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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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Saturday, 11 July 09
THE IMPORT OF STEAM COAL FROM INDONESIA & S/A TO INDIA WILL CONTINUE TO INCREASE - VISTAAR
COALspot.com ( Singapore): Vistaar Shipping, an experienced ship operator in Singapore said, The market continued to be soft this with doubts a ...
Friday, 10 July 09
DMO AND ICPR AIMED AT SECURING DOMESTIC COAL SUPPLY
COALspot.com (Indonesia): According to website of DGCMG, the implementation of coal Domestic Market Obligation (DMO) and the Indonesian Coal P ...
Friday, 10 July 09
INDONESIAN MINING LAW IN TRANSITION
Further to the enactment of Law No. 4 of 2009 on Mineral and Coal Mining (“Law 4/2009”), the enactment of various implementing regulatio ...
Thursday, 09 July 09
COAL EXPORTS TO CHINA MAY FALL AS PRICES, SHIPPING RATES RISE
CHINA'S appetite for Australian coal may fall in July and August from earlier highs, due to a recent recovery in regional prices and higher interna ...
Thursday, 09 July 09
GARDA LISTS SHARES IN LOCAL BOURSE
Local coal company PT Garda Tujuh Buana officially listed its shares in the Indonesia Stock Exchange (IDX).
The listing followed the company's p ...
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- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Bhatia International Limited - India
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Planning Commission, India
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Independent Power Producers Association of India
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- The University of Queensland
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