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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, 13 May 10
CHINA CONCERNS TO TEST RAW MINERALS - THE AUSTRALIAN
The Australian reported that, COMMODITY prices will remain volatile and drop from recent highs as China's appetite for raw materials softens. James ...
Thursday, 13 May 10
ACTIVITY ON WEST COAST INDIA IS SLOWING - FEARNLEYS AS
DRY BULK CHARTERING
Handy
Atlantic markets remain firm but more for end May/beg June dates as there seems to be more enquiries for those dates. ...
Thursday, 13 May 10
DRY BULK SHIP OWNERS CHEERFUL AMID MARKET RALLY
China’s appetite for raw materials like iron ore and coal, as well as a series of added factors are boosting demand for dry bulk carriers, hel ...
Wednesday, 12 May 10
BANPU'S Q1 PROFIT SLIDES 43% TO B2.71BN - BANGKOK POST
The Bangkokpost reported that, Banpu Plc posted a first-quarter net profit of 2.71 billion baht, down by 43% from the same period last year.
The ...
Tuesday, 11 May 10
DALRYMPLE BAY COAL EXPORTS HIGHEST SINCE JULY; NEWCASTLE FALLS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Dalrymple Bay terminal in Queensland state rose to the highest in nine months in Apri ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- PTC India Limited - India
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
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