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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, 09 September 10
INDONESIA SWAPS COAL FOR INFRASTRUCTURE - FT
As Asia’s major economies bound forward and their hunger for energy surges over the next decade, Indonesia is strategically positioned to take ...
Thursday, 09 September 10
DRY BULK MARKET IS LOOKING TO INCREASE GAINS ON OCTOBER IRON ORE CONTRACTS
The “success” story that the dry bulk market has been displaying during the past couple of weeks is being materialized as we head toward ...
Tuesday, 07 September 10
INDIA IMPORTS 1.63 MLN T OF COAL FOR THE PERIOD 30 AUGUST - 5 SEPTEMBER - SOURCES
COALspot.com: India has imported 1.07 million tons of power plant coal, 0.520 mln tons of coking coal and around 41,000 mt of Anthracite coal for th ...
Tuesday, 07 September 10
GOVERNMENT DECLARED INDONESIAN COAL PRICE REFERENCE DECLINE FOR THIRD-STRAIGHT MONTH
COALspot.com: Indonesian thermal coal price reference, a monthly benchmark price declared by Ministry of Energy and mineral resources of Repub ...
Tuesday, 07 September 10
MERCATOR TO BUY COAL MINE IN INDONESIA THIS FISCAL
Mercator Lines, India’s second-largest shipping company which has diversified into coal mining, will buy a coal mine in Indonesia with more th ...
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- TeaM Sual Corporation - Philippines
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- Ministry of Finance - Indonesia
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- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
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- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
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- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
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- Price Waterhouse Coopers - Russia
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- The University of Queensland
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- The State Trading Corporation of India Ltd
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- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
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- Alfred C Toepfer International GmbH - Germany
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- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
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- Planning Commission, India
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- Goldman Sachs - Singapore
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- CNBM International Corporation - China
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- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Minerals Council of Australia
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- Romanian Commodities Exchange
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- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
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- Heidelberg Cement - Germany
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- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
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- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
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- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
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- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
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