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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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Thursday, 10 June 10
CHARTERERS ARE NOT WILLING TO PAY THE RATES AS MARKET SLIDES
DRY BULK
Handy
Atlantic markets are quieter (Posidonia?) with less activity. Nevertheless expect some fresh enquiries f ...
Thursday, 10 June 10
R-POWER, INDONESIA'S SUGICO INK PACT TO ACQUIRE COAL MINES - ECONOMIC TIMES
Economic Times of India reported that, Anil Ambani-owned Reliance Power has signed a share-sale agreement with Indonesia’s Sugico Group to acq ...
Thursday, 10 June 10
PARAMOUNT MINING CORPORATION REPORTS KEY INDONESIAN JV AGREEMENT
Indonesia focussed Paramount Mining Corporation has reported that its Indonesian subsidiary, PT Paramindo, has concluded a Joint Venture Agreem ...
Wednesday, 09 June 10
INDIA, CHINA TO PROP UP THERMAL COAL DEMAND - COMMODITY ONLINE
Commodity Online : Weakness in thermal coal demand in OECD will continue to be offset by growth in demand in India and China. Therefore, the s ...
Tuesday, 08 June 10
TATA POWER LOOKING TO PICK UP STAKE IN OVERSEAS COAL MINES - ECONOMIC TIMES
Economic Times reported that, Tata Power is looking for a strategic stake purchase in coal mines of Indonesia or South Africa to fuel its upcoming 1 ...
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- Vizag Seaport Private Limited - India
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- VISA Power Limited - India
- PTC India Limited - India
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Planning Commission, India
- White Energy Company Limited
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- CNBM International Corporation - China
- The University of Queensland
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
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