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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, 07 November 09
THE STEAM COAL MOVEMENT FROM INDONESIA TO INDIA REMAINED QUITE STRONG - CAPT. REDDY
COALspot.com (Singapore): The BDI continued rising this week and was up by 290 points up by almost 9 pct and the index closed at 3,393 points.
B ...
Friday, 06 November 09
COAL INDIA ABANDONS PLAN TO BUY ASSET IN AUSTRALIA
Coal India’s efforts to acquire a mid-sized virgin thermal coal block from a private party in Australia have drawn a blank.
The effort was ...
Friday, 06 November 09
NEW ASSETS WILL INCREASE COKING AND THERMAL COAL PRODUCTION
Coal and metals processing company Coal of Africa Limited (CoAL) aims to produce 10-million tons a year of coking coal and two-million tons a year o ...
Friday, 06 November 09
NTPC TO APPOINT MERCHANT BANKER FOR S AFRICA COAL MINE
State-run power producer NTPC, which is eyeing coal mines in South Africa to meet the gap in domestic fuel supply, will appoint a merchant banker ne ...
Thursday, 05 November 09
MERCATOR LINES AIMS TO BECOME A $5 BILLION COMPANY
Mercator Lines, India’s second largest private sector shipping line, plans to invest and expand, riding India’s next wave of growth, the ...
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- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Economic Council, Georgia
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- The University of Queensland
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- PTC India Limited - India
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
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