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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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Friday, 03 September 10
NALCO, INDONESIAN FIRM DIFFER ON COAL SUPPLY TO SMELTER - DNA INDIA
A few days ago, National Aluminium Company (Nalco) advertised in Indonesian newspapers asking for companies to bid for coal supplies for its 500,000 ...
Thursday, 02 September 10
PLN ASKED TO USE LOCAL COAL
Tempo Interactive reportd that, the Indonesian Mining Association Executive Director, Priyo Pribadi, has called on the state-run electricity company ...
Thursday, 02 September 10
NALCO OPEN TO EQUITY DILUTION IN $3.9 BN PROJECT IN INDONESIA
Business-Standard reported that, state-owned Nalco today said it is considering selling stake in its $3.9 billion (over Rs 18,000 crore) aluminium p ...
Thursday, 02 September 10
DRY BULK MARKET GAINS MOMENTUM TO INCREASE, WITH CHINA ONCE AGAIN TO THE RESCUE
With predictions from Chinese officials stating that the country’s iron ore imports during 2010 could surpass the record amounts of 2009, the ...
Wednesday, 01 September 10
STC BAGS NTPC ORDER TO SHIP 12 MT COAL
My Digital FC reported that, The State Trading Corporation (STC) has bagged NTPC’s tender to ship 12 million tonnes coal from Ind&sh ...
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- PetroVietnam Power Coal Import and Supply Company
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Anglo American - United Kingdom
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- Minerals Council of Australia
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
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