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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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Thursday, 18 November 10
MUNDRA PORT AWARDED BEST PRIVATE PORT - COMMODITY ONLINE / HELLENIC SHIPPING
Adani Group owned, Mundra Port has been awarded the Annual Indian Maritime Gateway Award for the Best Private Port of the Year for the third consecu ...
Wednesday, 17 November 10
DRY BULK MARKET LOOKING FOR SUPPORT IN COAL TRADES AND INDIAN IRON ORE EXPORTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Nikos Roussanoglou, Hellenic Shipping reported that, the dry bulk market is lacking support to end its 13-day slide, as evidenced by Monday’s ...
Tuesday, 16 November 10
'VALLAR PLC' TO BECOME 'BUMI PLC' POST DEAL - THE JAKARTA POST
The Jakarta Post reported that, The United Kingdom’s Vallar Plc will change its name to Bumi Plc following a cash and stock transaction with t ...
Tuesday, 16 November 10
ROTHSCHILD BUYS INDONESIAN COAL STAKES FOR $3 BILLION - BLOOMBERG
Bloomberg reported that, Nathaniel Rothschild, the only son of U.K. financier Jacob Rothschild, agreed to invest $3 billion in two Indonesian coal c ...
Sunday, 14 November 10
THE FREIGHT MARKET CONTINUED ITS DOWN FALL - VISTAAR SINGAPORE
COALspot.com: The freight market continued its down fall with BDI down by 7.29 pct and closed at 2,313 points.
All other segments were also under ...
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- Interocean Group of Companies - India
- Bhatia International Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Planning Commission, India
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- PTC India Limited - India
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
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