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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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Saturday, 02 January 10
INDONESIAS COAL OUTPUT RISES BY 5%
Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the gov ...
Saturday, 02 January 10
TAIPOWER FORECASTS COAL DEMAND TO SNAP DECLINE
Taiwan Power Co., Asia's biggest importer of thermal coal, expects its demand for the fuel to rise in 2010 after falling for two years as the islan ...
Friday, 01 January 10
COAL INDIA TO START IMPORTING DIRECTLY
According to sources, the coal major has already finalised tender document to import four million tonnes thermal grade coal for supplies to NTPC. Th ...
Thursday, 31 December 09
INDONESIA SEES 2010 MINING INVESTMENT UP 39 PCT
Reuters reported that, Indonesian mining investment is expected to hit $2.5 billion next year, up from $1.81 billion in 2009, supported by greater c ...
Thursday, 31 December 09
YANDICOOGINA BECOMES FIRST MINE IN AUSTRALIA TO PRODUCE 50 MILLION TONNES A YEAR
COALspot.com Press Release: Rio Tinto's Yandicoogina, Australia's largest-producing iron ore mine, has broken the 50 million tonne mark for annual ...
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- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
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