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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, 19 June 09
COAL FORUM TO MEET IN BALI NEXT WEEK
Bali will host next week a Southeast Asian forum on coal, involving coal producers, consumers and government representatives.
The Indonesian Ener ...
Friday, 19 June 09
KARNATAKA POWER CORP BEGINS BLENDING INDONESIAN COAL
BL reported that the State Government owned power utility Karnataka Power Corporation Limited has begun blending imported Indonesian coal for its th ...
Thursday, 18 June 09
COAL MINING HALTS AFTER DEADLY BLAST - (UPDATE 2)
All mining activists in Sawahlunto, West Sumatra, are at a standstill after a major underground explosion killed at least 31 miners and buried 12 ot ...
Thursday, 18 June 09
INDIA'S HINDALCO CLOSE TO BUYING AUSTRALIA COAL MINE
India's largest aluminium maker Hindalco Industries is close to acquiring a coal mine in Australia, for about $70-$80 million, The Economic Times r ...
Thursday, 18 June 09
GERMAN COAL BUYERS SEE LOWER IMPORTS, PRICES
* Coal imports and prices fall as steel industry slumps
* Coal industry grapples with carbon polluter image
German imports of hard coal are like ...
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- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
- Central Electricity Authority - India
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- PTC India Limited - India
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
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