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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, 05 May 09
INDONESIA'S ADARO PAYS $78.6 MLN FOR COAL-BARGING FIRM - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, said late on Monday it paid $78.6 million for a 74 percent stake in Orchard ...
Tuesday, 05 May 09
PHILIPPINES SEMIRARA STILL EXPECTS HIKE IN COAL SALES - BUSINESS MIRROR
DESPITE the anticipated soft demand resulting from the prevailing global financial crisis, the country’s largest coal producer Semirara Mining ...
Monday, 04 May 09
VISTAAR SINGAPORE SAYS, THIS MONTH DRY BULK FREIGHT LIKELY TO COME DOWN
COALspot.com (Singapore) - VISTAAR shipping Services Pte Limited of Singapore, said, the beginning of last week started with bit of weakness an ...
Monday, 04 May 09
PNOC-EC TO GROW COAL OPERATIONS - PHILIPPINE DAILY INQUIRER
LISTED firm Philippine National Oil Co.-Exploration Corp. plans to expand its operations this year to ensure the steady supply of coal and fur ...
Saturday, 02 May 09
BUMI'S FIRST-QUARTER PROFIT RISES 21% ON COAL PRICE - BLOOMBERG
PT BUMI RESOURCES, Asia’s biggest exporter of power-station coal, said first-quarter profit rose 21 percent after it earned higher prices for ...
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- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- PTC India Limited - India
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Planning Commission, India
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
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