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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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Wednesday, 10 February 10
ANGLO AMERICAN TIPS COAL PRICE RISE AFTER RAIN, AUSTRALIAN SAYS
Anglo American Plc expects coking coal contract prices to rise after weeks of heavy rain in Queensland state cut output by as much as 10 million met ...
Wednesday, 10 February 10
KANGAROO RESOURCES COMMENCES MINING AT MAMAHAK COKING COAL PROJECT
International coal producer Kangaroo Resources has kicked off mining at its second Indonesian coal operation, the Mamahak Coking Coal Project in Eas ...
Wednesday, 10 February 10
CHINA DENIES CLIVE PALMER'S COAL DEAL
ONE of China's biggest government-owned companies yesterday repudiated mining billionaire Clive Palmer for overstating what he said was Australia' ...
Tuesday, 09 February 10
INDIANS SAY SEEKING COAL BARGAINS VIA INDEX PRICES
* Indonesian cheaper than S.African - traders
* End-users wait for price falls before tendering
Indian coal traders responsible for the bulk of ...
Tuesday, 09 February 10
EURO COAL-PROMPT SLIDES WITH OIL PRICES
* April S.African cargo trades at $83.50/T FOB, unchanged
* April DES cargo trades at $74.75 a tonne, down $1/T
* Russia's Kuzbassrazrezugol sees ...
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Showing 6011 to 6015 news of total 6871 |
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- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
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