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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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Tuesday, 13 July 10
FURTHER LOSSES FOR BALTIC DRY INDEX ON HIGH VESSEL SUPPLY
The dry bulk market can’t catch a breath, as it has now entered the 7th straight week of losses. The industry’s benchmark, the Baltic Dr ...
Sunday, 11 July 10
OVERALL NO OR NEGLIGIBLE IMPACT IN ARUTMIN MINE - BUMI
COALspot.com: Bumi denies the media reports on an impact of unusually rains on coal production in BUMI mines.
"Arutmin is being impacted by ...
Saturday, 10 July 10
FREIGHT MARKET SITUATION MAY CONTINUE FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: The market continued to soften further with the cape and panamax index down by about 20 pct and closed at 2,102 and 1,944 points respe ...
Saturday, 10 July 10
STC OF INDIA TO ASSOCIATE WITH FUEL SUPPLIERS
COALspot.com: State Trading corporation of India, which is under Ministry of Commerce, has invited Expression of Interest from coal suppliers ...
Saturday, 10 July 10
SCOMI TO SELL STAKE IN INDONESIA OPS - THE STAR
The star online reported that, Scomi Marine Bhd will sell a stake in its marine logistics business in Indonesia to a large Indonesian company to dea ...
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- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Trasteel International SA, Italy
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
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