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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, 18 June 15
MERCATOR'S KAMSARMAX FIXED WITH CLEARLAKE
COALspot.com: Mercator Lines (Singapore) Limited, a leading Indian-owned international dry bulk shipping company focused on markets such as India, ...
Wednesday, 17 June 15
PANAMAX RATE AVERAGED $22.82 PMT IN THE FIRST 10 DAYS OF JUNE FOR THE GRAIN ROUTE FROM SANTOS, BRAZIL, TO QINGDAO, CHINA - INTERMODAL
This year, Brazil will be exporting a record 96 million tons of soybean crop and starting in August the country will begin shipping a second corn c ...
Tuesday, 16 June 15
MERS: POTENTIAL CHARTERPARTY IMPLICATIONS - CLYDE & CO
KNOWLEDGE TO ELEVATE
South Korea's current outbreak of Middle East Respiratory Syndrome (MERS) has been the focus of much international at ...
Tuesday, 16 June 15
Q3 FOB INDONESIA COAL SWAP PRICE DOWN 50 CENTS OVER PAST WEEK
COALspot.com: Indonesian coal swap for delivery Q3 2015 gains month on month but declined week over week, this past week.
The Q3 swap was clim ...
Tuesday, 16 June 15
FOB RICHARDS BAY COAL SWAPS: PRICES MOVED UP ON THE WEEK
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q3' 2015 rose month over month and week over week.
The Q3 swap was up US$ 1.70 ...
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- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- PTC India Limited - India
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- The University of Queensland
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
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