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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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Tuesday, 21 July 09
FIRST QUARTER COAL MARKET AND EURACOAL'S OUTLOOK FOR THE FUTURE
Euracoal reports that for the first time in many years, the world market for hard coal fell by some 8 % during the first quarter 2009. This latest E ...
Monday, 20 July 09
CHINAS COAL DEMAND, OUTPUT TO PICK UP IN H2 - GROUP 2
Financial24 reported that, China's coal demand is expected to gradually pick up in the second half of the year, and coal output will likely grow fa ...
Monday, 20 July 09
ADANI POWER LAUNCHES IPO, AIMS HIGHER CAPACITY
Economic Times reported that, Adani Power Ltd, a power project development company, promoted by Adani Enterprise went for an initial public offering ...
Monday, 20 July 09
BANPU'S SECOND-HALF PROFIT MAY DROP ON COAL PRICES
Bloomberg Reported that, Banpu Pcl, Thailand’s biggest coal producer, expects profit to decline in the second half from the first six months a ...
Monday, 20 July 09
CHINA COAL PRODUCES 52.7 MLN TONNES OF COAL IN 1H, UP 5.4 PCT
China Mining reported that, China Coal Energy Co., the country's second largest coal producer, said Saturday that it produced 52.67 million tonnes ...
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- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Australian Coal Association
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
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