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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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Tuesday, 09 March 10
STRONG REBOUND IN ALL THE DRY BULK SEGMENTS THIS WEEK
There was a strong rebound in all the dry bulk segments this week, leading to an 18% jump in the Baltic Dry Index.
The Cape and Panamax markets s ...
Tuesday, 09 March 10
L&T POWER EYEING COAL MINES IN AUS, INDONESIA
L&T Power Development Company, a part of the Larsen & Tubro Group, plans to acquire coal mines in Australia and Indonesia, a top company off ...
Tuesday, 09 March 10
BHP AGREES SHORTER-TERM COAL DEALS WITH EUROPEAN, ASIAN CUSTOMERS
Diversified miner BHP Billiton on Monday reported that it had reached sales terms for a significant portion of its hard coking coal volumes for 2010 ...
Monday, 08 March 10
KPCL TO IMPORT 0.9 MILLION TON OF 6000 GCV COAL
COALspot.com: India's Karnataka Power Corporation Ltd is seeking to import 0.9 million metric tons of 6000 kcal/kg (adb) Gross Calorific Value stea ...
Monday, 08 March 10
CHINA SHIPPING TO CARRY MORE COAL FOR SHENHUA
Hellenic Shipping News reported that, China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaod ...
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- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- PTC India Limited - India
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Australian Coal Association
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Economic Council, Georgia
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- VISA Power Limited - India
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
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