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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, 25 April 09
KPC DEVELOPS EAST KALIMANTAN WITH GOVT - THE JAKARTA POST
Kaltim Prima Coal (KPC) focuses on several areas in its CSR projects to help the government increase the welfare of the community living around the ...
Friday, 24 April 09
NAPOCOR TO TENDER FOR 195,000 T COAL - ABS-CBNNEWS.COM
Top Philippine electricity producer National Power Corp. (Napocor) said on Friday it will hold a tender on May 20 to buy 195,000 tons of steam coal ...
Friday, 24 April 09
NTPC TO DELVE INTO CONTRACT MINING - ECONOMICTIMES
NTPC, India’s largest power producer, plans to cash in on its decades-old experience in handling coal mines by spinning off a separate u ...
Wednesday, 22 April 09
PROTECTED FORESTS FACING UNDERGROUND MINING THREAT - THE JAKARTA POST
The government is soon to issue a presidential regulation allowing mining companies to mine underground in protected forest areas, despite a recent ...
Tuesday, 21 April 09
MITRA RAJASA TO ACQUIRE TWO MINING COMPANIES - THE JAKARTA POST
PT Mitra Rajasa Tbk plans to acquire PT Realita Jaya Mandiri and PT Masindo Artha Resources in South Sumatra, which are worth around US$40 million.
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- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
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