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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, 30 December 09
INDIA CEMENTS TO FINALIZE 3 SHIPMENTS OF SOUTH AFRICAN COAL NEXT WEEK
COALspot.com (India): India Cements is looking for 3 shipments (150,000MT) of South African coal for January – March 2010 delivery on C ...
Wednesday, 30 December 09
BANPU EXPECTS STABLE COAL PRICES
2009 revenue growth will be hard to beat
Banpu Plc, Asean's largest coal miner, expects coal prices to stay firm at about US$80 per tonne in the f ...
Wednesday, 30 December 09
CIL DELISTS JAGUAR ENERGY FOR KODA LINKS
Coal India Ltd (CIL) has dropped Indonesia-based Jaguar Energy & Power Ltd from the list of companies, it intended to forge partnerships with to ...
Wednesday, 30 December 09
COAL PRICE RISE REQUEST DENIED
A proposal by the Viet Nam National Coal and Mineral Industries Group to double the price of coal has been turned down by the Ministry of Industry a ...
Wednesday, 30 December 09
CHINA'S 2010 COAL DEMAND COULD RISE 4%-6%, ACCORDING TO CHINA SECURITIES JOURNAL
China, which is the world’s second-largest energy user, may consume between 4 and 6% more coal next year on continued economic growth, China S ...
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- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Planning Commission, India
- MS Steel International - UAE
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Australian Coal Association
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
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