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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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Thursday, 04 June 09
ASIA COAL - PRICES RISE TO 31/2 MTH HIGH ON OIL, ECONOMY - INTERACTIVE INVESTOR
Interactive Investor reported that, Prices of power-station coal from Australia, a benchmark for Asia, rose to a three-and-a-half-month high of over ...
Thursday, 04 June 09
PTT: RESTRUCTURING BUSINESS, DIVERSIFYING INTO COAL - EASYBOURSE
Thailand's largest energy conglomerate, PTT PCL (PTT.TH), will diversify into coal as part of its business restructuring, Senior Executive Vice Pre ...
Thursday, 04 June 09
ADARO SECURES THREE NEW CONTRACTS, SAYS OUTLOOK POSITIVE - THE JAKARTA POST
Publicly listed PT Adaro Energy, the country's second largest coal miner, announced Wednesday it had secured three new coal contracts from buyers f ...
Wednesday, 03 June 09
XSTRATA, KOMIPO AGREE SOME '09 COAL TONNAGE AT $63/T- REUTERS
South Korean utility Korea Midland Power Co (KOMIPO) has agreed to buy part of its 2009 term contract tonnage from Xstrata's coal unit at about $63 ...
Wednesday, 03 June 09
KOSEP SEEKS UP TO 3 MLN TONNES OF COAL - REUTERS
Korea South-East Power Co Ltd (KOSEP) has issued four tenders seeking a total of 3 million tonnes of coal for delivery between 2009 to 2011, a tende ...
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- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Australian Coal Association
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Minerals Council of Australia
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
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