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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, 07 October 09
COAL INDIA, SHIPPING CORP MAY FORM VENTURE TO IMPORT COAL
The venture may be on the lines of the firm that CIL plans with SAIL for coal imports in which both to hold 25%
Live Mint reported that, State-ru ...
Tuesday, 06 October 09
ASIA COAL-PRICE REBOUND TOWARDS $71 ON TENDER ACTIVITY
Reuters reported that, Prices of power-station coal in Australia, a benchmark for Asia, rose 4 percent in the latest week to near $71 a tonne, bolst ...
Tuesday, 06 October 09
BHARATHI CEMENT TO ADD 2.5 MT CAPACITY BY 2010
Business-Standard reported that, Bharathi Cement Corporation (BCC) commenced its commercial operations from its Nallalingayapalli manufacturing plan ...
Tuesday, 06 October 09
MOZAMBIQUE TO BUILD COAL RAILWAY
BBC reported that, Mozambique's government has announced that it has secured $500m (£313m) to build a new railway line. The transport ministe ...
Tuesday, 06 October 09
COAL INDIA AIMS TO BUY MINE ABROAD BY MARCH
*Coal India to issue its first coal import tender by Nov
*ArcelorMittal, 9 others in race to develop abandoned mines
*52 firms keen to partner coa ...
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- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Minerals Council of Australia
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- VISA Power Limited - India
- Australian Coal Association
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
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