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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 September 10
CIL IN TALKS WITH SHIPPING CORP TO FORM JV FOR COAL IMPORTS
Shipping Corporation of India, the largest domestic shipping liner, may form a joint venture with Coal India for coal imports, a top company officia ...
Monday, 13 September 10
FREIGHT MARKETS MAY BE A BIT SOFT THIS WEEK - VISTAAR SINGAPORE
COALspot.com: The freight market continued its upward trend with the BDI almost touching 3000 points. However the uncertainty seems to continue with ...
Friday, 10 September 10
INDONESIAN RAILWAY CONTRACT STILL UP FOR BIDDING - LOGISTICS WEEK
The tender process for a $2.2bn project to build a coal-transporting railway line in Central Kalimantan province, Indonesia, is still underway and n ...
Friday, 10 September 10
WCI INTO CHINA WITH IRON ORE ARE AIMING AROUND $ 20K - FEARNBULK
Handy
The rates are firm in every corner of the world. However it still looks Atlantic/Baltic/Black Sea offer better employment opportunities for ...
Thursday, 09 September 10
INDIANS BALCO TO BUY 50 K OF 3,000 TO 4,500 GAR CALORIFIC VALUE COAL
COALspot.com: Bharat Aluminium Company Limited (BALCO) is a subsidiary of Sterlite Industries (India) Limited and part of Vedanta Resources PLC, a L ...
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- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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