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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, 11 August 10
CAPESIZE MARKET ON RECOVERY MODE
The dry bulk market, usually dormant in August, has returned on a high note this week, after last week’s gains. Monday proved to be rather buo ...
Wednesday, 11 August 10
BANPU SECURES TAKEOVER LOAN - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, has secured loans worth US$2 billion from Thai and foreign banks to proceed with ...
Tuesday, 10 August 10
KOREA'S EWP TO BUY 4 MILLION TON OF 3700 AND 4600 NAR COAL AT FIXED PRICE
COALspot.com: Korean utility East-West Power out with the tender to buy 0.670 million tons with a minimum calorific value of 4600 NAR and 0.350 mill ...
Tuesday, 10 August 10
COAL CONSTRAINS CORE SECTOR GROWTH IN JUNE 2010
Growth in the six key infrastructure sectors decelerated for the third month in June. This is primarily due to last year’s high base effect. D ...
Sunday, 08 August 10
SOUTH AFRICA INCREASES COAL EXPORTS TO INDIA BY 74% IN JULY, TRADER SAYS
South Africa’s Richards Bay, the continent’s largest coal terminal, increased sales to India by 74 percent in July from June, according ...
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- Indian Energy Exchange, India
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- Romanian Commodities Exchange
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- Grasim Industreis Ltd - India
- Minerals Council of Australia
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- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
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- Indian Oil Corporation Limited
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- Eastern Coal Council - USA
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- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
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- Siam City Cement - Thailand
- MS Steel International - UAE
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- McConnell Dowell - Australia
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- Thai Mozambique Logistica
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- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Ministry of Mines - Canada
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- Power Finance Corporation Ltd., India
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- PetroVietnam Power Coal Import and Supply Company
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
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- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Bukit Makmur.PT - Indonesia
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- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
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- Global Green Power PLC Corporation, Philippines
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- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
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- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- White Energy Company Limited
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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