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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, 17 July 09
THE NEW LAW OF MINERAL AND COAL MINING NO 4/2009 CREATE CONDUCIVE CLIMATE OF INVESTMENT IN INDONESIA
COALspot.com (Indonesia): The new Law of Mineral and Coal Mining No 4/2009, which replaces the old mining law No. 11/1967 has been signed by the Pre ...
Friday, 17 July 09
INDIA COAL TRADERS MUST OWN POWER, MINES - C&O BOSS
· Coal traders need to diversify to grow
· Coastal Energen to build first merchant power plant
· Tamil Nadu to see st ...
Friday, 17 July 09
CHINA SHENHUA ENERGY'S COAL OUTPUT SWELLS 17.6% IN H1
China Knowledge reported that, China Shenhua Energy Co Ltd, which is engaged in the coal mining, power generation and transportation businesses, on ...
Thursday, 16 July 09
CHINA ISSUES SECOND BATCH OF '09 EXPORT QUOTAS
China has issued 25 million tonnes of coal export quotas for the second batch this year, the National Development and Reform Commission said Wednesd ...
Thursday, 16 July 09
NTPC TO ENGAGE BANKERS TO ACQUIRE OVERSEAS COAL MINES
The Hindu reported that, State-run power generation company NTPC said it would appoint merchant bankers next month for acquiring coal mines identifi ...
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- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- PTC India Limited - India
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Deloitte Consulting - India
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