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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, 06 January 10
BUMI SHARES UP AS OVERALL PERFORMANCE BEATS PREDICTIONS
The world’s largest thermal coal exporter PT Bumi Resources saw its shares jump 10 percent to Rp 2,675 ($29 US cents) on Tuesday after the com ...
Wednesday, 06 January 10
INDIA MAY HAVE BECOME TOP BUYER OF SOUTH AFRICAN COAL
India may have overtaken Europe for the first time as the biggest purchaser of South African coal in 2009, according to Raymond Chirwa, Richards Bay ...
Wednesday, 06 January 10
COAL PEAK RECEDES INTO THE FAR DISTANCE
COALspot.com (German): Coal will be available to mankind as an energy source for the next 120 years.
The German Coal Importer Association has ca ...
Tuesday, 05 January 10
SUPRAMAX MARKET REMAINED QUIET OVER THE LAST 10 DAYS BRS - DRY BULK
Despite a damp end to the year for bulk rates, shipping has weathered the storm far better than was initially expected in the wake of the financ ...
Tuesday, 05 January 10
WINTER WEATHER SPIKES COAL PRICES - CHINA UPDATE
Cold weather is driving coal prices higher and will lend the advantage in annual negotiations to suppliers, analysts said, predicting that the risin ...
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- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- White Energy Company Limited
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- GMR Energy Limited - India
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Planning Commission, India
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Australian Coal Association
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
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