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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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Monday, 13 December 10
ICE FUTURES EUROPE TO LAUNCH IHS MCCLOSKEY INDONESIAN SUB-BITUMINOUS FOB MARKER COAL CONTRACTS - MONDOVISIONE
Mondovisione reported that, IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over ...
Monday, 13 December 10
NALCO TO START WORK ON RS 18K CR ($ 4,010,695,091) INDONESIAN PROJECT BY JUNE - MSN
MSN reported that, State-owned NALCO today said it has selected UAE-based RAK Minerals as JV partner for its Rs 18,000 crore (US$ 4,010,695,091 ...
Monday, 13 December 10
DEUTSCHE BANK RAISES COAL FORECASTS ON MARKET SHORTAGE - BLOOMBERG
Deutsche Bank AG raised price forecasts for thermal coal by as much as 17 percent on expectations that a shortage of the fuel will widen over the ne ...
Monday, 13 December 10
K SERA SERA TO SPEND RS325CR TO BUY COAL,OIL & GAS FIRMS STAKE - LIVE MINT
The company might have to dole out around Rs 225 crore (US$ 50,122,522) for picking up the majority stake in the coal mine in Indonesia and around R ...
Thursday, 09 December 10
OVERSUPPLY OF SHIPS BOUND TO KEEP DRY BULK FREIGHT RATES SUBDUED DURING 2011 SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
An oversupply of vessels is expected to keep freight rates from flying as high as in recent years said a relative shipping report from BIMCO’s ...
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- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Bhatia International Limited - India
- Planning Commission, India
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Australian Coal Association
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
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