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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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Wednesday, 01 September 10
JAKARTA TO HOST MAJOR INTERNATIONAL MINING EVENT
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
Tuesday, 31 August 10
CIL MAY SET UP POWER PLANT TO UTILIZE EXCESS COAL
The Economic Times reported that, the world's largest coal producer Coal India Ltd (CIL) said it may consider setting up power plants in the countr ...
Tuesday, 31 August 10
NALCO SEEKS STAKES IN INDONESIAN COAL MINES
Economic Times reported that, National Aluminium Co. Ltd said on Tuesday it wants to buy stakes in Indonesian coal mines to secure supplies fo ...
Tuesday, 31 August 10
CAPESIZE RATES ON VOLATILE MOVEMENT
With Monday a holiday for London’s stockmarket (Bank Holiday), the dry bulk market took a breather before presenting ship owners and charterer ...
Monday, 30 August 10
MUNDRA PORT BEGINS OPERATIONS AT NEW TERMINAL IN GUJARAT
Economic Times reported that, Adani group firm Mundra Port has commenced operations at its 20-million tonnes port at Dahej in Gujarat, the company s ...
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- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- White Energy Company Limited
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Australian Coal Association
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Sakthi Sugars Limited - India
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
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