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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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Sunday, 01 November 09
THE COAL MOVEMENT TO INDIA FROM SOUTH AFRICA AND INDONESIA WOULD BE CONTINUE INCREASE - VISTAAR SINGAPORE
COALspot.com (Singapore): The BDI continued to be firm with an increase of 60 points and closed at 3,103 points.
The cape index also was firm an ...
Sunday, 01 November 09
INDONESIA ADARO Q3 NET PROFIT JUMPS ON COAL DEMAND
* Q3 net profit up 131.6 percent to 1.27 trillion rupiah
* Q3 revenue up 56.8 percent to 7.12 trillion rupiah
Reuters reported that, Indonesia' ...
Sunday, 01 November 09
PT INDIKA MAY BUY STAKES IN BHPB INDONESIA OPERATIONS
Dow Jones reported that Indonesian coal producer PT Indika Energy may buy stakes in BHP Billiton Limited's Indonesian coal operations and in local ...
Sunday, 01 November 09
ADAVALE RESOURCES MAKES COAL ACQUISITIONS IN INDONESIA
Adavale Resources Limited has entered into an agreement to acquire the rights to two thermal coal projects Tapan and Jambi in Sumatra Indonesia, hel ...
Saturday, 31 October 09
PRODUCERS BENEFIT FROM COAL'S TIGHT SUPPLY AND STRONG DEMAND
The Jakarta Post reported that, The outlook for Indonesian coal producers appears promising with strong volume growth coming from both the domestic ...
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- Bangladesh Power Developement Board
- Australian Coal Association
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Planning Commission, India
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- The University of Queensland
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
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