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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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Friday, 26 March 10
CHINA PLANS TO INCREASES IMPORT COAL GREATLY IN 2010
– Asia Pacific Coal Trading & Investment Outlook 2010-
COALspot.com (Press Release): China plans to increase coal import significantly ...
Friday, 26 March 10
NTPC IN TALKS FOR INDONESIAN MINE - LIVE MINT
The deal for the coal mine with 1.8 bn tonnes of reserves may be valued at $1 bn
Live Mint reported that, State-run power utility NTPC Ltd is in ta ...
Friday, 26 March 10
ESSAR GROUP SIGNS DEAL FOR INDONESIAN COAL MINE - BUSINESS LINE
Looking ahead
The coal from the Indonesian mine would provide raw material to the group's power projects
The Aries coal mines acquired by the gro ...
Thursday, 25 March 10
CHINA RAILWAY WINS $4.8 BILLION INDONESIA PROJECT - BLOOMBERG
Bloomberg reported that, China Railway Group Ltd. won a $4.8 billion order from PT Bukit Asam, Indonesia’s state-owned coal producer, for a co ...
Thursday, 25 March 10
INDIAS MAHARASHTRA SEEKS TO IMPORT 3.35 MILLION TONS OF COAL - BLOOMBERG
Bloomberg reported that, Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, is seeking 3.35 m ...
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- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Planning Commission, India
- GVK Power & Infra Limited - India
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Parliament of New Zealand
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
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