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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, 02 June 10
PLN TO DEVOUR 133 PERCENT MORE COAL IN NEXT FIVE YEARS
The Jakarta globe reported that, State electricity company PT Perusahaan Listrik Negara will more than double the amount of coal it uses over the ne ...
Tuesday, 01 June 10
LANCO INFRATECH PLANS POWER PROJECTS IN COASTAL REGIONS
My digital reported that, Hyderabad-based Lanco Infratech will set up power projects in coastal regions based on imported coal. The company is ...
Monday, 31 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE SHORTENS
Business week reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in powe ...
Saturday, 29 May 10
FREIGHT MARKET SEEMS TO BE STABILIZING - CAPT. REDDY
COALspot.com: The week was clearly for Cape which went up by almost 21 pct . The BDI was up only by 6 pct.
The other sectors were under pressure ...
Friday, 28 May 10
BERAU COAL GROUP SEEKS US$ 700 M LOAN
PT Bukit Mutiara has decided to revise down its bond issue from US$600 million to US$400 million. In total, it is seeking US$700 million of debt, co ...
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- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Australian Coal Association
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- PTC India Limited - India
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- The University of Queensland
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Petron Corporation, Philippines
- Romanian Commodities Exchange
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