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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, 19 August 09
MMTC SCRAPS CONTROVERSIAL COAL TENDER
Most of NTPC’s coal-based projects don’t have sufficient stock of coal
State-owned trading firm MMTC Ltd has scrapped its controversi ...
Wednesday, 19 August 09
THE 3RD ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2009 WILL BE HELD IN CHINA IN SEPTEMBER 2009
COALspot.com (China): Due to the inversion of domestic and overseas coal price in China, China coal import increased dramatically and continuously. ...
Wednesday, 19 August 09
COAL INDIA PLANS SUBSIDIARY IN MOZAMBIQUE
Business Standard reported that, Coal India Ltd (CIL), which was awarded two exploratory coal blocks in Mozambique in March this year, has decided t ...
Tuesday, 18 August 09
INDIA PLANS 'SIMPLER' MINING LAW TO BOOST INVESTMENT
Bloomberg reported that, India aims to cut permit delays and attract overseas capital through “simpler” resource investment laws to help ...
Tuesday, 18 August 09
BANPU TO FOCUS ON CORE BUSINESS
Banpu, the country's leading energy firm, expects to conclude its four-year strategic plan next month, resulting in a strengthening of its core bus ...
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- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
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- Economic Council, Georgia
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- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
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- Planning Commission, India
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- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
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- New Zealand Coal & Carbon
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- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
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- Bulk Trading Sa - Switzerland
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- Indian Oil Corporation Limited
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- Australian Coal Association
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
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- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
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- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
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- Tata Chemicals Ltd - India
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- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Sojitz Corporation - Japan
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- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
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- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
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- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
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