAND OPERATIONS
Press Release - As a result of severe monsoonal rain in central and northern Queensland, force majeure has been declared on coal sales contracts fro ...
Monday, 27 December 10
ANALYSIS: CHINA'S COAL PRODUCTION MISMATCHED WITH DOMESTIC DEMAND
As reported by iStock Analyst, China's coal market has been trapped in a strange cycle. Large coal production bases are facing overcapacity, while ...
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- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
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