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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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Thursday, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Mond ...
Thursday, 29 October 09
UAE FUND EYES INDIA POWER FOR INDONESIAN COAL
Reuters reported that, the UAE's Middle East Coal (MEC) is in talks to buy equity stakes in India's power plants in exchange for long-term coal su ...
Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep ...
Thursday, 29 October 09
INDIA MMTC TENDER SET TO BOOST S.AFRICA COAL
The South African coal market is set to be boosted further by India's state-owned trading firm MMTC Ltd's tender for 12.5 million tonnes, Indian t ...
Thursday, 29 October 09
INDIA CEMENTS SET TO ACQUIRE COAL MINE IN INDONESIA
Business-Standard reported that, India Cements is set to acquire a coal mine in Indonesia for around $20 million (around Rs 100 crore). The company ...
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- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- The University of Queensland
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Economic Council, Georgia
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
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