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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, 22 October 09
2ND UNITED INDONESIA CABINET UNVEILED
The Jakarta Post reported that, President Susilo Bambang Yudhoyono announced his second United Indonesia Cabinet on Wednesday night, comprising 34 m ...
Thursday, 22 October 09
PEABODY SET TO TAP ASIAN DEMAND FOR COAL
The Australian reported that, US coal giant Peabody Energy plans to double its Queensland and NSW coal exports in the next five years, as it looks t ...
Wednesday, 21 October 09
INDONESIA POWER FIRM SEEKS TO DEFER COAL SUPPLIES
Reuters reported that, Indonesia's state power firm is negotiating with two coal producers, including a unit of PT Bumi Resources Tbk, to defer a c ...
Wednesday, 21 October 09
MINING REGULATION GENERATES CONFUSION IN INDONESIA
The Jakarta Globe reported that, Mining industry representatives said on Friday they were confused by a recently issued regulation restricting the w ...
Wednesday, 21 October 09
LAW ACCOMMODATES NATIONAL AND INVESTOR INTERESTS
COALspot.com (Indonesia): According to ESDM, the government has issued five Lawson the energy and mineral resources sector. These laws will prioriti ...
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- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- The University of Queensland
- MS Steel International - UAE
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Australian Coal Association
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- PTC India Limited - India
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
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