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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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Sunday, 16 May 10
INDIKA ENERGY & COAL ASSETS EXPANSION
Insider stories reported that, PT Indika Energy Tbk (INDY) has three portfolio coal assets, PT Kideco Jaya Agung, coal asset in East Kalimanta ...
Saturday, 15 May 10
THE AVERAGE CHARTER HIRE FOR CAPE REACHES US$ 49,931 PER DAY - VISTAAR SINGAPORE
COALspot.com: "The freight market was extremely buoyant this week with BDI almost up by 9 pct and the market was very firm in Feast/SE Asia sec ...
Saturday, 15 May 10
DRY BULK MARKET POSTS HEALTHY WEEKLY GAINS
The dry bulk market has reached new highs this week, the second consecutive solid one, with the industry’s benchmark, the Baltic Dry Index (BD ...
Friday, 14 May 10
JSW BUYS COAL MINES IN US, PRODUCTION STARTS IN SEPT
JSW Steel on Friday said it has completed $100 million acquisition of coking coal assets in the US and will start production from September to parti ...
Friday, 14 May 10
KANGAROO RESOURCES TO ACQUIRE INDONESIAN COAL PROJECTS - PROACTIVE INVESTORS
Proactive Investors reported that, Kangaroo Resources (ASX: KRL) is preparing to complete the acquisition of its five outstanding Indonesian coal pr ...
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- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
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