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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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Sunday, 26 April 09
INDONESIAN GOVT SAYS COAL MINES CAUSE WEEKLONG FLOOD - THE JAKARTA POST
Samarinda administration in East Kalimantan admitted openly Thursday that the weeklong flood that paralyzed the city was caused by unruly management ...
Saturday, 25 April 09
FOREIGN SHARE DIVESTMENT STARTING THE 6TH YEAR OF PRODUCTION - MAJALAH TAMBANG
The government would set a divestment scheme for foreign miners, which would require companies to divest their ownership starting the 6th year of pr ...
Saturday, 25 April 09
INDO TAMBANGRAYA MEGAH ALLOCATED USD 126 MILLION FOR CAPITAL SPENDING - MAJALAH TAMBANG
Somyot Ruchirawat, President Director of PT Indo Tambangraya Megah, Tbk (ITMG), has announced the company's total dividend payment of Rp 1,345 per ...
Saturday, 25 April 09
MINING SECTOR IS STILL ON THE SURPLUS - THE JAKARTA POST
The global financial crisis is apparently also having an impact on the mining sector. People are thinking twice about investing in the mining sector ...
Saturday, 25 April 09
ADARO RUNS CATARACT OPERATION PROGRAM - THE JAKARTA POST
As part of its CSR program, thermal coal producer PT Adaro Indonesia has made cataract operations available to residents of Tandjung district, South ...
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- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- The University of Queensland
- White Energy Company Limited
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Parliament of New Zealand
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
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