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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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- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
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