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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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Friday, 07 August 09
COAL-PRICE FORECAST RAISED AT MERRILL ON CHINA, INDIA DEMAND
Bloomberg reported that, Bank of America Corp.’s Merrill Lynch & Co. unit increased its price forecast for Asian power-station coal becaus ...
Friday, 07 August 09
CHINESE DEMAND FOR FOREIGN COAL SOARS
Mining Weekly reported that, Chinese coal imports rocketed by 126,3%, year-on-year, in the first half of this year, the country’s customs auth ...
Thursday, 06 August 09
RICHARDS BAY COAL SHIPMENTS FELL 3% ON YEAR IN JULY
Bloomberg reported that, Richards Bay Coal Terminal, Africa’s largest coal-export facility, exported 3 percent less of the fuel in July than i ...
Thursday, 06 August 09
NTPC LOOKS TO BYPASS STATE TRADING FIRMS ON COAL IMPORT
A reduced coal import bill for NTPC could lead to lower power tariffs
Live mint.com reported that, India’s largest power generation utility ...
Thursday, 06 August 09
CHINA JULY COAL IMPORTS AT 9.5 MLN T, DEMAND FIRM
* Coal imports at key ports in July 2.8 times year-ago levels
* July coal imports down nearly 40 percent from June
* China still buying overseas c ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
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- Toyota Tsusho Corporation, Japan
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- Eastern Energy - Thailand
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- Indo Tambangraya Megah - Indonesia
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
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- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
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- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Planning Commission, India
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- Economic Council, Georgia
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- Ministry of Mines - Canada
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- Madhucon Powers Ltd - India
- Australian Coal Association
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- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
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- The State Trading Corporation of India Ltd
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- Ministry of Transport, Egypt
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- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
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- Parliament of New Zealand
- Africa Commodities Group - South Africa
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- Power Finance Corporation Ltd., India
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- Energy Link Ltd, New Zealand
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- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
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- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- South Luzon Thermal Energy Corporation
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- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
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- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
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- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
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- Globalindo Alam Lestari - Indonesia
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- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
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- Electricity Generating Authority of Thailand
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- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
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- Timah Investasi Mineral - Indoneisa
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- Indian Oil Corporation Limited
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- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
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- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
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- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
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- Mintek Dendrill Indonesia
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- Chamber of Mines of South Africa
- PTC India Limited - India
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
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- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Mercator Lines Limited - India
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- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
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- ASAPP Information Group - India
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