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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, 21 July 10
CHARTER RATES FOR BIG SHIPS GO INTO FREEFALL
It is reported that concerns over the slowdown in the mainland construction sector posturing over ore price negotiations and a general summer slowdo ...
Wednesday, 21 July 10
FEWER SHIPS SOLD FOR SCRAP IN JUNE, ADDING PRESSURE TO FREIGHT RATES
The easing of vessel tonnage supply should be among the main concerns among ship owners, especially those active in dry bulk shipping. The reason is ...
Wednesday, 21 July 10
BUKIT ASAM SEALS RP900 BIO COAL DEAL
Souce: Insider Stories
Insider Stories reported that, State-Owned coal producer PT Tambang Batubara Bukit Asam Tbk (PTBA) have agreed t ...
Wednesday, 21 July 10
TUAH TURANGGA BUYS ABP US$ 15.9 MIO
Source: Insider Stories
Insider Stories reported that, Komatsu heavy equipment PT United Tractors Tbk (UNTR) through its wh ...
Tuesday, 20 July 10
CHINA'S RELIANCE ON COAL TO DROP 7% BY 2015 - XINHUA NET
Xinhua Net reported that, China's coal consumption is likely to drop to 63 percent of total energy consumption by 2015, down from 70 percent last y ...
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- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Carbofer General Trading SA - India
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
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