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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, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN
ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal ...
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (B ...
Tuesday, 06 April 10
NEWCASTLE COAL EXPORTS RISE 24%, SHIP QUEUE SHORTENS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power st ...
Tuesday, 06 April 10
UAE STEEL TRADERS FEAR LOSSES ON GLOBAL HIKE
A sudden spurt in the price of iron ore in the international market has caught local steel traders and manufacturers and a host of other steel-depen ...
Tuesday, 06 April 10
ASIAN INVESTORS EYE NIGERIA MARITIME INDUSTRY
Investors from the Asian region are considering investing in the Nigerian maritime sector, which has huge opportunities and potential. One of such p ...
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- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Australian Coal Association
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- The University of Queensland
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
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