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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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Monday, 17 May 10
INDONESIA SHIPPED 15.51 PERCENT LESS COAL IN APRIL THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 23,331,542 MT of coal in April 2010, compare to 27.61 million tons in ...
Monday, 17 May 10
S. AFRICA CUTS EUROPE COAL SUPPLY, ASIA SALES RISE, TRADER SAYS - BLOOMBERG
Bloomberg reported that, South Africa’s Richards Bay Coal Terminal, Europe’s biggest source of the fuel burned for power, cut shipments ...
Monday, 17 May 10
GREEK CRISIS TO SEE FREIGHT RATES FALL BANGKOK POST
The Greek debt crisis will likely cause shipping rates to fall this quarter enabling SET-listed Precious Shipping Plc to buy second-hand vessels at ...
Monday, 17 May 10
NEWCASTLE COAL QUEUES COULD BE HISTORY - THE HERALD
NEWCASTLE'S infamous coal queues could be a thing of the past if a plan to have the ships anchor over the horizon succeeds against the doubts of it ...
Sunday, 16 May 10
THREE FIRMS SHORTLISTED FOR CIL'S $ 2BN OVERSEAS PROJECTS - ECONOMIC TIMES
Economic Times reported that, State-owned Coal India Ltd (CIL) has shortlisted US firms Massey Energy and Peabody Energy, besides Indonesian Novem/S ...
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- Formosa Plastics Group - Taiwan
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- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Australian Coal Association
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
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- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
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- Bangladesh Power Developement Board
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- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
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- Eastern Coal Council - USA
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- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
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- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
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- Global Business Power Corporation, Philippines
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- The University of Queensland
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- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Minerals Council of Australia
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- Ministry of Finance - Indonesia
- GMR Energy Limited - India
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- Ministry of Mines - Canada
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- Semirara Mining Corp, Philippines
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- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
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- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
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- Anglo American - United Kingdom
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- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
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- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
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- Directorate Of Revenue Intelligence - India
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- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
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- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
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- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
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- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
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- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
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- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- Central Electricity Authority - India
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- Holcim Trading Pte Ltd - Singapore
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- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
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- Siam City Cement - Thailand
- Thai Mozambique Logistica
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- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
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- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
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- GAC Shipping (India) Pvt Ltd
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