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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, 16 February 10
KPMG PENS 6-POINT STRATEGY FOR COAL INDIA RESTRUCTURING
Coal India Ltd (CIL) has appointed KPMG Advisory Services Pvt Ltd to advise on consolidating its position as the country’s prime energy provid ...
Monday, 15 February 10
MINING LAW TO BE REVISED
Law No. 4 of 2009 on mineral and coal mining will be revised after a working visit of the Bangka Belitung (Babel) Provincial legislative assembly (D ...
Monday, 15 February 10
EURO COAL PRICES SOFTEN AS CHINESE LUNAR NEW YEAR HOLIDAYS START
Prices of prompt cargoes of coal for delivery into Europe weakened last week on a lack of European demand and market nerves over the possible impact ...
Monday, 15 February 10
INDONESIAN COAL SUFFERS SETBACK AS SUMATRA RAIL LINE HELD UP AGAIN
State-owned coal miner PT Tambang Batubara Bukit Asam’s $1.06 billion rail project in Sumatra faces more delays, and the cost of the project i ...
Monday, 15 February 10
MEC INFRA TO COMMISSION INDONESIA RAIL PROJECT
A joint venture between Ras Al Khaimah Investment Authority (Rakia) RAK Investment Authority and Minerals Energy and Commodities Holdings, a f ...
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- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- White Energy Company Limited
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
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