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.
|
|
Wednesday, 15 December 10
LARGE ORDERBOOK TO HINDER 2011 DRY BULK MARKET REBOUND DESPITE INCREASED DEMAND SAYS PARAGON SHIPPING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A large orderbook which currently stands at 53% of the existing fleet is expected to render 2011 another challenging year for the dry bulk marke ...
Wednesday, 15 December 10
SMALLER DRY BULK VESSELS ARE LOOKING UP, LARGER ONES FAIL TO DELIVER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market lost further ground at the beginning of the week, in what could prove one of the slowest periods ship owners have been faced. Ye ...
Tuesday, 14 December 10
COAL IMPORTS MAY INCREASE 78% TO CHINA, INDIA: ENERGY MARKETS - BUSINESS WEEK
Business Week reported that, China and India may increase imports of coal by 78 percent to 337 million metric tons next year, further driving up pri ...
Tuesday, 14 December 10
BANPU PLANNING PRODUCTION BOOM - BANGKOK POST
Australian, Indonesian output to lead growth
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, wants to nearly double its coal ...
Tuesday, 14 December 10
THE FREIGHT RATES FROM INDONESIA TO INDIA AND CHINA REMAINED FIRM - CAPT. REDDY
COALspot.com - The freight market continued to be soft with the Cape sector most effected which was down by 289 points and closed at 2,694 poi ...
|
|
|
Showing 5491 to 5495 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Parliament of New Zealand
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
|
| |
| |
|
