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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, 22 July 09
TAIPOWER RECEIVES 37 OFFERS IN TENDERS
State utility Taiwan Power has received offers for 37 panamax cargoes of bituminous and sub-bituminous coal in two tenders involving 12 panamax ship ...
Wednesday, 22 July 09
PRIME MINISTER APPROVAL SOUGHT TO HIKE COAL PRICES IN INDIA
PTI reported that decrying the low prices of the industrial fuel, the coal ministry will approach Dr Manmohan Singh PM of India next month for raisi ...
Tuesday, 21 July 09
BHATIA SAYS GETS ORDER FOR 800,000T COAL FROM KPCL
Reuters reported that, Indian traders Bhatia received on Tuesday a purchase order for 800,000 tonnes thermal coal at $63.00 C&F from Karnataka P ...
Tuesday, 21 July 09
NZ'S PIKE RIVER SAYS SELLS COAL AT $128 PER TONNE
Reuters reported that, New Zealand miner Pike River Coal said on Tuesday it had sold its premium hard coking coal at $128 a tonne for the curr ...
Tuesday, 21 July 09
NEWCASTLE COAL EXPORTS FALL 5%, SHIP QUEUE INCREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 5 per ...
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- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- White Energy Company Limited
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Australian Coal Association
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
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