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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, 25 August 10
BUKIT ASAM OUT TO BECOME BIGGEST COAL PRODUCER
The Jakarta Post reported that, State-owned PT Batubara Bukit Asam Tbk intends to become the country's biggest coal producer in 2016 with productio ...
Wednesday, 25 August 10
GOVT SHOULD ALLOW DUTY-FREE IMPORT OF THERMAL COAL: ASSOCHAM
Industry body Assocham Wednesday said the government should allow duty free import of thermal coal to bring down power tariffs in the country.
&q ...
Wednesday, 25 August 10
INDIAS ADANI GROUP TO BUILD COAL RAILWAY IN INDONESIA
COALspot.com: India’s Adani Group, Indonesia’s state coal producer PT Tambang Batubara Bukit Asam (PTBA), and the South Sumatra provinci ...
Wednesday, 25 August 10
CME GROUP WILL LAUNCH NEW COAL CONTRACTS
Press Release: CME Group, the world’s leading and most diverse derivatives marketplace, today announced the launch of trading and clearing ser ...
Tuesday, 24 August 10
INDIA IMPORTS 1.3 MILLION TONS COAL LAST WEEK
COALspot.com: India has imported 1.3 million tons of non - Coking coal and 468,229 Mt of coking coal for the period 16 - 22 August 2010 ...
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- Timah Investasi Mineral - Indoneisa
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- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Economic Council, Georgia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
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- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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- MS Steel International - UAE
- India Bulls Power Limited - India
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- Kumho Petrochemical, South Korea
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- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
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- Parry Sugars Refinery, India
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- Billiton Holdings Pty Ltd - Australia
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- Coalindo Energy - Indonesia
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- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Parliament of New Zealand
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- Star Paper Mills Limited - India
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- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- SMC Global Power, Philippines
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- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- The University of Queensland
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- Mintek Dendrill Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
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- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
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- Bulk Trading Sa - Switzerland
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- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Australian Coal Association
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- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
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- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
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- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
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- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
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